SOURCE: Millennium Healthcare Inc.

Millennium Healthcare Inc.

March 21, 2016 08:00 ET

Millennium HealthCare, Inc. Appoints Veteran Executive Louis J. Resweber as CEO

MELVILLE, NY--(Marketwired - Mar 21, 2016) - Millennium HealthCare, Inc. (OTCQB: MHCC), a developer and distributor of healthcare services, medical devices and healthcare technology, today announced the appointment of Louis J. Resweber as Chief Executive Officer, effective immediately.

Dominick Sartorio, Executive Chairman, stated, "We are thrilled to welcome Lou to our team. Millennium has been actively working to enhance its executive management team, and Lou is an excellent addition, bringing his many years of experience growing NYSE and NASDAQ listed companies. We look forward to continuing to build the Millennium team with the right talent and sharing their experience with our shareholders."

Mr. Resweber brings over 25 years of experience in corporate management to Millennium, including time serving as an officer or board member to numerous NYSE and NASDAQ listed public companies. Additionally, he currently serves as Chief Operating Officer of ESP PetroChemicals, Inc. and as Managing Director of LJR Security Services and LJR Capital Management, LLC.

TRACK RECORD - Prior Capital Markets Experience of Lou Resweber

Company   Industry   Stock High / Low   Increase   Symbol   Exchange
ESP PetroChemicals / Pelican Security
Chief Operating Officer / Founder, Chairman, CEO
  Energy / Security               Privately Held
Westmark Group Holdings, Inc.
Chairman of the Board
  Finance   $1.75 - $3.09   77%   WGHI   NASDAQ
Network Long Distance / Acquistion Corp
President & CEO
  Telecom   $5 - $16   220%   NTWK   NASDAQ
United Companies Financial Corp.
Senior Vice President, Capital Markets
  Finance   $16 - $132   725%   UCFC / UC   NASDAQ / NYSE
Cabot Oil & Gas Corp.
Vice President (Hill & Knowlton)
  Energy   $11 - $21   91%   COG   NYSE
Arkla Exploration Co.
Vice President, Capital Markets
  Energy   $14 - $21   50%   ARK   NYSE
Ark-La / NorAm Energy (now: NRG / Reliant Energy)
Vice President, Office of the Chairman
  Energy   $16 - $28   75%   NOA   NYSE
Entex Gas, Inc. (now: CenterPoint Energy)
Vice President, Capital Markets
  Energy   $22 - $28   27%   ETX   NYSE
Goodyear Tire & Rubber Co.
Manager, Capital Markets
  Manufacturing   $19 - $76   300%   GT   NYSE
Celeron Oil & Gas (now: Plains / All American Pipeline)
Manager, Capital Markets
  Energy   $14 - $37   164%   CEL   NYSE

Previously, Mr. Resweber served as Chairman of the Board, President and Chief Executive Officer of Pelican Security Network, which he built from a start-up into the 36th largest provider of electronic security in the nation, in an industry with more than 14,000 licensed participants.

Prior to that, he was Chairman of the Board of Westmark Group Holdings where he completed the company's reorganization as a nationwide financial services concern. As President and CEO of Network Acquisition Corp., a telecommunications company, he engineered a series of 17 successful mergers and acquisitions, helping to convert the company into the fastest-growing participant in its industry.

As Senior Vice President, Capital Markets for United Companies Financial, he was instrumental in developing a capitalization program that helped push its stock from $16 to $132 per share, making it the top growth stock in any industry on any exchange at that time.

Beginning his career in the energy sector, Mr. Resweber served as Vice President of Arkla Energy (now NRG / Reliant Energy) in Shreveport, LA; as Vice President of Entex Gas (now CenterPoint Energy) in Houston, TX; and as Manager of Celeron Oil & Gas (now Plains / All American Pipeline) in Santa Barbara, CA, which ultimately merged with Goodyear Tire & Rubber to build the nation's longest pipeline, twice as long as the famous Alaskan Pipeline.

A cum laude graduate of the University of Louisiana in Lafayette, Resweber is active in his community and has served on the Boards of Directors of a number of other companies and business associations.

About Millennium HealthCare Inc. (

Millennium HealthCare Inc., through its wholly owned operating subsidiaries, provides hospitals, primary care physician practices, physician groups and healthcare facilities of all sizes with cutting-edge technology driven applications, systems and medical devices focused primarily on preventive care through early detection. The Company also provides advanced billing and coding services, and practice development and management services. For more information, please visit

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain statements that may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

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