SOURCE: ER Urgent Care Centers

May 23, 2007 09:00 ET

REPEAT: ER Urgent Care Centers Announces 68% Increase in First Quarter Revenues

MIAMI, FL -- (MARKET WIRE) -- May 23, 2007 -- ER Urgent Care Centers (PINKSHEETS: ERUC) (ERUC) is proud to announce that its 2007 first quarter audited financials are complete. Revenues for the first quarter increased from $447,347 to $660,992. Another very significant increase was accounts receivable. Accounts receivable for the first Q was $1,918,661. This number reflects two of our latest acquisitions in Tampa and St. Petersburg. The second quarter will reflect much of this in receivables and will also include the new Deland practice. Total assets have now reached $3,473,725, the highest in ERUC history. ERUC continues to grow as scheduled. Revenues and receivables continue to grow at a significant pace. Our Urgent Care model has shown steady and considerable growth in comparison to other segments of healthcare. Demand continues to rise. Popularity amongst patients continues to grow and the mix of primary care and urgent care has become a perfect formula for ERUC. We wish all of our current and future shareholders a happy and healthy Memorial Day.

About ER Urgent Care

ERUC Management Company Inc. operates ER Urgent Care Centers in the South Florida area. The "true, bona-fide," "Urgent Care Center" is a one-stop-shop where patients can receive premier health care, after-hours, at a fraction of the cost of emergency room visits. With the "Urgent Care Center" model emergency rooms will no longer lose money on ER patients with minor injuries and illnesses and the HMOs will no longer have to pay exorbitant claims for non-admitted patients. ER Urgent Care Centers create a win-win situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.

For more information visit our Web site at www.erucc.net or sign up for the corporate newsletter at http://www.erucc.net

Or visit our locations at:

ER Urgent Care Center                    ER Urgent Care Center
700 Ives Dairy Rd.                       1601 Meadowlark Lane
North Miami Beach, FL 33179              Kansas City, KS 66102

ER Urgent Care Center                    ER Urgent Care Center
213 North Federal Highway                7208 Sterling Ave
Hallandale Beach, FL 33009               Tampa, FL 33614

ER Urgent Care Center
15463 SW 137th Ave.                      Doctors Family Medical
Kendal, FL 33177                         5535 Memorial Highway
                                         Tampa, FL 33634
Doctors Family Medical
2370 International Blvd.
Deland, FL 32724
                                         Doctors Family Medical
ER Urgent Care Center                    431 SW Blvd North
18648 NW 67th Ave                        St. Petersburg, FL 33703
Miami Lakes, FL 33177

ER Urgent Care Center Tampa              ER Urgent Care Center St.Pete
5535 Memorial Highway #101               431 SW Blvd. North Suite A
Tampa, FL. 33634                         St. Petersburg, FL 33703
ER Urgent Care Center is a provider for Amerigroup, Avmed, Humana, Aetna, Medicaid/Medipass/Medi-Kids, Total Health Choice, United Health Care, Beech Street, Dimension Health, Assist Card, Cigna, Corvel, Health Insurance Plans and many more.

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

For franchising and corporate information please contact us toll free at 1-877-303-3500

Contact Information

  • Contact Information:
    ER Urgent Care Centers
    1-877-303-3500