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Arcadia Resources Files Registration Statement
SOUTHFIELD, Mich. - January 26, 2007 - Arcadia Resources, Inc. (Amex: KAD), announced the filing today of a registration statement on Form S-3 to register approximately 8.1 million shares of its common stock held by specified shareholders and to provide registration of an additional 5 million shares of common stock to be available for future sale by the Company at a time(s) yet to be determined by the Company under a “shelf” registration process.
“We filed this registration statement as a result of a contractual requirement related to a December, 2006 sale of our common stock and have included other shares subject to registration rights as well. We decided to include a shelf registration statement to register additional shares for future purposes, so that we have the capability and flexibility to offer registered shares in the future,” said Chairman and CEO, John E. Elliott II.
The registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. The registration statement filed by the Company and the information in the prospectus accompanying it is not complete and may be changed. Neither the Company nor the selling security holders may sell the securities referenced therein until the registration statement filed with the Securities and Exchange Commission is effective. This news release is not an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
About Arcadia Resources
Arcadia Resources, Inc. is a national provider of home care services and products, including respiratory and durable medical equipment; non-medical and medical staffing, including travel nursing; a mail-order pharmacy; and a catalog of healthcare-oriented products, also available for purchase on www.arcadiahomehealth.com and other leading retailer websites. Through industry partnerships, the Company is also establishing walk-in routine (non-emergency) medical clinics inside of supercenter retail stores. Arcadia’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 or through the convenience of local health care sites. For more information, visit: www.arcadiaresourcesinc.com.
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, if 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, 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 retail store health clinic services, required capital investment, build-out schedules, competition, and other factors. Actual results may differ materially from those anticipated or implied in the forward-looking statements, which speak only as of the date hereof. Additional information that could materially affect the Company may be found in the Company's filings with the Securities and Exchange Commission. The Company disclaims any obligation to update or alter its forward-looking statements, except as may be required by law.
Media Contact: Walter Kraft at Caponigro Public Relations Inc. (248) 355-3200
