SOURCE: Complete Care Medical, Inc.

March 13, 2008 16:49 ET

Complete Care Medical Addresses Temporary Trading Suspension

HOUSTON, TX--(Marketwire - March 13, 2008) - Complete Care Medical, Inc. (PINKSHEETS: CCMI) Announced that trading was temporarily suspended for ten days in our securities today as the result of an administrative action taken by the SEC. It is the SEC's responsibility to monitor and insure the integrity of authority given companies to trade their securities publicly. Specifically, private companies that are now trading publicly that are doing so as the result of a merger with a company that is or was a publicly traded company. In that regard, an administrative action was taken today to allow the SEC, and the companies that are identified in the action, which includes CCMI, time to document and resolve any issues of compliance with the rules that govern transactions such as "reverse mergers." The SEC's temporary order to halt trading is done to protect the public from investing in securities that may not have met all of the conditions required to be traded. Especially, in cases where "private" companies become "public" companies and are traded as such subsequent to a merger with a "public" company.

Lanny McCandles, CFO of Complete Care Medical, states, "We have spoken this morning with the SEC and provided the history and details of our merger transaction and supplied it all the relevant information and data we have on hand to assist the Commission in whatever way we can to expedite its review. The suspension is an administrative action taken by the SEC in the normal course of its business and we don't object to this action. It is part of the process of providing assurances to public that they can rely on the trading system and on the SEC to enforce compliance with the rules even if the matters of compliance are just matters of documentation or confirmation of any entity's compliance with the rules that govern publicly traded securities. That is what we believe we are dealing with in this instance. We would always expect oversight from the SEC as a normal consequence of doing business as a public company and it's in the best interest of the public and our shareholders. We expect the process to take only a short time and we will keep the public and our supporting brokers and dealers informed as to the progress and resolution of this review as it proceeds and concludes."

Complete Care Medical, Inc. is goal oriented to provide cost effective direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company has several divisions designated to deal with disease specific illnesses in the United States and South America.

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:

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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