Anybody still watching this stock?
I found this on the wire today. Looks like it was released yesterday - pulled it from Business Wire via the NASDAQ website.
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National Quality Care, Inc. Hires Point Loma Partners, Inc. to Assist With Mergers and Acquisitions
SAN DIEGO, Dec. 4 /PRNewswire/ -- National Quality Care, Inc. (OTC Bulletin Board: NQCI), provider of integrated hemodialysis services for patients suffering from chronic kidney failure, announced today that it hired Point Loma Partners, Inc. (PLP), an investment banking and consulting firm, to assist with mergers and acquisitions and create opportunities to positively impact shareholder value.
Victor Gura, Chairman and Chief Executive Officer of NQCI commented: "Point Loma Partners has proven expertise helping small companies such as ours increase shareholder value."
Jeff Janda, President of Point Loma Partners, responded: "We believe NQCI is an excellent platform for conducting a consolidation of dialysis clinics nationwide. There continue to be attractive acquisition opportunities and we look forward to helping Victor and his team evaluate and close these deals."
NQCI recognizes the growing need for treatment facilities and treatment alternatives. Treatment for end-stage renal disease requires dialysis three times per week and is a Medicare entitlement for every U.S. citizen. The afflicted population is growing at a rate of 10% annually as the average age of Americans rises. NQCI operates Los Angeles Community Dialysis, an outpatient facility using state-of-the-art equipment. It also provides exclusive inpatient dialysis services at several Southern California hospitals and mobile units for in-home services.
Point Loma Partners, Inc. is a consulting firm based in San Diego, California, which focuses on emerging growth companies. PLP's website address is www.pointlomapartners.com
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management, and are subject to certain risks or uncertainties. The Company cautions readers of this press release that numerous factors could cause the Company's actual results, performance or achievements in 2001 and beyond to differ materially from the results, performance or achievements expressed in, or implied by, such forward-looking statements. These factors include, among others, the risk that we may not make acquisitions in the future, the risk that we may not profitably manage acquisitions we have completed, the risk that payor reimbursements may not exceed the cost of providing healthcare to patients, the risk of complying with substantial state and federal regulations regarding the delivery of hemodialysis services, and the risk that adverse changes in the economy may adversely affect our business. Investors should refer to documents that the Company files from time to time with the Securities and Exchange Commission for a description of certain factors that could cause actual results to vary from current expectations and forward-looking statements contained in this press release. Such filings include, without limitation, the Company's Form 10-KSB, Form 10-QSB and Form 8-K reports.
tbutton.prnewswire.com
/CONTACT: Jeff Janda, President of Point Loma Partners, +1-619-233-0726/
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Based on the Point Loma deal, I'm going to buy into this stock. I know these guys and they've done pretty well with companies in the past, and at 0.07 a share, there's not a lot of downside.
I see lots of people who used to check on NQCI fairly regular - anyone else out there who can fill me in on the history of this company? |
