SOURCE: Complete Care Medical, Inc.

February 06, 2007 07:30 ET

Complete Care Medical, Inc. Announces Additional Equity Investment Completed Through Sale of Restricted Stock

HOUSTON, TX -- (MARKET WIRE) -- February 6, 2007 -- Complete Care Medical, Inc. (PINKSHEETS: CCMI) announced today it has raised additional capital from the sale of restricted stock according to Rule 144. The restricted shares were priced at a premium to the market price the day of the transaction. Complete Care Medical will use the funds to increase inventory and accelerate its advertising and marketing campaigns.

"We are excited to have another investor commit to our cause by investing in restricted stock. Currently we are in an excellent financial position as our plans to move the company into a fully reporting status are working congruently with the acceleration of our marketing and advertising programs," said J.P. Monteverde III, President and CEO of Complete Care Medical, Inc.

Complete Care Medical, Inc. is goal oriented to provide cost effective and convenient direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company's focus is disease specific medical supplies, pharmaceuticals and nutrition.

About Complete Care Medical, Inc.

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 Medicals discount services and medication program offer healthcare payers, healthcare providers, healthcare professionals, and patients easy access to utilization and compliance data in order to improve patient outcomes and 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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