STUART, FL--(MARKET WIRE)--Jan 12, 2009 -- Liberator Medical Holdings, Inc. (Other OTC:LBMH.PK - News) recently announced that it is expanding its facility and headquarters located in Stuart, Florida.
The two-floor, 5,515 square-foot expansion will provide for an enhanced call center operations for sales, operations and support. The corporate office currently has 25,000 square feet of space, and a 7,000 square-foot retail store located in Stuart at 4260 SE Federal Highway. Work is scheduled to begin by late January 2009 and be completed in early spring.
Bayview Construction of Stuart was chosen as the general contractor for the facility expansion project at Liberator Medical Supply, Inc. Upon completion of the project, the Company which currently employs 100 people, will add more than 50 new jobs at its corporate headquarters in the Stuart Commerce Center located at 2979 SE Gran Park Way in Stuart.
Mark Libratore, CEO, stated, “During the recent tough times we are very pleased to be in what may be considered a recession proof business. We are also pleased to be working with Bayview Construction again who consistently delivers quality work on time.”
“At Bayview Construction, we’re excited to help Liberator Medical Supply grow its operations, and are pleased that the new addition will result in the creation of many new jobs on the Treasure Coast,” said Ken Ringe, president of Stuart-based Bayview Construction.
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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(TM) 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.
Contacts:
Liberator Medical Holdings, Inc. Mark Libratore President & CEO 772-287-2414 investors@liberatormedical.com
Investor Relations Contact Gerald Kieft or Ryan Audin Wall Street Resources, Inc. 772-219-7525 LiberatorIR@wallstreetresources.net http://www.wallstreetresources.net
Source: Liberator Medical Holdings, Inc.
