SOURCE: Ridgecrest Healthcare Group, Inc.

November 01, 2006 09:00 ET

Ridgecrest Healthcare Announces Office Expansion to Orange County

Continued Growth Necessitates Additional Office Space and Personnel

EL SEGUNDO, CA -- (MARKET WIRE) -- November 1, 2006 -- In its continuing development program, Ridgecrest Healthcare Group (PINKSHEETS: RGHG) has opened an additional office to accommodate approximately 15 professionals and support personnel in Orange County at Metro Center at South Coast, 535 Anton Boulevard, Costa Mesa, California. This office will position the company to better access and serve clients in the high growth areas of The Inland Empire and Orange and San Diego Counties.

Ridgecrest Healthcare Group will continue to maintain its Los Angeles presence in its El Segundo office.

Phil Dalton, CEO of Ridgecrest Healthcare Group, stated, "The opening of this office serves to assist our company to further expand our various brands including MDS Consulting & Finance, MDS Healthcare Valuation & Compliance, MDS Interim Management, MDS Healthcare Advertising Services, MDS Conference Services and Ridgecrest Healthcare Ventures."

Ridgecrest Healthcare Group, Inc. is a healthcare management services company that works with large healthcare providers, healthcare companies, government and related companies and organizations. Ridgecrest further seeks to acquire and operate healthcare management companies and leverage its relationships and strategic and financial expertise to enhance and grow these enterprises.

For more information on Ridgecrest Healthcare Group, Inc., please visit our website at:

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

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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