SOURCE: ER Urgent Care Centers

June 19, 2008 09:10 ET

ER Urgent Care Centers Provides Letter to Shareholders

MIAMI, FL--(Marketwire - June 19, 2008) - ER Urgent Care Centers (PINKSHEETS: ERUC) - Mark Solomon, Esq., ERUC President, would like to take the opportunity to reflect on a number of ongoing questions from our shareholders. The first and most important question is regarding a reverse. He reported that the ERUC Board of Directors has made a definite commitment that there will be no reverse in the foreseeable future, dispelling any rumors to the contrary. The company presently has 2,029,982,369 shares of common stock outstanding as of June 15, 2008.

A number of shareholders have discussed our growth and how it has not been sufficiently recognized. In 2004 ERUC had revenues of $630,089.00; in 2005 the revenues rose to $1,404,229.00 more than double. In 2006 revenues reached $2,300,007.00; in 2007 revenues were $2,698,326.00. In the category of total assets in 2004 ERUC had $269,425.00 and rose to $966,500.00 in 2005. In 2006 total assets reached $2,856,855.00 and in 2007 they rose to $3,917,065.00. Mr. Solomon added that the company's patient population has experienced steady growth, but the collections often slowed by the machinations of insurance carriers, whose specialty seems to be to delay payments. Mr. Solomon concluded the company will be updating its Pink Sheet disclosure by the end of the week and that it has retained new Securities counsel, Frohling Associates, LLC of Newark and Jersey City, New Jersey. Mr. Frohling is a former member of the General Counsel staff of the SEC and has been a specialist in the securities field for over forty years. We hope to continue fruitful dialog with our shareholders so we may continue to build ERUC as a leader in healthcare.

The ERUC Board of Directors

Mark Solomon, Esq. President
Ronald Lubetsky, M.D. Director
Charles Neustein, Esq. Director

About ER Urgent Care

ERUC Management Company Inc. operates ER Urgent Care Centers in the South Florida area. The "true, bona-fide," "Urgent Care Center" is a one-stop-shop where patients can receive premier health care, after-hours, at a fraction of the cost of emergency room visits. With the "Urgent Care Center" model emergency rooms will no longer lose money on ER patients with minor injuries and illnesses and the HMOs will no longer have to pay exorbitant claims for non-admitted patients. ER Urgent Care Centers create a win-win situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.

For more information visit our Web site at www.erucc.net or sign up for the corporate newsletter at http://www.erucc.net or visit our locations at:

700 Ives Dairy Rd.
North Miami Beach, Fl. 33179

213 North Federal Highway
Hallandale Beach, Fl. 33009

15463 SW 137th Ave.                   Doctors Family Medical
Kendal, Fl. 33177                     5535 Memorial Highway
                                      Tampa, Fl. 33634
1041 71st Street
Miami Beach, Fl.                      Doctors Family Medical
                                      431 SW Blvd North
ER Urgent Care Center Tampa           St. Pete., Fl. 33703
5535 Memorial Highway #101
Tampa, FL. 33634                      Er Urgent Care Center St. Pete
                                      431 SW Blvd. North Suite A
                                      St. Pete., Fl. 33703

ER Urgent Care Center is a provider for Amerigroup, Avmed, Humana, Aetna, Medicaid/Medipass/Medi-Kids, Total Health Choice, United Health Care, Beech Street, Dimension Health, Assist Card, Cigna, Corvel, Health Insurance Plans and many more.

This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products, which we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

For franchising and corporate information please contact us toll free at 1-877-303-3500

Contact Information

  • Contact Information:
    ER Urgent Care Centers
    1-877-303-3500