American CareSource Holdings Reports 225% Increase in Revenues for Second Quarter 2008
2008-07-23 06:05:00
American CareSource Holdings Reports 225% Increase in Revenues for Second Quarter 2008
DALLAS, TX–(EMWNews – July 23, 2008) – American CareSource Holdings, Inc. (
today reported a 225% increase in revenues to approximately $13.0 million
for the second quarter ended June 30, 2008 compared to approximately $4.0
million in the same period last year. The Company’s second quarter
revenues also represent a 13.1% improvement over first quarter 2008
reported revenues of $11.5 million.
“These results are reflective of the progress we have made over the last
year in developing our business model. Our focus on providing a broad and
growing array of outsourced ancillary care services as a solution to
lowering our client’s overall healthcare costs is resonating in the
marketplace. As our client base and reputation build, we expect this
positive momentum to accelerate. Our results in this quarter and for the
first half of the year further substantiate that we remain on track to
exceed our initial guidance of $50 million in revenues for the full year,”
noted David S. Boone, Chief Executive Officer of American CareSource.
American CareSource will host a conference call to discuss the second
quarter financial results on Thursday, August 14, 2008 at 10:00 a.m.
central time. The Company will issue a press release reporting full
financial results the same morning.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly traded ancillary
care network services company offers a comprehensive national network of
approximately 2,500 ancillary service providers at over 25,000 sites. The
Company’s ancillary network and management provides a complete outsourced
solution for a wide variety of healthcare payors and plan sponsors
including self-insured employers, indemnity insurers, PPOs, HMOs, third
party administrators and both federal and local governments. For additional
information, please visit www.anci-care.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of
1995:
Any statements that are not historical facts contained in this release are
forward-looking statements. It is possible that the assumptions made by
American CareSource Holdings, Inc. for purposes of such statements may not
materialize. Actual results may differ materially from those projected or
implied in any forward-looking statements. Such statements may involve
further risks and uncertainties, including but not limited to those
relating to demand for our services, pricing, market acceptance, timing,
issues relating to client implementation and the effect of economic
conditions, competition and other risks identified in this release, and the
Securities and Exchange Commission filings of American CareSource Holdings,
Inc.
Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89
Get Unlimited Organic Website Traffic to your Website
TheNFG.com now offers Organic Lead Generation & Traffic Solutions