SOURCE: MIT Holding, Inc.

January 20, 2015 08:30 ET

MIT Holding, Inc. Names Tommy J. Duncan as President

LOS ANGELES, CA--(Marketwired - Jan 20, 2015) - MIT Holding, Inc. (OTCQB: MITD) today announces Tommy J. Duncan as president of day-to-day operations at MIT Holding. This appointment coincides with the initiation of the Company's second phase of corporate re-organization.

"For the last 12 months, MIT Holding has focused on the assembly of a portfolio of licenses, contracts, agreements and working arrangements. Compilation of this portfolio has allowed the company to build, support and begin to offer a 'one-stop-provider' of services for patients in transition," says Duncan. "The health care system's continual urging of quicker patient discharges creates an environment in which much of the recovery process and responsibility is forced upon the patient.

"Our goal is to ease this burden and create for patients a single source for all of their necessary medical products and services."

With guidance from its newly appointed president, MIT Holding's expanded offerings will also include oversight and assistance in dealing with the insurance and government agencies involved in patient recovery costs. 

"The expansion of these proven services will continue throughout Georgia as we aggressively begin looking at acquisitions and partnerships to start a nationwide roll-out of services," says Duncan.

In addition to his new position as president, Duncan is an independent director at MIT Holding. He previously served as president at Southeast Vending LLC and at Southeast Lumber & Construction, Inc. for which he successfully executed numerous mergers and acquisitions as well as identified and secured financing from multiple funding sources. During his tenures as secretary and treasurer at Auto Locators, Inc. and at Custom Locators USA, Inc., Duncan was recognized for his skills in identifying talented management and hiring them to key positions within each of those companies to accommodate corporate expansion in terms of size and revenues. His prior experience also includes serving on the board of directors at CNB Bancorp, Inc. (Windsor, Virginia).

About MIT Holding, Inc. (MITD)

MIT Holding offers through its portfolio of licenses, contractual and affiliate agreements services and products currently including but not limited to; wholesale pharmaceuticals, administer intravenous infusions, medical management services, in home or ambulatory center therapies. MIT has initiated government contacts to obtain the necessary approvals to import pharmaceutical products into the Americas.

Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements regarding beliefs, plans, expectations or intentions contain reasonable expectations, but there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

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