MOBILE, Ala., Jan. 5, 2012 /PRNewswire/ -- HASCO Medical, Inc. (OTCBB: HASC), www.mysouthernmed.com, www.mobilityfreedom.com, a managed healthcare provider that serves patients in Alabama, Florida, and Mississippi, today provided shareholders with a corporate update from the Company's CEO, Hal Compton, Jr.
I would like to take this opportunity to update you on the calendar year 2011 and the Company's current standing.
It was a record sales year for HASCO Medical, Inc. and its subsidiaries. HASCO Medical, Inc. grew this last year with four major acquisitions from a little over $2 million in sales in 2010 to over $14 million (unaudited) in 2011 comparative. HASCO Medical, Inc. continued to follow its successful strategy of acquisitions in 2011 with the purchase of Mobility Freedom, Wheelchair Vans of America, (www.wcvans.com), Certified Medical and Certified Auto. Each of these acquisitions was cash flow positive and profitable from day one. All four of these acquisitions helped strengthen the core of our business which is to improve the quality of living for our customers. I am particularly excited about Mobility Freedom and Wheelchair Vans of America because it allows HASCO to enter a business that gives us the opportunity to service customers we have not serviced in the past and an exciting opportunity for future growth.
Our vision going forward continues to be to provide the best possible service to our customers now and in the future, and fulfill their needs whether it be for durable medical equipment, adaptive driving equipment, or wheelchair accessible vans for purchase or rental. During 2012, we will continue to seek to find accretive acquisitions to grow the Company as well as continue to grow the Company organically with new product offerings. We will explore strategic partnerships and alliances that will allow us to expand our offerings and minimize our fixed overhead. Our Company continues to have the vision to be a consolidator in a very fragmented industry.
We are working on a new website to make it easier to find any information or services from any of HASCO Medical, Inc. subsidiaries. We should be launching HASCOMed.com within the next 30 days. We are very excited as we look forward to 2012 and all of the opportunities it offers HASCO Medical, Inc.
Thank you for your continued support and I look forward to keeping you updated with our progress in 2012 as we continue to grow HASCO Medical.
Hal Compton, Jr.
About HASCO Medical, Inc.
HASCO Medical ("HASC" or the Company) provides products and services that dramatically improve the quality of living for its customers. The Company's products and services include the sale of durable medical equipment, home respiratory equipment and the sale or rental of wheelchair accessible vans for which it provides custom conversion services. The Company operates in the South Eastern portion of the United States including Alabama, Mississippi and Florida. The Company's objective is to be a leading provider of home health care products and services in the continental United States.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify those so-called "forward looking statements" by words such as "may," "will," "should," "expects," "plans," "targets," "believes," "anticipates," "estimates," "predicts," "potential," or "continue" or the negative of those words and other comparable words. These forward looking statements are subject to risks and uncertainties, product tests, commercialization risks, availability of financing and results of financing efforts that could cause actual results to differ materially from historical results or those anticipated. Further information regarding these and other risks is described from time to time in the Company's filings with the SEC, which are available on its website at: http://www.sec.gov. We assume no obligation to update or alter our forward-looking statements made in this release or in any periodic report filed by us under the Securities Exchange Act of 1934 or any other document, whether as a result of new information, future events or otherwise, except as otherwise required by applicable federal securities laws.
SOURCE HASCO Medical, Inc.