American CareSource Holdings Reports 225% Increase in Revenues for Second Quarter 2008
July 23 2008 - 7:05AM
Marketwired
DALLAS, TX today reported a 225% increase in revenues to
approximately $13.0 million for the second quarter ended June 30,
2008 compared to approximately $4.0 million in the same period last
year. The Company's second quarter revenues also represent a 13.1%
improvement over first quarter 2008 reported revenues of $11.5
million.
"These results are reflective of the progress we have made over
the last year in developing our business model. Our focus on
providing a broad and growing array of outsourced ancillary care
services as a solution to lowering our client's overall healthcare
costs is resonating in the marketplace. As our client base and
reputation build, we expect this positive momentum to accelerate.
Our results in this quarter and for the first half of the year
further substantiate that we remain on track to exceed our initial
guidance of $50 million in revenues for the full year," noted David
S. Boone, Chief Executive Officer of American CareSource.
American CareSource will host a conference call to discuss the
second quarter financial results on Thursday, August 14, 2008 at
10:00 a.m. central time. The Company will issue a press release
reporting full financial results the same morning.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly
traded ancillary care network services company offers a
comprehensive national network of approximately 2,500 ancillary
service providers at over 25,000 sites. The Company's ancillary
network and management provides a complete outsourced solution for
a wide variety of healthcare payors and plan sponsors including
self-insured employers, indemnity insurers, PPOs, HMOs, third party
administrators and both federal and local governments. For
additional information, please visit www.anci-care.com.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:
Any statements that are not historical facts contained in this
release are forward-looking statements. It is possible that the
assumptions made by American CareSource Holdings, Inc. for purposes
of such statements may not materialize. Actual results may differ
materially from those projected or implied in any forward-looking
statements. Such statements may involve further risks and
uncertainties, including but not limited to those relating to
demand for our services, pricing, market acceptance, timing, issues
relating to client implementation and the effect of economic
conditions, competition and other risks identified in this release,
and the Securities and Exchange Commission filings of American
CareSource Holdings, Inc.
Contact: Steven J. Armond Chief Financial Officer American
CareSource Holdings, Inc. Tel: 972-308-6847
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