Arcadia Resources Acquires Rite at Home; Gains Licensing Rights to Market 'Sears Shop at Home' Health & Wellness Products
June 20 2005 - 9:02AM
PR Newswire (US)
Arcadia Resources Acquires Rite at Home; Gains Licensing Rights to
Market 'Sears Shop at Home' Health & Wellness Products
SOUTHFIELD, Mich., June 20 /PRNewswire-FirstCall/ -- Arcadia
Resources, Inc., (OTC:ACDI) (BULLETIN BOARD: ACDI) , a leading
provider of home care and staffing services, mail order pharmacy
and durable medical equipment ("DME"), announced today that it has
acquired Rite at Home Healthcare Products, L.L.C. ("Rite at Home")
of Burr Ridge, Illinois, a catalog outsourcing and product
fulfillment company. Rite at Home currently creates and distributes
the business-to-consumer marketing efforts of one of the nation's
largest retailers, Sears Shop at Home Services, a specialty catalog
of Sears, Roebuck and Co., a wholly-owned subsidiary of Sears
Holdings Corporation (NASDAQ: SHLD). With this acquisition, Arcadia
Resources gains Rite at Home's licensing rights to distribute Sears
Shop at Home catalog of home health and wellness products via
direct mail and Internet. The products offered are a full range of
health and wellness products, which include mobility aides, aides
for daily living, adjustable beds and stairway lifts. Darrin
Schmidt, General Manager of Rite at Home, stated, "We are very
pleased to be joining the Arcadia family of companies. Arcadia
provides us the additional resources to offer our product listing
to an expanded target audience." John E. Elliott II, Chairman and
CEO of Arcadia Resources, stated, "Sears and the Sears Catalog(R)
are arguably the most recognizable and trusted brands among our
target demographic audience. Rite at Home retains a long-standing
marketing relationship with Sears, bringing Arcadia an exciting new
sales channel." Since mid-2004, Arcadia has successfully acquired
multiple staffing and home health care businesses in Alabama,
Colorado, Florida, Georgia, Indiana, Illinois, Massachusetts and
North Carolina. Arcadia plans to continue to acquire synergistic
companies with established operations in the U.S. throughout 2005.
Sears Shop at Home Services, Sears Catalog(R), Sears, and the Sears
logo are trademarks of Sears, Roebuck and Co. About Arcadia
Resources, Inc. Arcadia Resources, Inc., helps organizations
operate more effectively and with greater flexibility, and enables
individuals to manage illness and injury in the comfort of their
own homes. Headquartered in Southfield, Michigan, the company's
core businesses are comprehensive home care services, medical and
non-medical staffing, mail-order pharmacy and durable medical
equipment. For more information about Arcadia, please visit the
company's Web site at http://www.arcadiaresourcesinc.com/.
Investors should visit http://nfnonline.com/acdi/. For more
information, contact: Geoff Eiten, Investor Relations, National
Financial Network, 781-444-6100 x613; . Safe Harbor under the
Private Securities Litigation Reform Act of 1995: The statements
which are not historical facts contained in this press release are
forward-looking statements that involve certain risks and
uncertainties including but not limited to risks associated with
the uncertainty of future financial results, regulatory approval
processes, the impact of competitive products or pricing,
technological changes, the effect of economic conditions and other
uncertainties as may be detailed in the Company's filings with the
Securities and Exchange Commission. DATASOURCE: Arcadia Resources,
Inc. CONTACT: Geoff Eiten, Investor Relations of National Financial
Network, +1-781-444-6100 x613, , for Arcadia Resources, Inc. Web
site: http://www.arcadiaresourcesinc.com/ http://nfnonline.com/acdi
Copyright