SOUTHFIELD, Mich., Oct. 3 /PRNewswire-FirstCall/ -- Arcadia Resources, Inc. (OTC:ACDI) (BULLETIN BOARD: ACDI) , a leading provider of home care and staffing services, mail-order pharmacy and durable medical equipment ("DME"), announced today that it has completed its private placement financing totaling $31 million. The net proceeds have been used to recapitalize the balance sheet of the Company, with the remainder earmarked to fund merger and acquisition activities. Details of the transaction can be found in the Company's Form 8-K filed at http://www.sec.gov/ on September 30, 2005. John E. Elliott II, chairman and CEO of Arcadia Resources, Inc., stated, "With this substantial funding, we have strengthened our balance sheet, including eliminating approximately $23 million or 75% of our interest-bearing debt. We are now in a more favorable position to step up the Company's acquisition momentum within the home health care services industry. In addition to strategic M&A activities, this funding supports the execution of enhanced marketing programs and should help facilitate expansion among our local service providers, including growing our kiosk presence within select Sears stores. We expect to continue to advance our position as one of the nation's leading integrated home health care services providers." About Arcadia Resources Arcadia Resources, Inc. operations include home health care services, medical and non-medical staffing, provision of respiratory and durable medical equipment to patients in the home, a full service mail-order pharmacy and a mail-order catalog of home health care-oriented products. The Company's comprehensive solutions help organizations operate more effectively and with greater flexibility, while enabling individuals to manage illness and injury in the comfort of their own homes. Arcadia Resources is the product of the May 2004 merger of Critical Home Care, Inc. and RKDA, the parent company of Arcadia Services, Inc., and Arcadia RX, LLC. Since June 30, 2004, the Company has acquired 13 successful staffing and home health care businesses in Alabama, Colorado, Florida, Georgia, Illinois, Indiana, Massachusetts, Michigan, North Carolina and South Carolina along with a mail-order catalog business. For more information, visit: http://www.arcadiaresourcesinc.com/ . Safe Harbor under the Private Securities Litigation Reform Act of 1995: 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, to the extent applicable to the Company, 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 involve known and unknown risks, uncertainties and other factors-including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or pricing, technological changes, consumer demand for the Company's services and products, the Company's ability to effectively integrate acquired businesses, the effect of economic conditions and other uncertainties as may be detailed in the Company's filings with the Securities and Exchange Commission -- 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. Such forward-looking statements generally are based on our estimates of future results, performances or achievements, predicated upon current conditions and the most recent results of the companies involved and their respective industries. Actual results may differ materially from those anticipated or implied in the forward-looking statements. The forward-looking statements contained in this news release speak only as of the date hereof. Additional information with respect to these and other factors that could materially affect the Company may be found in the Company's filings with the Securities and Exchange Commission. The Company does not undertake, and expressly disclaims, any obligation to update or alter its forward-looking statements, except as may be required by law. For further information, contact: Investor Relations National Financial Network Geoffrey Eiten Investor Relations 781-444-6100 x613 http://www.nfnonline.com/acdi DATASOURCE: Arcadia Resources, Inc. CONTACT: Geoffrey Eiten, Investor Relations of National Financial Network, +1-781-444-6100 x613, or http://www.nfnonline.com/acdi Web site: http://www.arcadiaresourcesinc.com/ http://www.nfnonline.com/acdi

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