OptimumCare Corporation Has a Profit of .02 Cents Per Share for the First Nine Months of 2010
23 12월 2010 - 7:54AM
OptimumCare Corporation (Pink Sheets:OPMC), a behavioral healthcare
and temporary staffing services provider, today reported that the
company achieved profitability in the third three months of 2010,
as well as the first nine months of 2010.
For the three months ended September 30, 2010, with all figures
unaudited, net revenues from continued and discontinued operations
were $1,022,494, compared with revenues of $827,431 in the third
quarter of the prior year.
Pretax profits for the third quarter ended September 30, 2010
amounted to $12,380, compared with pretax profit of $(84,008) in
the prior year's quarter.
For the nine months ended September 30, 2010, with all figures
unaudited, net revenues from continued and discontinued operations
were $3,081,617, compared with revenues of $2,846,873 in the
previous nine months of the prior year.
Pretax profits for the nine months ended September 30, 2010,
amounted to $142,628, compared with the pretax profit of $(94,427)
in the prior year's nine-month period.
Both the staffing division and Friendship Community Mental
Health Center operated profitably for the quarter.
Mr. Ed Johnson, CEO & Chairman of the board, has noted that
Friendship Community Mental Health Center, a wholly owned
subsidiary of OptimumCare, continues to explore the option of
opening another location in the continually growing Phoenix
behavioral healthcare marketplace.
Mr. Johnson has stated that considering the current OPMC stock
price and current market conditions, OptimumCare Corporation will
be purchasing up to 1,000,000 shares of OPMC stock depending on
market conditions.
Created in 1987, OptimumCare Corporation provides healthcare
services in two industry segments. The Behavioral Health Management
Division provides management teams to client hospitals and medical
centers on a long-term contract basis to run inpatient and
outpatient behavioral health services. The Temporary Health Care
Staffing Division provides temporary social workers and other
professionals to a broad base of medical and healthcare client
sites.
Certain of the statements made herein constitute forward-looking
statements that involve risks and uncertainties, including the
risks associated with plans, the effects of changing economic and
competitive conditions, government regulation, which may affect
facilities, licensing, healthcare reform, which may affect payment
amounts and timing, availability of sufficient working capital,
program development efforts and timing, and market acceptance of
new programs, which may affect future sales growth and/or costs of
operations.
CONTACT: OptimumCare Corporation
Ed Johnson, Chairman & CEO
(800) 771-7202
www.optimumcare.com
OptimumCare (CE) (USOTC:OPMC)
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