Southern Home Medical, Inc. (OTC Pink: SHOM) is engaged as a healthcare services and equipment company. Shares of the healthcare services provider is climbing 38.46%, through early trading on Wednesday, March 15, 2017. Over the past month, Southern Home Medical, Inc. has seen average daily volume of 34.95 million shares. However, volume of 87.07 million shares or dollar volume of $156,726, has already exchanged hands Wednesday.
Shares of Southern Home Medical, Inc. are climbing Wednesday, after the company announced that it has gained 32 additional cooperative community hospitals with Medical Treasure. Management says that the new development could grow revenues by 200% in the coming year. Here is the full press release detailing of the collaboration agreement and community hospitals:
Southern Home Medical, Inc. Press Release:
NEW YORK, NY–(Marketwired – Mar 14, 2017) – Southern Home Medical, Inc. ( OTC PINK : SHOM ), a leading developer of the Healthcare industry, has gained 32 cooperative community hospitals as part of a mutually beneficial collaboration in using ‘Medical Treasure’ and its new developed APP as part of a technological initiative. This new Development would expect to achieve 200% revenue increase in coming year.
As a part of the collaboration with Medical Treasure, SHOM received cooperation from 32 community hospitals. This will expand opportunities for SHOM and allow its services and technologies to expand further into various different markets. The hospitals include the Rainbow Street Community hospital, Chongkou Street Community Hospital, Guangzhou Hospital in the Liwan District, People Street Community Hospital, Fengyuan Street Community Hospital from the Yuexiu District, and Linhe Street Community Hospital, Chepei Street Community Hospital from the Tianhe District, among others.
George Chang, Chief Executive Officer, remarked, “We are extremely pleased with the progress we have made in technology development, we intend to continue this trend and increase our shareholder value. This cooperation and development will mean that the technologies and services offered by SHOM will see broader use and SHOM will use this opportunity to continue to leverage the success of their business and expand sales opportunities throughout the country with health, medical, technological and equipment needs.”
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 release contains certain “forward-looking statements” relating to the business of the Company. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.