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American CareSource Holdings Reports 225% Increase in Revenues for Second Quarter 2008

SOURCE:

American CareSource

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. (AMEX: XSI)

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.

Contact:
Steven J. Armond
Chief Financial Officer
American CareSource Holdings, Inc.
Tel: 972-308-6847

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