SOURCE: Southern Home Medical Equipment, Inc.

October 09, 2007 08:15 ET

Southern Home Medical Equipment, Inc. Announces Appointment of Chief Financial Officer

SPARTANBURG, SC--(Marketwire - October 9, 2007) - Southern Home Medical Equipment, Inc. (PINKSHEETS: SHMM) is pleased to announce that the Company has retained the services of Steve Ayers as Chief Financial Officer. Greg Tucker, President and CEO of Southern Home Medical, stated, "We could not be more pleased to have Mr. Ayers joining our team. His level of expertise is exceptional. This appointment serves as a commitment to our long-term growth strategy."

Steve Ayers currently serves as CFO and Equity Partner for a Regional Gold's Gym franchise in the state of Florida. His responsibilities include capital funding, accounting systems & compliance, budgeting, IT and cash management. He will have similar responsibilities for Southern Home Medical. Mr. Ayers served for six years as the CEO and CFO of an eleven-entity real estate investment company and retail tire chain. In addition, he has two years of experience as a consultant for a private equity firm in which the owner was the CEO and Chairman of two (NYSE & CDNX) retail companies.

Mr. Ayers stated, "I am extremely excited to join Southern Home Medical as their Chief Financial Officer. I believe the company's business plan, coupled with the knowledge and talent of the management team presently in place, creates a tremendous opportunity for growth in shareholder value. My main objective will be to secure the Company a number of funding opportunities that should provide the resources necessary to significantly advance its business plan."

Mr. Ayers has a BS Degree from Pfeiffer University (1991), an MBA from Nova Southeastern (1997), and has been accepted into the Columbia University Executive Program in order to further study Corporate Accounting Compliance.

About Southern Home Medical Equipment, Inc.:

Southern Home Medical is a holding company with a focus on medical equipment and nurse staffing operations. Formed in January 2005, with its principal place of business in Spartanburg, S.C., Southern Home Medical will be expanding its operations through the acquisition of existing durable medical equipment companies and through the start up and support of Encore Medical Staffing businesses on a national level. Through its Health & Wellness Division, Southern Home is also poised to move into additional health, wellness, and fitness related businesses.


Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.

Contact Information