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8-K - FORM 8-K - UNITED AMERICAN HEALTHCARE CORP | k49672e8vk.htm |
Exhibit 99.1
300 River Place Suite 4950 Detroit, MI 48207 www.uahc.com |
FOR IMMEDIATE RELEASE
United American Healthcare Corporation Announces
Results of Annual Meeting of Shareholders
Results of Annual Meeting of Shareholders
DETROIT, Oct. 1, 2010 United American Healthcare Corporation (OTCQB: UAHC) today announced
the results of its annual meeting of shareholders held on Thursday, Sept. 30, 2010 and, following
adjournment, Oct. 1, 2010.
Based on the final report of the inspector of election, all nine nominees recommended by UAHCs
Board and management team were elected at the meeting, including incumbent nominees Tom A. Goss,
Darrell W. Francis, Emmett S. Moten, Jr., Richard M. Brown, D.O., and Ronald E. Hall, Sr., and new
nominees Grayson Beck, Herbert J. Bellucci, William C. Brooks and John M. Fife.
We are pleased with the outcome of the annual meeting of shareholders, stated William C. Brooks,
UAHCs President and CEO. With the affirmation of our Board, management team and strategic
direction, we can focus our efforts on more productive endeavors. We will continue to move forward
with our plan to integrate our acquisition of Pulse Systems and drive value to our shareholders.
Having come through a challenging time in UAHCs history, we believe we now have the right team in
place to achieve these important objectives.
At the meeting, 7,925,157 shares, or approximately 81.1% of the total eligible to vote were cast,
representing a quorum. Shareholders were asked to vote for nine directors at the shareholders
meeting, including two directors for terms expiring at the 2011 annual shareholders meeting, three
directors for terms expiring at the 2012 annual shareholders meeting and four directors for terms
expiring at the 2013 annual shareholders meeting.
About United American Healthcare Corporation
United American Healthcare Corporation (UAHC) is a provider of contract manufacturing services to
the medical device industry, following its June 2010 acquisition of Pulse Systems, LLC, a leading
provider to the medical device industry since 1998. UAHC has been a healthcare management company
since 1985. For more information, please visit the Companys web site at www.uahc.com.
Forward-looking statements by United American Healthcare Corporation, including those in this
announcement, involve known and unknown risks, which may cause actual results and corporate
developments to differ materially from those expected. Factors that could cause results and
developments to differ materially from expectations include, without limitation, the ongoing impact
of the U.S. recession, the termination of the TennCare contract, the wind down of our CMS Medicare
business, the integration of the recent acquisition of Pulse Systems, LLC, the ongoing impact of
the global credit and financial crisis and other changes in general economic conditions, the
effects of state and federal regulations, the effects of any future acquisitions, and other risks
described from time to time in each of United American Healthcares SEC reports, including
quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K.
Contacts: |
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Company
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Investor Relations | |
Bill Dennis, CFO and Treasurer
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Jeff Tryka, CFA | |
United American Healthcare Corporation
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Lambert, Edwards & Associates | |
313-393-4571 / Investor relations@uahc.com
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616-233-0500 / jtryka@lambert-edwards.com |
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