NEW YORK, July 26 /PRNewswire-FirstCall/ -- MT Ultimate Healthcare (OTC Bulletin Board: MTHC), an emerging healthcare staffing and services provider, announced today that it has signed a letter of intent to acquire Abundant Nursing, Inc., a four year old, locally owned medical staffing business in Pennsylvania. According to the terms of the agreement, MT Healthcare will acquire 100% of the Company and Abundant Nursing, Inc. will become a subsidiary of the company.
MT Ultimate Healthcare President and CEO MacDonald Tudeme said, “Our continued plan for expansion is to make these important strategic acquisitions. This important acquisition allows for access to a host of established clientele and providers in the State of Pennsylvania and has the potential to rapidly produce top-line improvements for MT Healthcare.”
Tudeme continued, “Last year, Abundant Nursing’s sales topped over $1.24ml. Sales in the first 4-1/2 months are up 29% from $389,413 in 2003 to $504,168 in 2004. With the infrastructure already created by MT Ultimate Healthcare, Abundant Nursing can be expected to rapidly contribute several million in sales over the next year.”
Abundant Nursing is an established care provider in the Central area of Pennsylvania and Lancaster area, located in Mount Joy, Pennsylvania, providing clients with superior quality medical related services, such as providing nursing staff to retirement facilities and is in compliance with all regulatory requirements.
About Abundant Nursing, Inc.
Abundant Nursing, Inc., established in January 2000, is located in Mount Joy, PA. Abundant Nursing is a temporary staffing service, with a present active list of 58 nurses, primarily providing nursing staff to retirement facilities and providing in-home care in the Central Pennsylvania and Lancaster areas.
More information can be found at: http://www.abundantnursing.com/ About MT Ultimate Healthcare
MT Ultimate Healthcare provides skilled, professional health care services to patients requiring in-home care. The Company also supplies supplemental staffing to hospitals, nursing homes and healthcare facilities to aid in handling excess workloads. MT Ultimate Healthcare is licensed to provide skilled healthcare services in the state of New York and provides a superior solution to healthcare staffing needs, because it provides qualified professionals on an as-needed, same-day basis and assumes all obligations of the employer. The Company is a natural source of skilled home health care assistance because of its established relationship with healthcare facilities.
For more information, visit http://www.mthealthcare.com/
Safe Harbor Statement: Statements in this press release concerning the Company’s business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are “forward-looking statements” as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company’s database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors.
Contact: MT Ultimate Healthcare MacDonald Tudeme, President and CEO mac@mthealthcare.com 718 943 3400
MT Ultimate Healthcare
CONTACT: MacDonald Tudeme, President and CEO of MT Ultimate Healthcare,+1-718-943-3400, mac@mthealthcare.com
Web site: http://www.mthealthcare.com/
