SOURCE: Bederra Corporation

Bederra Corporation

August 24, 2010 09:00 ET

Bederra Corporation Management Discusses Recent Events and Financial Statements

HOUSTON, TX--(Marketwire - August 24, 2010) -  Bederra Corporation (PINKSHEETS: BEDA), a Houston, Texas-based, diversified medical services provider, discusses recent events in detail below.

The company released its June 30, 2010 quarterly financials. As mentioned in the Management Discussion part of the filings, the financials of its recent acquisition, Texas Mobile Health (TMH), were included. The company has not been able to achieve the level of sales it had anticipated due to the overall unemployment situation causing loss of insurance benefits and therefore lower patient visits to doctors. Also, the recently passed Healthcare Legislation has caused many physicians, particularly in Texas, to opt out of Medicare therefore causing TMH to lose several doctor clients. In addition to all of this, Medicare has cut back reimbursements by 30-40%.

TMH is exploring other areas of diagnostic testing services to increase sales and these areas will be discussed in future releases.

The company reported that it had received a subpoena from the SEC. The subpoena requests certain information concerning the recently reported short selling activities in the company's common stock and historical stock issuances. Management is fully cooperating with the Commission and will provide it information that management has compiled including weekly DTC Securities Positions Reports, its most recent NOBO list, registered shareholder list, reports and information from and spreadsheets prepared by management together with records requested of the company's former transfer agent. Management also reiterated that it intends to maintain its Pink Sheets Current Information status as the company's minimum level of transparency and disclosure as it continues to grow its business internally and through acquisitions.

As previously stated, the company's long-term goal is to become a fully reporting company and has begun this process by achieving Pink Sheet Current Status.

About Bederra Corp.
Bederra Corporation provides multiple modality diagnostic medical imaging services to the greater Houston area and the world famous Texas Medical Center. The Company's business strategy is to continue to expand its current operations and seek out additional acquisitions that will complement its core offerings.

Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products and services in development, including any planned acquisitions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.

Contact Information