News : Archives
Arcadia expands relationship with Wal-Mart; opening six more Arcadia Home Medical Supply centers
SOUTHFIELD, MI, September 29, 2006: Arcadia Resources, Inc. (Amex: KAD) is opening six more Arcadia Home Medical Supply centers inside Wal-Mart stores in Florida, New Mexico and Texas, continuing the expansion of its direct-to-consumer sales channels. The new locations, acquired from Companion Health Services, will join the St. Petersburg, Fla. Wal-Mart location that opened in August.
The stores provide durable medical and respiratory equipment, including sleep apnea equipment, nebulizers, and other in-home health care products, in addition to more than 1,000 patient safety items and mobility devices ranging from wheelchairs, scooters, stairway lifts and walkers, to orthopedic support, bathroom safety items and adjustable beds.
Arcadia is a leading national provider of home care and staffing services, home care products including respiratory and durable medical equipment, and retail operations that include walk-in health clinics, home health care centers,
and a home care product catalogue.
Arcadia Chairman and CEO John Elliott II said, “More than ever, consumers are looking for health care resources that allow them the opportunity to remain independent and in the comfort of their own homes. Arcadia Home Medical Supply is a logical extension of our focused efforts to expand our direct-to-consumer sales channels. We have similar centers inside locations of Sears, Roebuck and Co. in Michigan and provide walk-in, non-urgent medical care at Meijer locations in Michigan and Indiana.”
The new Arcadia Home Medical Supply centers will be located in the following Wal-Mart stores:
- Boynton Beach, Fla.
- Bradenton, Fla.
- Hialeah, Fla.
- Pompano Beach, Fla.
- Midland, Texas
- Albuquerque, N.M.
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.
Investor Contact: Tracey Wolf at Arcadia Resources, Inc., (239) 434-8884.
Media Contact: Walter Kraft at Caponigro Public Relations Inc., (248) 355-3200.
