SOURCE: Southern Home Medical Equipment, Inc.

June 01, 2011 10:30 ET

Southern Home Medical Achieves Fifth Consecutive Month of Profitability and Record Revenues in May

LYMAN, SC--(Marketwire - Jun 1, 2011) - Southern Home Medical Equipment, Inc. (PINKSHEETS: SHOM), a holding company providing healthcare services, staffing and durable medical equipment to medical institutions, announced today that it has achieved its fifth consecutive month of profitability and record revenues for the month of May 2011. SHOM projects corporate revenues to exceed $90,000 in May 2011, approximately 32% higher than revenues of approximately $68,000 reported in May 2010. Consolidated net income for the month of May 2011 is expected to exceed $10,000, compared to a net loss of approximately ($10,210) in the same period one year ago.

"We are extremely pleased at the progress we have made this year, which continues our trend of profitability established at year-end December 31, 2010. Our businesses continue to operate as profit centers and are designed to be replicated nationwide without additional, large capital expenditures. What this means to shareholders is our profitability should continue to rise as we expand our business locations through the remainder of 2011," said President and CEO of Southern Home Medical Jeff Sarvis. "While we are exceeding our expectations month-after-month in terms of revenues and net income, our stock price has yet to parallel our outstanding performance. We anticipate this to change, as we move to 'fully reporting status' and achieve higher visibility in the financial community."

About Southern Home Medical Equipment, Inc.
Southern Home Medical Equipment, Inc. is a holding company with a focus on servicing the needs of the U.S. healthcare industry. The Company has quality health care professionals to address national shortages in hospitals, rehab centers, nursing homes and other medical facilities. Personnel are available 24/7/365 and include: RNs, LPNs, CNAs, RTs, billing specialists, customer service specialists, delivery techs and marketing reps. The Company has contractual agreements with partner businesses located in Charleston, Columbia, Greenville, Florence and Lake Hartwell, of South Carolina; Nashville, Tennessee; Baltimore, Maryland; Dunwoody, Georgia; and Philadelphia, Pennsylvania. Southern Home Medical is leveraging the success of these business models to expand sales opportunities in these areas of health, medical, staffing and durable medical equipment needs. For more information, visit www.southernhomemedical.com.

The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.

Contact Information