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ATC Healthcare Continues National Expansion; Company Acquires Advantage Healthcare Personnel in Lakeland, Florida.

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ATC Healthcare, Inc. (OTC BB:ATCHA), a leading provider of comprehensive medical staffing for hospitals, nursing homes and healthcare organizations, today announced that in line with its national growth initiatives, the Company acquired Advantage Healthcare Personnel, Inc., a medical staffing agency based in Lakeland, Florida.

The new office will be operated as an ATC corporate location and will be the fourth ATC office to be opened in the state of Florida within the last year.

"This acquisition provides ATC with another location in Florida, a key strategic market that the Company plans to further infiltrate during this year. We continue to work toward our goals of opening a new ATC office approximately month, significantly increasing our national presence," stated Ed Teixeira, Executive Vice President and Chief Operating Officer of ATC.

"ATC continues to demonstrate significant progress in all areas; steadily increasing revenues and EBITDA over the last year, implementation of the Company's national growth objectives, and greater recognition in the healthcare staffing industry. I look forward to discussing our progress and potential at the UBS Warburg Healthcare Conference on February 8th and continuing to present ATC's investment potential to the investment community," David Savitsky, CEO and President, concluded.

About ATC Healthcare, Inc.

ATC is a national leader in medical staffing personnel to hospitals, nursing homes, clinics and other health care facilities with 65 locations in 26 states. ATC provides supplemental staffing, outsourcing and human resources solutions to hospitals, nursing homes, medical and research facilities and industry. Drawing from a pool of over 15,000 healthcare professionals spanning more than 50 specialties, the Company supplies both clinical and non-clinical personnel for short-term, long-term, and "traveling" contract assignments. To learn more about the company's services, visit their web site at

This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in ATC Healthcare, Inc. Annual Report on Form 10-K for the year ended February 28, 2001 as filed with the Securities and Exchange Commission on May 25, 2001 and its Quarterly Report on Form 10-Q for the quarter ended November 30th, 2001 as filed with the Securities and Exchange Commission on January 14, 2002.
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Publication:Business Wire
Date:Jan 25, 2002
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