SOURCE: Medical Institutional Services Holdings, Inc.

March 10, 2008 16:05 ET

Medical Institutional Services Starts Trading Today, March 10, 2008

Symbol MIHS

FORT LAUDERDALE, FL--(Marketwire - March 10, 2008) - Medical Institutional Services (PINKSHEETS: MIHS) (MIHS) is proud to announce effective immediately its shares are now publically traded. Its symbol is MIHS. Medical Institutional Services, Inc. is headquartered in Fort Lauderdale, Florida.

Medical Institutional Services is a wholesale distributor of medical supplies to physicians' offices, clinical laboratories and hospitals.

Physician offices traditionally purchase medical supplies from companies that are able to consolidate their orders and provide the best pricing. MIS has changed the old fashion supply representative method and launched a Physician network system. All services will be provided via the web accessed through our web site, Representatives will be available for personal visits with physicians upon necessity. MIS is also part of a 17,000-physician network for instant ordering via the web, with 24 hour delivery.

Clinical Laboratories are the second largest sector of the MIS market. This market consists of two distinct segments. The first is physician-owned labs based within the physicians' offices. The second is Clinical Labs owned by corporations independently of the physicians. These groups also have access to the web ordering system.

Hospitals are the largest volume portion of our revenues. MIS has been awarded a Minority Business Certificate wherein the company can bid on major contracts with hospitals the size of the North Broward Hospital District with over $35,000,000 in minority business. MIS will be expanding its bids to hospital companies nationwide.

Urgent Care Facilities are also one of the fastest growing segments of our client base. Urgent care centers are opening at an astounding rate nationwide. The average urgent care center will purchase approximately $10,000 worth of product monthly.

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 the enhancement of our services and statements about future market conditions, supply and demand conditions and other expectations, intentions and plans contained in the press releases that are not historical fact and involve risk 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 the 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 risk and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.

Contact Information

  • Contact:
    Frank Blanco
    Ulysses Felder