SOURCE: Physicians Adult Daycare, Inc.

February 07, 2007 09:15 ET

Physicians Adult Daycare Adds Management Depth and Experience

HOUSTON, TX -- (MARKET WIRE) -- February 7, 2007 -- Physicians Adult Daycare, Inc. (PINKSHEETS: PHYA) announced today that effective as of February 6, the company has restructured its Board of Directors and corporate management. Stemming from a vote of shareholders holding not less than 51% of PHYA stock, the Board of Directors was expanded from a two-person board to three, with Antal ("Tony") Markus, Andy Ruppanner and Michael Laidlaw occupying the three seats on the Board. The majority shareholder action took place under applicable Nevada state law as well as pertinent PHYA bylaw provisions that require neither meeting nor notice to fellow shareholders in the event that the result of such a vote is eminently clear.

The newly instituted Board of Directors unanimously elected Mr. Tony Markus as President and CEO, Andy Ruppanner as Executive Vice President and COO, and Michael Laidlaw as CFO, Secretary, and Treasurer. Each brings a unique perspective as well as broad-based real world experience in numerous phases of business. Mr. Ruppanner, Executive Vice President and COO, holds an MBA from Emory University, has served in various executive positions at all levels of management, and has worked with such corporate giants as IBM. His thirty-year background in setting up and operating marketing and services companies with IBM, KODAK and Office Depot at an executive level make him exceptionally well qualified for his new role with Physicians Adult Daycare.

Mr. Laidlaw, CFO, has more than fifty years of hands-on experience in the financial industry, occupying positions as a senior partner and managing director of various brokerage firms, as well as having recently retired as a member of the London Stock Exchange. He has been personally responsible for fund management in excess of $1 billion, and has raised more than $100 million in financing for various public companies. In addition, he has served on the Boards of Directors of several public companies.

Mr. Markus, President and CEO, is an accomplished manager and administrator with twenty-five years of experience in business acquisitions and mergers. Extensive experience in all facets of business acquisitions, public companies, security issues and business capitalization in both Canada and the United States.

About Physicians Adult Daycare:

Physicians Adult Daycare (PINKSHEETS: PHYA) has developed a unique approach to providing the most conscientious and cost-effective care and service to a rapidly growing demographic in the country. As the nation's population grows older and the "baby boom" generation approaches retirement age, it appears inevitable that they will place tremendous strains on an infrastructure that is unprepared to deal with their specialized needs. Physicians Adult Daycare has developed an innovative care model that allows them to provide for the logistical needs of their clients as well as social interaction, diet and nutrition, and proactive health maintenance to augment their quality of life. At the same time, the Adult Daycare model allows clients to stay at home and to reduce their costs, vital components for those who wish to maintain their independence while on fixed incomes. For more information, visit the company website at:

Forward-Looking Statements:

Certain statements in this news release may contain forward-looking information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

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