Alegro Health Corp.
TSX VENTURE : AGO

Alegro Health Corp.

November 28, 2006 15:11 ET

Alegro Health Corp. Reports 2006 Third Quarter Results

TORONTO, ONTARIO--(CCNMatthews - Nov. 28, 2006) - Alegro Health Corp. (TSX VENTURE:AGO) a Canadian health services provider today reported its fiscal 2006 third quarter results. Revenue for the three months ended September 30, 2006 rose 13.3 % to $2,651,346 compared to $2,340,021 recorded for the same period the prior year. The Company recorded a net profit for the three month period of $53,161 compared to $42,700 for the same period in 2005.

Consolidated nine month, pre-tax income rose to $572,157, as opposed to a loss of $490,174 for the same period in 2005.

The company's Disability Management Division, comprised of (Work Able Centres and Direct Health Solutions Inc.) reported increased revenue. Work Able showed a small increase of revenue to $1,480,425, compared to $1,410,271 compared to the same period in 2005. Direct Health Solutions Inc. reported revenue of $508,427 compared to $481,860 last year.

Revenue at the Don Mills Surgical Hospital increased to $724,523 in this quarter compared to $447,890 in the third quarter of 2005. This growth in revenue was mostly driven by increased HIFU prostate cancer treatment procedures.


"With change and uncertainty in the third party and government sponsored markets over the past two years, we have been focusing on internal growth. There now appears to be a balance returning to these markets The Company is now positioned to actively pursue additional growth opportunities and compatible acquisitions to augment our existing range of health care services." stated Brenda Rasmussen. President and CEO of Alegro Health Corp.

Alegro cannot guarantee that any forward-looking statements contained in this news release will materialize. Nor is it possible for Alegro to commit itself to updating information about risks and other factors pertaining to its business that might appear in this or any other public disclosure documents.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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