STUTTGART, GERMANY / CRWEPRESSRELEASE / August 13, 2015 /Medicus Homecare Inc. (OTCMKTS:MDCRE) (the “Company“) is pleased to provide a progress report on its new care center in Nuremberg, Germany.
Construction is nearly complete at the Company’s new 3500 square foot center in Nuremberg. All necessary equipment has been ordered and is expected to arrive in the coming days. The Company has also been successful in recruiting a team of nurses and care aids in order to meet its goal to open in September.
Due to strong demand for in-home care services in the region, the Company has been able to secure the first new patients for its opening. The Company expects the new center to reach full capacity within the next twelve months with the addition of twenty five to thirty new patients. This would be the equivalent of the patient load at the Company’s current Stuttgart location.
“I am extremely pleased with our progress on the build out of our new center. Having patients pre-booked and ready for transition into our centers will immediately give the Company positive revenue and earnings growth. With the opening of this new center in September, we are on track to meet our growth plan for the next twenty four months. This plan includes the opening of seven new care centers that would service a minimum of twenty-five patients each. The opening of this new location gives us the ability to double our current patient capacity instantly while filling the strong need for specialized in-home patient care in the area,” commented Dr. Karahodza.
The Company would also like to inform shareholders that it is working diligently with its audit and accounting teams to complete the necessary filings to bring the Company’s financial statements up to date and a news release will be issued as this is completed.
“I would like to assure the shareholders that we will be completing all necessary filings in order to bring the company to a current reporting status and I would like to thank shareholders for their patients and support. We have only a few outstanding items that are being completed by the Company’s staff and we expect them to be completed over the coming days,” stated Dr. Karahodza.
ABOUTMEDICUS HOMECARE INC.
The Company offers medical in-home care services in Germany including ventilation for patients that suffer from debilitating diseases such as Amyotrophic Lateral Sclerosis (ALS), Muscular Dystrophy (MD), Guillain-Barre syndrome (GBS), and Chronic Obstructive Pulmonary Disease (COPD). Other services provided by the Company include acute post-patient care, respiration optimization and monitoring of long-term home respiration.
On behalf of the Board,
Dr. Orhan Karahodza
Notice Regarding Forward-Looking Statements
This press release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. We are not in control of healthcare trends and prices and these could vary to make our business development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE:Medicus Homecare Inc.