Phyhealth Announces Recent Media Coverage in Preparation for Attendance of the American Society for Healthcare Risk Management Annual Conference & Exhibition.

MIAMI -- Physicians Healthcare Management Group, Inc. (OTC:PHYH) announced today that the company will be exhibiting with its partner, Atlas Insurance Management, at the annual conference of the American Society for Healthcare Risk Management (ASHRM) in San Diego, CA from Oct 29th through Nov 1st. Nearly 2,000 highly qualified health care risk management professionals are expected to attend the industry's premier educational and networking event this year, which is being sponsored by such illustrious companies as Chubb (NYSE:CB), AON (NYSE:AOC), Darwin Professional Underwriters (NYSE:DR), Willis Group (NYSE:WSH) and Marsh (NYSE:MMC).

Established in 1980, the American Society for Healthcare Risk Management is a personal membership group of the American Hospital Association with nearly 5,000 members representing health care, insurance, law and other related professions that promotes effective and innovative risk management strategies, professional leadership through education, recognition, advocacy, publications, networking and interactions with leading health care organizations and government agencies.

Phyhealth Management also announced that in the month of October alone, the company was the subject of two feature articles in Insurance industry trade publications. Both The Risk Retention Reporter and Medical insurance News, a Crittenden Publication, featured Phyhealth and its unique approach to coupling a risk retention group with community-based and physician owned HMOs. Both articles are available for viewing on the Phyhealth website.

Phyhealth's CEO, Robert Trinka, stated, "We are extremely gratified that Industry trade publications have picked up Phyhealth's story and recognize the potential of our innovative health plan model to introduce real positive change in the fractured U.S. healthcare system. We are also pleased to join our partner, Atlas Insurance Managers, in exhibiting at ASHRM, one of the most important healthcare meetings of the year. Our marketing efforts continue to gain traction, and the positive stories in the media have already resulted in a noticeable increase in the number of physician discussions we are having on a daily basis."

About Physicians Healthcare Management Group, Inc.

Phyhealth develops and operates fully integrated healthcare organizations in partnership with physicians. Phyhealth Plans preserve the physician-patient relationship and deliver high-quality affordable healthcare within its selected communities. Phyhealth offers a turnkey, prepaid health plan solution to physicians for their Medicare and other individual patients who prefer to choose their own doctor and who make their own healthcare insurance purchasing decisions. Phyhealth Plans are unique in integrating all aspects of the delivery and financing of care, including providing medical liability insurance protection through Physhield Insurance Exchange, Phyhealth's exclusive risk retention group. The Phyhealth model empowers physicians to proactively manage their patient's general health and medical care and enhances physician financial rewards by increasing practice revenues, reducing expenses and restoring the economic value (equity) of their medical practices.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

FOR FURTHER INFORMATION, go to the Company's website at: http://www.phyhealth.com