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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme
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To: TokyoMex who wrote (7557)7/14/1998 6:53:00 PM
From: MoneyMade   of 8798
 
TWHH this is fact....

Transworld Healthcare Agrees to Sell its Nursing
Subsidiary to Pediatric Services of America Inc.

NEW YORK--(BW HealthWire)--June 8, 1998--Transworld Healthcare Inc. (Nasdaq: TWHH -
news) Monday announced that it has signed an agreement to sell substantially all of the assets of its
nursing subsidiary, Transworld Home Healthcare - Nursing Division Inc., to Pediatric Services of
America Inc. (Nasdaq: PSAI - news).

The transaction is subject to customary closing conditions, including the transfer of certain licenses,
and is expected to close by July 15, 1998.

Transworld Healthcare is a regional provider of a broad range of alternate site healthcare services
and products. It also operates a specialized mail order pharmacy and provides medical supplies to
patients nationwide. The company's United Kingdom-based subsidiary, Transworld Healthcare
(UK) Limited, with 72 locations, provides respiratory therapy, medical supplies and nursing services
throughout the United Kingdom.

Certain statements contained herein are forward-looking statements but have been made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties which may cause the actual results in
the future periods or plans for future periods to differ materially from those described herein as
anticipated, believed or estimated.
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