SOURCE: Millennium Healthcare Inc.

Millennium Healthcare Inc.

October 07, 2015 10:15 ET

Millennium Healthcare, Inc. Issues Corporate Update

MELVILLE, NY--(Marketwired - Oct 7, 2015) -  Millennium Healthcare, Inc. (OTCQB: MHCC), a developer and distributor of healthcare services, medical devices and healthcare technology, today issued a corporate update on the Company's progress and goals for 2015. Dominick Sartorio, Chairman, stated:

"Over the past several months, Millennium has executed several milestones focused on the growth of the Company into new service offerings and expanded leadership. The Company's goals include supporting its established distribution channels as well as introducing new sales partnerships. In addition to increasing sales of existing product offerings, the Company intends to research, develop and introduce new products, technologies and services to its customers. In line with these goals, Millennium will also continue its efforts to develop and enhance Health Information Exchange (HIE) systems that can electronically move clinical information among different healthcare information systems while maintaining the integrity of the information being exchanged.

"Additionally, the Company recently made a concerted effort to source and place new executive management to expand the Company's leadership and knowledge, resulting in the appointment of a new CEO and President over the past few months. While the Board of Directors' efforts to do so were in line with the forward progress of Millennium in the healthcare services and device industry, the new CEO and President ultimately were not aligned with the Board's goals for the Company. Effective at the end of September, the recently appointed CEO and President, Mr. Noel Mijares and Mr. David Bingaman, resigned from the Company.

"The Board remains comfortable with this change in management and is actively identifying a short list of candidates to fill these positions. We are confident we will identify new leadership who are better aligned with the goals of Millennium as we continue to expand our products, services and technology offerings. During the interim period, Chris Amandola will resume his role as interim President of the Company. We look forward to providing future updates on the Company's progress in the near future."

About Millennium Healthcare Inc. (www.millenniumhcs.com)

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 www.millenniumhcs.com.

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.

Contact Information

  • CONTACT:
    JP Fortune Group
    James Moldenhauer
    (949) 344-0539