SOURCE: Ridgecrest Healthcare Group, Inc

October 10, 2006 17:20 ET

Ridgecrest Healthcare Group Hosts National Healthcare Conference in Las Vegas

EL SEGUNDO, CA -- (MARKET WIRE) -- October 10, 2006 -- MDS Conference Services, a division of Ridgecrest Healthcare Group, Inc. (PINKSHEETS: RGHG), is hosting a national conference for healthcare executives pertaining to the growth and development opportunities in ambulatory care.

The conference, "Strategies for Success in the Hot Ambulatory Services Market" is being held on October 12-13, 2006 at the Wynn Las Vegas. It features industry executives and experts as speakers including Phil Dalton, CEO of Rigdecrest Healthcare Group, Paul Viviano, Chairman and CEO of Alliance Imaging, George Goodwin, Vice President of Symbion Healthcare and Scott Nordlund, Vice President for Catholic Healthcare West. Mr. Dalton stated that, "the intent of the conference is to offer the most comprehensive and useful information currently available to assist hospitals and health systems develop strategies for market expansion and profit improvement in outpatient healthcare services." The subject matter for the conference covers success strategies for developing ambulatory surgery centers, imaging centers, cancer centers and medical office buildings.

"This, our first national conference, has been received so well that we are looking forward to sponsoring a continuing series of conferences that are meant to inform and educate leaders in healthcare on specific healthcare business development strategies," continued Mr. Dalton.

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 service 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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