(PRWEB) April 12, 2005
Stomar Partners LLC has issued the following Stock Focus Report on the publicly traded company AMS Homecare.
Founded in 1989, AMS Homecare (OTCBB: AHCKF) is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States.
AMS recently unveiled its strategy to build a chain of retail stores in the United States to complement its profitable distribution business in Canada. These stores would market AMSÂs mobility and medical products to its target market, the elderly and others with mobility difficulties First U. S. Retail Store Planned In preparation for the first store, AMS entered a joint venture with a small Canadian pharmacy company to provide AMS expertise for housing a pharmacy in each outlet.
This first store is to be about 2,500 sq. ft. although any subsequent stores will be larger . The first store will be operated out of the companyÂs own cah flow.
The companyÂs new business unit, Integrated Emergency Response Systems, is generating an increasing revenue base. Services are addressing needs of administrators, managers and security personnel at elder care facilities, resorts and hospitals.
The company in February 2004 acquired IER monitoring services, which provides wireless devices and services for nursing calls and emergency alerts. As a long term project the company also has licensed technology for and is developing implantable sensors that will be designed to monitor patient vital signs.
NEW DEVELOPMENT: AMS Homecare Inc.recently announced that it has entered into a binding agreement with Wireless 2000 of Burnaby, British Columbia to acquire the exclusive distribution rights to distribute its products into the health care, residential elder care, medical offices and hospital markets in North America.
AMS said Wireless 2000 has developed a patent pending Ultra Wideband (UWB) technology. It has agreed to develop and provide to AMS Homecare a human Heart and Respiration Rate Monitor (HRRM) and a Precision Location & Tracking System (PLT) for locating and tracking patients and equipment around hospitals and healthcare facilities.
Current financial data:
Fiscal year 2004 Revenues $3.2 million
Fiscal year 2004 Earnings $182,288
Shares Outstanding 46.6 million
Insider Ownership 62.5%
To receive a complete report on the economic impact of the graying of America, and to receive further information on AMS Homecare contact:
Stomar Investor Relations
Telephone: 312 238-9238
Please note: The information in the above Stock Focus Report was prepared by Stomar Partners LLC from data and information supplied by AMS Homecare, as such, Stomar Partners has no reason to believe the information is inaccurate, however, Stomar Partners does not independently guarantee the accuracy nor reliability of the data and other information in the Stock Focus Report. Information in this Stock Focus is not a recommendation to buy or sell AMS Homecare stock. It is solely provided for informational purposes. Stomar Partners has been paid a fee of $3000 to distribute this Stock Focus Report and to conduct certain on-going investor relations services and financial public relations services for AMS Homecare.