AMS Homecare Inc.
OTC Bulletin Board : AHCKF

AMS Homecare Inc.

October 25, 2005 07:00 ET

AMS Homecare Reports Q2 Revenue Increases

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 25, 2005) -

- AMS reports Earnings of $292,503 dollars for Q2 UP 605%

- AMS reports Sales increase of 41.1% for Q2

AMS Homecare Inc. (OTCBB:AHCKF) today reported Net sales for the quarter ended August 31, 2005 increased by $646,946 or 41.1% to $2,220,403 compared to $1,573,457 for the same period last year.

The company recorded quarterly earnings before income taxes of $292,503 compared with earnings of $41,491 for the same period last year representing an increase of $251,012.

Net working capital increased by $504,638 for the reporting period to $1,482,872 as compared to $978,235 as at February 28, 2005.

The Company is also pleased to report that the 65Plus retail outlet in Bellevue, Washington received approval from the Washington Board of Pharmacy and is due to open for business in approximately two weeks. Negotiations and progress continues to be made with Wireless2000, Vytron and TotalTrakUSA with regards to previous announcements. "We are pleased with the continued sales increases in the business and we expect that the 65PLUS store opening will further increase sales for the Company in the coming year," stated, Rani Gill, President.

Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States. More information is available at

Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act. Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated to update its forward-looking statements.

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