ER Urgent Care Holdings, Inc. Increases Collection Revenues by 35%
19 September 2008 - 10:30PM
Marketwired
ER Urgent Care Holdings, Inc. (PINKSHEETS: ERUC) is pleased to
announce that the Company has increased its collection revenue by
approximately 35% during the second quarter of 2008. Over
$352,000.00 has been generated by our billing specialists.
Historically insurance companies create artificial obstacles to
slow payments, which result in long delays in the Company's receipt
of funds.
Several months ago, ER Urgent Care Holdings, Inc. retained the
services of a new collection specialist to assist with the
recouping of funds due the Company. The new relationship has
produced an increase in receipt of funds over the last four months
and reflects an even higher percentage over the same period in
2007. Additionally, the Company had received numerous
communications from stockholders about the preferred stock exchange
program.
"We are thrilled with the many calls we received about the stock
exchange offer. We predict that close to 1.5 billion shares will
participate in the Exchange Offering making it a highly successful
program," stated Mark Solomon, President of ER Urgent Care
Holdings, Inc.
Shareholders who still have questions about the preferred stock
exchange offer should contact Transfer Online. Even if you cannot
locate your certificates, there are still ways to participate. Due
to high interest from the stockholders and to provide ambient
opportunity for maximum participation in the exchange offer, the
Company has extended the deadline to October 15, 2008. A follow-up
release will explain all details.
To view the full terms of the Preferred Stock Exchange offer,
please visit the following link: www.erucc.net.
About ER Urgent Care Holdings Inc.:
ER Urgent Care Holdings Inc. operates ER Urgent Care Centers in
South Florida. The "true, bona-fide, Urgent Care Center" is a
one-stop shop where patients can receive premier health care and
after-hours care at a fraction of the cost of emergency room
visits. With the "Urgent Care Center" model emergency rooms will no
longer lose money on ER patients with minor injuries and illnesses
and the HMOs will no longer have to pay exorbitant claims for
non-admitted patients. ER Urgent Care Centers create a win-win
situation for everyone, filling the financial and service gap
between primary care physicians (PCPs) and hospital emergency
rooms.
Statements contained in this news release, other than those
identifying historical facts, constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 and the Safe Harbor provisions as contained in
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings,
technology efficacy, strategies and plans, are subject to safe
harbors protection. Actual Company results and performance may be
materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
Contact: ER Urgent Care Holdings, Inc. http://www.erucc.net/ Or
Call Investor Relations + 1-866-843-2775
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