American CareSource Holdings Reports 260% Increase in Revenues for Fourth Quarter 2007
19 Febrero 2008 - 5:05PM
Marketwired
DALLAS, TX today reported a 260% increase in revenues to
approximately $10.1 million for the fourth quarter ended December
31, 2007 compared to approximately $2.8 million in the same period
last year. For the year ended December 31, 2007, total revenues
increased 106% to approximately $23.5 million compared to
approximately $11.4 million in the prior year.
American CareSource will host a conference call to discuss the
fourth quarter and year end financial results on Monday, March 31,
2008 at 10:00 a.m. central time. The Company will issue a press
release reporting full financial results the same morning.
"2007 was truly a tipping point in the Company's evolution,"
stated David S. Boone, Chief Executive Officer of American
CareSource. "Our strong fourth quarter and full year revenues
reflect our successful transition from a network to an outsourced
ancillary services provider that is a true partner with our
clients, developing ancillary solutions for their business needs.
With this inflection point, we experienced strong growth from new
clients as well as significant organic growth from our existing
clients."
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 25,000 ancillary
provider sites. Through its product offerings, American CareSource
helps its clients reduce the cost of ancillary services rendered
through its network of providers in more than 30 service
categories. 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.
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 our ability to continue
partnering with our clients, our ability to continue to experience
growth, that even with increases in revenue, we may not be able to
experience earnings on a sustained level those relating to product
demand, pricing, market acceptance, the effect of economic
conditions, and intellectual property rights, and the outcome of
competitive products, risks in product development, the results of
financing effort, the ability to complete transactions, and other
risks identified in this release, and the Securities and Exchange
Commission filings of American CareSource Holdings, Inc.
Contact: David S. Boone Chief Executive Officer American
CareSource Holdings, Inc. Tel: 972-308-6830
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