Southern Home Medical Announces a Reduction in Outstanding
Preferred and Common Shares
LYMAN, S.C., Oct. 19, 2012 /PRNewswire/ -- Southern Home
Medical, Inc. (OTCPK: SHOM), a holding Company providing healthcare
services, staffing and equipment to medical institutions, announced
today that it has reduced its issued and outstanding Preferred C
share total by retiring 6,000,000 shares leaving a total issued of
10,131,250. The company is also pleased to announce that during the
month of August it retired 9,250,000 shares of common stock leaving
total of 234,510,122 issued and outstanding.
Southern Home Medical is dedicated to its shareholders to take a
position of strength and unwillingness to compromise with entities
that have not fulfilled the services promised to the Company. These
actions taken by the Company reinforces its commitment to rein in
unnecessary dilution thus strengthening the shareholder value of
its stockholders.
"We are pleased with our progress into the last half of 2012.
Opportunities to grow this Company continue to come our way and we
are optimistic they will come to fruition soon," said President and
CEO of Southern Home Medical, Jeff
Sarvis.
About Southern Home Medical, Inc.
Southern Home Medical, Inc. is a Holding Company with a focus on
servicing the needs of the U.S. healthcare Industry. The
Company has quality health care professionals to address national
shortages in hospitals, rehab centers, nursing homes, and other
medical facilities. Personnel are available 24/7/365 and include:
RN's, LPN's, CNA's, RT's, billing specialist, customer service
specialist, delivery techs, and marketing reps. The has
contractual agreements with partner businesses in Columbia, Florence, Charleston, Greenville and Lake Hartwell, of South Carolina; Nashville, Tennessee; Baltimore, Maryland; Atlanta, Georgia; and Philadelphia, Pennsylvania. Southern Home
Medical is leveraging the success of the businesses to expand sales
opportunities in these areas of health, medical, staffing and
medical equipment needs. For more information, visit:
www.southernhomemedical.com
www.encoremedicalstaffing.com www.apnearx.net
Forward-Looking Statement
The statements in the press release that relate to the Company's
expectations with regard to the future impact on the Company's
results from acquisitions or actions in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The statements in this
document may also contain "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. When used in this press
release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such
forward-looking statements. Forward-looking statements are subject
to risks, uncertainties, and other factors that could cause actual
results to differ materially from those contained in such
statements. Such risks, uncertainties, and factors include, but are
not limited to, future capital needs, changes, and delays in
product development plans and schedules, or market acceptance.
Contact:
Brittany Toole
800-915-0554
SOURCE Southern Home Medical, Inc.
