ATC Announces Plan to Add Twenty Investor-Backed Offices
01 February 2006 - 12:45AM
Business Wire
ATC Healthcare, Inc. (AMEX:AHN), a national leader in medical
staffing, announced today that it plans to open twenty new licensed
offices in the next 24 months with an investor group that will
provide $2.5 million of financial backing for qualified managers.
Senior management at ATC will participate with the outside
investors in the funding of these new locations. ATC is actively
looking for staffing entrepreneurs who have the experience and
drive to rapidly grow their marketplaces and earn the right to own
equity in the licensed operation. The first location will be Oak
Park, Illinois, which is ideally suited to serve the large and
expanding metropolitan Chicago medical community. "We are very
excited to have experienced and savvy investors committed to this
extensive and leading edge business development program at ATC,"
remarked David Savitsky, CEO. "While the majority of the funding
will come from the outside investment group, senior management of
ATC will also participate in each license. This shows that a high
level of confidence in the program is shared within and without
ATC. We can now look for the highest caliber entrepreneurs in the
industry, those who want the opportunity to earn equity shares from
their success in building substantial medical staffing businesses
in their local markets." About ATC Healthcare, Inc. ATC is a
national leader in medical staffing personnel to hospitals, nursing
homes, clinics, and other health care facilities with 52 locations
in 31 states. ATC provides supplemental staffing, outsourcing and
human resources solutions to hospitals, nursing homes, medical and
research facilities and industry. Drawing from a pool of over
15,000 healthcare professionals spanning more than 50 specialties,
the Company supplies both clinical and non-clinical personnel for
short-term, long-term, and "traveling" contract assignments. To
learn more about the company's services, visit their web site at
www.atchealthcare.com. This press release contains forward-looking
statements. Actual results could differ materially from those
projected in the forward-looking statements. Additional information
concerning factors that could cause actual results to differ
materially from those in the forward-looking statements is
contained in ATC Healthcare, Inc. Annual Report on Form 10-K/A for
the year ended February 28, 2005 as filed with the Securities and
Exchange Commission on September 26, 2005.
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