SOURCE: First Choice Healthcare Solutions, Inc.

First Choice Healthcare Solutions, Inc.

June 28, 2013 07:30 ET

First Choice Healthcare Solutions, Inc. Subsidiary Secures $1.5 Million A/R Line of Credit

MELBOURNE, FL--(Marketwired - Jun 28, 2013) - First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) (OTCBB: FCHS) announced today that its subsidiary, First Choice Medical Group, ("FCMG")has secured a $1.5 million A/R line of credit from CT Capital, Ltd. d/b/a CT Capital, LP.

Under the Loan Agreement, CT Capital has made an accounts receivable line of credit in the maximum aggregate amount of $1.5 million available to FCMG. For more information, please see the FCHS Form 8-K filed with the SEC at www.sec.gov.

First Choice Healthcare Solutions also satisfied over $400,000 of short-term debt obligations helping to improve the Company's financial condition and positioning the Company to attract future capital supporting greater growth in the Company's medical division, FCMG. Reducing the short-term debt obligations also allowed the Company to create more opportunity to lower the cost of future capital.

"This line of credit further strengthens our financial statments, providing additional funding for continued expansion and innovation, while strengthening our cash position as we pursue our goal of adding additional surgeons to our Center of Excellence in Melbourne Florida," stated Chris Romandetti, CEO of First Choice Healthcare Solutions.

First Choice Healthcare Solutions, Inc. (www.myfchs.com and www.myfcmg.com)
First Choice Healthcare Solutions, Inc., through its wholly owned subsidiary FCID Medical, Inc., is developing and acquiring multi-specialty medical centers. The Company is carving a new niche in the multibillion-dollar medical clinical service industry with specialized multi-specialty medical centers of excellence that offer an optimal mix of synergistic multi-specialty physicians combined with an array of diagnostic capabilities. More information is available at www.myfchs.com.

Forward-looking Statements
This press release contains statements which are forward-looking statements. Such forward-looking statements are based on current expectations, estimates, and projections about our industry, management beliefs, and certain assumptions made by our management. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates," variations of such words, and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.

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