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Arcadia appoints Lynn Fetterman as Interim Chief Financial Officer
SOUTHFIELD, Mich. - February 6, 2007 - Arcadia Resources, Inc. (AMEX: KAD) a leading national provider of home care, staffing services and related home care equipment, announced today that Lynn Fetterman has been named Interim Chief Financial Officer. Mr. Fetterman will continue in the position until a permanent Chief Financial Officer is named.
Fetterman has more than 30 years of experience in internal auditing, finance and senior management. He previously served as Chief Operating Officer and Chief Financial Officer of 360 Global Wine Company, as Chief Financial Officer of Nicola International, Incorporated, and as a partner in the Orange County, California practices of Tatum CFO Partners, LLP. He also served in senior management positions with ConAgra, Inc. and Canandaigua Brands, Inc. Fetterman received a B.A. in accounting from Thiel College in Greensville, Pennsylvania.
Commenting on Fetterman’s appointment, Arcadia Chairman and CEO John Elliott II said, “Lynn Fetterman’s proven leadership guiding the financial operations of several major national companies will provide a great asset to Arcadia’s expanding operations. We are proud and excited that he will join the Arcadia family.”
About Arcadia Resources
Arcadia Resources, Inc. is a national provider of home care services and products, including respiratory and durable medical equipment; non-medical and medical staffing, including travel nursing; a mail-order pharmacy; and a catalog of healthcare-oriented products, also available for purchase on www.arcadiahomehealth.com and other leading retailer websites. Through industry partnerships, the Company is also establishing walk-in routine (non-emergency) medical clinics inside of supercenter retail stores. Arcadia’s comprehensive solutions help organizations operate more effectively and with greater flexibility, while enabling individuals to manage illness and injury in the comfort of their own homes or through the convenience of local health care sites. For more information, visit: www.arcadiaresourcesinc.com.
Any statements contained in this release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21A of the Securities Exchange Act of 1934, as amended, if applicable to the Company, and otherwise within the meaning of court opinions construing such forward-looking statements. The Company claims all safe harbor and other legal protections provided to it by law for all of its forward-looking statements. Forward-looking statements involve known and unknown risks, estimates, uncertainties and other factors, which could cause actual financial or operating results, performances or achievements expressed or implied by such forward-looking statements not to occur or be realized, including our estimates of consumer demand for retail store health clinic services, required capital investment, build-out schedules, competition, and other factors. Actual results may differ materially from those anticipated or implied in the forward-looking statements, which speak only as of the date hereof. Additional information that could materially affect the Company may be found in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update or alter its forward-looking statements, except as may be required by law.
Media Contact: Walter Kraft at Caponigro Public Relations Inc. (248) 355-3200
