PORT CHARLOTTE, FL--(Marketwired - Aug 31, 2016) - Southern Home Medical Inc. (OTC PINK: SHOM) is continuing to strengthen its capabilities in the Healthcare Industry and has acquired the Taiwan-based company, CES Technology Ltd. (CES), formed in 2012, and located in Taoyuan City. CES Technology Ltd. provides a range of solutions within the Healthcare Industry. CES has developed successful marketing and distribution channels. The company's network in Asia includes Taiwan, China, Japan, Korea and Malaysia. SHOM plans to use these networks to expand sales into new markets. Along with the CES Technology transaction, SHOM has partnered with KC Global Inc., a research and development company based in Nevada. KC Global Inc. will assist SHOM with the development of healthcare related products that the companies plan to sell and distribute in the US and Asian markets.
"We are excited to announce this acquisition and partnership as it represents a more focused approach within the Healthcare industry for SHOM. We are excited about the opportunities ahead as SHOM increases its reach into the global Healthcare markets. We have a lot of moving pieces to account for in this type of transaction, and it has taken some time to complete. In the end, this creates value for the company and shareholders," stated Interim CEO Miguel Dotres.
"This is a great decision for our business, as it will provide additional opportunities to our existing customers, as well as great opportunities for our company. We are very excited to join SHOM," says Yu Yuan Ming, Director of CES Technology Ltd.
About Southern Home Medical, Inc.:
Southern Home Medical, Inc. is a Holding Company with a focus on servicing the needs of the Healthcare Industry. SHOM will continue to leverage the success of their businesses in order to expand sales opportunities in other locations throughout the country with health, medical and equipment needs.
Forward Looking Statements
This press release contains forward-looking statements related to Southern Home Medical, CES Technology Ltd. And KC Global Inc., and the potential benefits of the acquisition, including statements regarding timing of closing and results of the proposed transaction. Actual events or results may differ materially from those contained in the forward-looking statements due to risks, uncertainties and assumptions. These risks and uncertainties include, but are not limited to, risks associated with: Southern Home Medical's ability to successfully integrate CES Technology Ltd. ; execution of plans and strategies; the inability to successfully complete the transaction, and other important factors that could cause results of the acquisition and related transactions to differ materially from the forward-looking statements detailed in Southern Home Medical's public filings with OTC Markets and the SEC, including its most recent Annual Report. Southern Home Medical disclaims any obligation to update any forward-looking or other statements in this release, except as required by law.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 relating to Southern Home Medical operations, results of operations and other matters that are based on SHOM's current expectations, estimates, forecasts and projections. Words, such as "anticipate," "believe," "could," "expect," "estimate," "intend," "may," "opportunity," "plan," "positioned," "potential," "project," "should," and "will" and similar expressions, are intended to identify these forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Forward-looking statements are based on assumptions as to future events that may not prove to be accurate. Readers are cautioned not to put undue reliance on forward-looking statements.