SOURCE: Ridgecrest Healthcare Group, Inc.

November 13, 2006 08:00 ET

Ridgecrest Healthcare Group to Acquire NOBO List

EL SEGUNDO, CA -- (MARKET WIRE) -- November 13, 2006 -- Ridgecrest Healthcare Group, Inc. (PINKSHEETS: RGHG) announced today that it has ordered a current list of Non Objecting Beneficial Owners (NOBO) in order to evaluate and analyze Ridgecrest's stock's recent trading performance. Once it acquires the NOBO list, Ridgecrest will compare it to DTC reports to compare the actual number of shares outstanding and the number of holders of the company's shares in order to uncover any potential naked short positions.

"We are committed to protecting our shareholders' best interests and want them to have confidence in their investment in Ridgecrest," stated Derek Buchanan, CFO of Ridgecrest Healthcare Group, Inc. "Once we analyze the NOBO list and DTC reports we will determine what actions to take in order to address any naked short positions if we uncover them."

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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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