SOURCE: Ridgecrest Healthcare Group, Inc.

December 04, 2006 16:05 ET

Ridgecrest Healthcare Announces Fifth Contract With California Attorney General

EL SEGUNDO, CA -- (MARKET WIRE) -- December 4, 2006 -- MDS Consulting & Finance, a division of Ridgecrest Healthcare Group, Inc. (PINKSHEETS: RGHG), announced today that it has entered into a contract to provide a study for the Office of the California Attorney General describing the possible effects that the proposed sale of Paradise Valley Hospital in National City, California, may have on the delivery, accessibility and availability of healthcare services in the region.

Phil Dalton, CEO of Ridgecrest Healthcare Group, stated, "This is the fifth such project that MDS will have been assigned by the Office of the California Attorney General in the past three years. MDS is a preferred vendor for specialized healthcare advice and expert witness work for the California Attorney General."

Ridgecrest Healthcare Group, Inc. is a healthcare management services company that works with large healthcare providers, healthcare companies, government and related companies and organizations. Ridgecrest further seeks to acquire and operate healthcare management companies and leverage its relationships and strategic and financial expertise to enhance and grow these enterprises.

For more information on Ridgecrest Healthcare Group, Inc., please visit our website at:

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.

All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

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