SOURCE: Complete Care Medical, Inc.

January 08, 2007 07:30 ET

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

HOUSTON, TX -- (MARKET WIRE) -- January 8, 2007 -- Complete Care Medical, Inc. (PINKSHEETS: CCMI) announced today it has raised money from the sale of restricted stock according to Rule 144. The restricted shares were priced at a 100% premium to its current market price. Complete Care Medical will use the funds to accelerate its advertising and marketing campaigns.

"Complete Care Medical has made great strides during the last several months. This equity infusion shows investor confidence and conviction in our company. As a rapidly growing business there is always a need for capital. The investors who participate through restricted stock are showing their understanding of our business and their commitment to Complete Care Medical. These funds will continue to assist us in accelerating some of our advertising and marketing plans which will in turn accelerate our growth," 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 Medical's discount services and medication program offer healthcare payers, healthcare providers, healthcare professionals, and patient's 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.

Contact Information