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8-K - FORM 8-K - ARCADIA RESOURCES, INC | c15317e8vk.htm |
Exhibit 99.1
NEWS RELEASE |
Arcadia Resources Announces Receipt of
NYSE Amex Notice
NYSE Amex Notice
INDIANAPOLIS, IN April 8, 2011 Arcadia Resources, Inc. (NYSE Amex: KAD), a leading provider
of innovative consumer health care services under the Arcadia HealthCareSM brand, today announced
that it has received written notification from NYSE Amex dated April 4, 2011, indicating that
because the Companys average closing price of its common stock was less than $0.20 per share over
a consecutive 30-day trading period, the Company is not in compliance with Section 1003(f)(v) of
the NYSE Amex Company Guide. NYSE Amex advised that it deems it appropriate for the Company to
effect a reverse stock split to remain in compliance with its continued listing standards and has
given the Company until October 4, 2011 to effect such a split.
The Company continues to monitor the trading price of its common stock and is considering its
options to comply with Section 1003(f)(v). The notification from NYSE Amex does not affect the
listing of the Companys common stock at this time.
About Arcadia HealthCare
Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (NYSE Amex: KAD), and is a leading
provider of home care, medical staffing and pharmacy services under its proprietary DailyMed
program. The Company, headquartered in Indianapolis, Indiana, has 65 locations in 18 states.
Arcadia HealthCares comprehensive solutions and business strategies support the Companys vision
of Keeping People at Home and Healthier Longer.
DailyMed Pharmacy dispenses a monthly cycle of a patients prescriptions, over-the-counter
medications and vitamins, and organizes them into pre-sorted packets clearly marked with the date
and time the medications should be taken. In the dispensing process, a DailyMed pharmacist reviews
each patients medication profile and utilizes state-of-the-art medication therapy management tools
in order to improve the safety and efficacy of the medications being dispensed. A DailyMed
pharmacist provides routine communication with the patient, the primary care physician, caregivers
and payers in order to maximize the pharmaceutical care administered. The DailyMed program
improves patient care and drug utilization while reducing drug and hospitalization costs for
private and government payers.
Forward Looking Statements
Any statements contained in this release that are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21A of the Securities Exchange Act of 1934, as amended and otherwise within the meaning of court
opinions construing such forward-looking statements. The Company claims all safe harbor and other
legal protections provided to it by law for all of its forward-looking statements. Forward-looking
statements are not guarantees of future performance and involve known and unknown risks, estimates,
uncertainties and other factors, which could cause actual financial or operating results,
performances or achievements expressed or implied by such forward-looking statements not to occur
or be realized, including our estimates of consumer demand for our services and products, required
capital investment, competition, and other factors. Actual events and results may differ materially
from those expressed, implied or forecasted in forward-looking statements due to a number of
factors. Important factors that could cause actual results, developments and business decisions to
differ materially from forward-looking statements are described in the Companys filings with the
Securities and Exchange Commission from time to time, including the section entitled Risk Factors
and elsewhere in the Companys most recent Annual Report on Form 10-K and
subsequent periodic reports. Among the factors that could cause future results to differ materially
from those provided in our press release are: (i) we cannot be certain or our ability to generate
sufficient cash flow to meet our obligations on a timely basis; (ii) we may be required to make
significant business investments that do not produce offsetting increases in revenue; (iii) we may
be unable to execute and implement our growth strategy; (iv) we may be unable to achieve our
targeted performance goals for our business segments; and (v) other unforeseen events may impact
our business. The forward-looking statements speak only as of the date hereof. The Company
disclaims any obligation to update or alter its forward-looking statements, except as may be
required by law.
Contact:
Matthew Middendorf
Chief Financial Officer
mmiddendorf@arcadiahealthcare.com
317.569.8234
Matthew Middendorf
Chief Financial Officer
mmiddendorf@arcadiahealthcare.com
317.569.8234