STUART, FL--(Marketwire - April 02, 2009) - Liberator Medical Holdings, Inc. (OTCBB: LBMH)
-- The Business Development Board of Martin County (BDBMC) today announced
that it recently worked with Liberator Medical Supply to secure approval
for a Quick Response Training Grant from Workforce Florida. Liberator will
receive approximately $134,000 to help train the 200 new, permanent,
full-time employees it plans to hire during the next 24 months.
Liberator Medical was launched in 2000 as a mail order and retail medical
supply firm, and is a wholly owned subsidiary of Liberator Medical
Holdings, Inc. The company offers more than 5,000 products to
Medicare-eligible patient populations with chronic conditions requiring
repeat orders of maintenance supplies. Liberator currently has 121
employees; however, the company will add 200 new employees during the next
two years.
The Quick Response Training (QRT) Program is a state-funded grant program
that provides funding to targeted businesses to train their new, full-time
employees. Funding is provided in the form of a performance-based,
reimbursable grant that has a 24-month maximum term. A business pays for
pre-approved, direct training-related costs, and is reimbursed by the State
of Florida upon submission and approval of required documentation. Indian
River State College (IRSC) serves as the fiscal agent for the program in
their service area, and will assist with the required monthly reporting for
the duration of the grant. IRSC also helped the company with the
application. The grant will be administered by Workforce Florida.
The grant will enable Liberator to provide training for the approximately
200 new employees it will add during the next two years (this number
includes the 50-employee expansion that was announced in January 2009).
The new jobs will be in a variety of areas including sales support, IT,
customer service, shipping and receiving, and accounting/finance. For
anyone interested in applying for these positions, please contact Arlene
Torres at Workforce Solutions at (772) 214-3174, extension 101, or via
e-mail at atorres@tcjobs.com.
"The QRT program is designed to increase the competitiveness of Florida's
targeted businesses in the global economy," said Ron Bunch, executive
director of the Business Development Board of Martin County. "By working
with Martin County to expedite permits, Workforce Solutions, Workforce
Florida and IRSC, the BDBMC was able to help secure the Liberator Medical
Supply expansion and defray training costs for the company that can now be
reinvested in future expansion that will create jobs and diversify the tax
base in Martin County. Economic development is a collaborative effort, and
our partners worked seamlessly to make this a success for our community."
"The Business Development Board's guidance, support and coordination during
this process were invaluable," said Mark Libratore, founder and CEO of
Liberator Medical Supply. "Each member of their economic development team
worked diligently to support our company's goals. Martin County, in
particular, took a customer-focused, problem-solving approach to expediting
our permitting process to meet our time constraints. Through the BDBMC we
learned about the various support and resources available to expanding
businesses, and it was because of their leadership on the economic
development team that we are poised to train 200 new employees for our
organization."
The BDBMC is the county's official economic development organization and
Enterprise Florida, Inc. partner. More information about the organization
can be found by visiting www.bdbmc.org.
Stay up-to-date with current events by visiting our website
www.liberatormedical.com or by joining Liberator Medical's E-Mail Alert
List. Join by clicking the link below:
http://www.b2i.us/irpass.asp?BzID=1556&to=ea&s=0
About Liberator Medical Holdings, Inc.
Liberator Medical Holdings, Inc.'s subsidiary, Liberator Medical Supply,
Inc., established the Liberator brand as a leading national
direct-to-consumer provider of quality medical supplies to
Medicare-eligible seniors. An Exemplary Provider™ accredited by The
Compliance Team, its unique combination of marketing, industry expertise
and customer service has demonstrated success over a broad spectrum of
chronic conditions. Liberator is recognized for offering a simple, reliable
way to purchase medical supplies needed on a regular, ongoing, repeat-order
basis, with the convenience of direct billing to Medicare and private
insurance. Approximately 85% of its revenue comes from supplying products
to meet the rapidly growing requirements of general medical supplies,
personal mobility aids, diabetes, urological, ostomy and mastectomy
patients. Liberator communicates with patients and their doctors on a
regular basis regarding prescriptions and supplies. Customers may purchase
by phone, mail or internet, with repeat orders confirmed with the customer
and shipped when needed.
Safe Harbor Statement
Certain statements in this press release that are not historical, but are
forward-looking, and are subject to known and unknown risks and
uncertainties which may cause the Company's actual results in future
periods to be materially different from any future performance that may be
suggested in this press release. Such risks and uncertainties may include,
but are not limited to, the Company's need to raise equity capital and its
ability to obtain equity financing on acceptable terms, if at all,
regulatory limitations on the medical industry in general, working capital
constraints, fluctuations in customer demand and commitments, fluctuation
in quarterly results, introduction of new services and products, commercial
acceptance and viability of new services and products, pricing and
competition, reliance upon subcontractors and vendors, the timing of new
technology and product introductions, the risk of early obsolescence of our
products and the other factors listed under "Risk and Uncertainties" in our
annual report on Form 10-KSB for the fiscal year ended September 30, 2007
and our other filings with the Securities and Exchange Commission. We
assume no obligation to update the information contained in this news
release.
