Standard Management/Universal Healthcare Company, LLC Names President
04 May 2007 - 7:06AM
PR Newswire (US)
INDIANAPOLIS, May 3 /PRNewswire-FirstCall/ -- Standard Management
Corporation ("Standard Management" or the "Company") (Pink Sheets:
SMAN, SMANP), an Indiana based management company, announced today
that through Universal Healthcare Company, LLC ("Universal" or
"UHCC"), that Mark B.L. Long, Executive Vice President, Pharmacy
Operations of Standard Management has been named President of
Universal. (Logo:
http://www.newscom.com/cgi-bin/prnh/20010416/STANDARDLOGO )
Standard Management is the managing partner of Universal Healthcare
Company, LLC and has a management agreement for the daily
operations of Universal. Ronald D. Hunter, Chairman and Chief
Executive Officer stated, "Mr. Long's experience in managing
pharmacy operations provides Universal with the necessary
leadership in today's rapidly growing marketplace." Mr. Long
commented, "With a robust pipeline and several acquisitions under
consideration, we are positioned to achieve our stated objectives
in the long- term care sector of pharmaceutical products and
services." Cautionary Note Regarding Forward Looking Statements
This press release contains "forward-looking statements" within the
meaning of section 27A of the Securities Act of 1933. The use of
the words "believe," "expect," "anticipate," "intend," "may,"
"estimate," "could," "plans," and other similar expressions, or the
negations thereof, generally identify forward-looking statements.
Forward-looking statements in this press release include, without
limitation, the performance and growth of our business, potential
future acquisitions, and their impact on the Company's performance.
These forward-looking statements are subject to known and unknown
risks, uncertainties and other factors, which could cause actual
results to be materially different from those contemplated by the
forward-looking statements. Such factors include, but are not
limited to, our ability to expand our health services business both
organically and through acquisitions, including our ability to
identify suitable acquisition candidates, acquire them at favorable
prices and successfully integrate them into our business; general
economic conditions and other factors, including prevailing
interest rate levels and stock market performance, which may affect
our ability to obtain customer response to new products,
distribution channels and marketing initiatives; and increasing
competition in the sale of our products. We caution you that, while
forward-looking statements reflect our good faith beliefs, these
statements are not guarantees of future performance. In addition,
we disclaim any obligation to publicly update or revise any
forward- looking statement, whether as a result of new information,
future events or otherwise, except as required by law. Standard
Management is a holding company headquartered in Indianapolis,
Indiana. Information about the Company can be obtained by calling
the Investor Relations Department at (317)-574-6224 or via the
Internet at http://www.sman.com/.
http://www.newscom.com/cgi-bin/prnh/20010416/STANDARDLOGO
http://photoarchive.ap.org/ DATASOURCE: Standard Management
Corporation CONTACT: Matthew Katz, Investor Relations, for Standard
Management Corporation, +1-317-574-6224 Web site:
http://www.sman.com/
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