SOURCE: Complete Care Medical, Inc.

February 26, 2008 07:45 ET

Complete Care Medical Releases Consolidated Comparative Financial Statements for the Year Ending December 31, 2007

HOUSTON, TX--(Marketwire - February 26, 2008) - Complete Care Medical, Inc. (PINKSHEETS: CCMI) announces the release of Consolidated Comparative Financial Statements for the twelve month period ending December 31, 2007.

Lanny McCandles, Chief Financial Officer of Complete Care Medical, Inc. stated, "We have just released Consolidated Comparative Financial Statements for the twelve months ending December 31, 2007. It is very encouraging and exciting that the last quarter of the year was significant enough in terms of gross revenues to nearly push the company into profitability for the entire year. The company (pre-audit) will show a small annual loss in comparison to the substantial loss recorded last year. It is important to note that this is a trend that began in the second quarter of the year and has been sustained through the third and fourth quarters of the year."

CFO McCandles continued, "We are planning on enhancing our ability to sustain periods of profitability by reducing the costs of managing the company's billing and collections process and by reducing overhead in the areas of customer service and patient management early in the coming year. We do not plan to borrow heavily or place new equity during the coming year, but rather meet our operations and growth needs for capital through operations income and thus, is a reason for great excitement for us at this time."

J.P. Monteverde III, President and CEO of Complete Care Medical, Inc., stated, "Last year we worked hard to reduce debt and increase revenue. Our patient acquisition campaign started later than we expected, but produced positive results. This year we are looking forward to enhancing our patient acquisition campaign and significantly increasing revenue."

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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