SOURCE: Complete Care Medical, Inc.

August 07, 2006 10:05 ET

Complete Care Medical Retains Grace Holdings Company as Strategic Consultant

HOUSTON, TX -- (MARKET WIRE) -- August 7, 2006 -- Complete Care Medical, Inc. (PINKSHEETS: CCMI) announced today the hiring of Grace Holding Company as a consultant. "We are excited about the opportunities that Grace will provide in establishing business opportunities and strategic relationships in the United States and South America," said J.P. Monteverde, CEO of Complete Care Medical.

Complete Care Medical, Inc. is goal oriented in its efforts to provide cost effective, direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company is currently working on launching new divisions to deal with disease specific illnesses in South America.

"We look forward to working with CCMI. After reviewing their business plans and management team, we feel that we can provide assistance in several key areas that will enable CCMI to successfully expand its operations and increase revenue," said Carol L. Cowal, President of Grace Holding Company.

About Complete Care Medical, Inc.

Through its subsidiaries, Complete Care Medical, Inc. provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offers healthcare payers, healthcare providers, healthcare professionals and patients with easy access to utilization and compliance data in order to improve patient outcomes and improve quality of life. Website: www.ccmedicalinc.com

About Grace Holding Company

Grace Holding Company was founded approx. 10 years ago for the purpose of holding patented information, proprietary technologies, and intellectual property in the areas of Engineering and Medical technologies. Having strong international ties with manufacturing countries such as China and South American countries such as Brazil and Mexico, GHC is able to provide strategic relationships for all levels of corporate arenas where strategic supply side joint ventures and limited partnerships provide win-win case scenarios. Having the ability to locate potential institutional funding for their strategic relationships results in a complete package for the companies GHC consults.

Forward-Looking Statements: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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