,,,,,,,I am researching TSSM..Formerly TSSO Looks like a 1/200 RS awhile back to attempt a listing on the AMEX
The company appears to still have clinics.
But has a tendency to RS from it's past history. A viable play short term.Vol looks good and being up 30% Friday and another 75% today,...this subpenny will get alot of attention. Last pr in 2002
Tessa Announces the Grand Opening of a New Clinic in Rockville,
Maryland, Results for 1st Quarter, 2002 and the Appointment of Two New Directors
Business Editors/Health & Medical Writers
BEL AIR, Md.--(BUSINESS WIRE)--May 30, 2002--Tessa Complete Health Care, Inc. (OTCBB:TSSO) announced today the grand opening of a chiropractic and rehabilitative care clinic at the Bally Total Fitness Center in Rockville, Maryland. Tessa provides administrative services to Chiro One, an entity which provides preventive injury and rehabilitative services within nationally recognized health club facilities. "Tessa is thrilled with the opening of this new facility", stated Tessa's President and Chief Executive Officer, Dr. Brian Regan. Tessa re-established revenue producing services in October, 2001, with the opening of a clinic at the Bally Total Fitness Center in Greenbelt, Maryland. "The opening of this second new clinic reflects the Company's continued efforts and further development of its new business model." The clinic in Rockville is believed to be at one of Bally's most populated fitness centers in the United States.
In other news, Tessa announced results for the quarter ended March 31, 2002, indicating a net loss of $555,537 versus a net loss of $567,819 for the prior year's comparative period. The results reflect no gain/loss per share for the quarter ended March 31, 2002, and a net loss of $.02 per share for the quarter ended March 31, 2001. The loss of $555,537 for the first quarter of 2002 reflects expenses of $367,267 due to stock based compensation, approximately $42,000 due to the direct operations of clinic(s), and the balance is comprised of administrative expenses associated with general corporate infrastructure handling restructuring efforts and providing managerial services for the clinics. For the prior year's comparative period loss of $567,819, $430,456 was due to stock based compensation and the balance reflected corporate expenses related to past restructuring efforts only in that there were no expenses incurred for clinical operations as the Company had ceased operations from November of 2000 through September of 2001.
Additionally, Tessa announced that William Leonard and Stephen Wilson have been appointed to the Board of Directors of the Company. Mr. Leonard and Mr. Wilson are businessmen in Portland, Oregon.
For additional information, contact Dr. Brian Regan, CEO, Suite 101, 35 Fulford Ave., Bel Air, Maryland 21014 or e-mail drbrianregan@aol.com.
About Tessa Complete Health Care, Inc.
Tessa Complete Health Care, Inc. focuses on providing programs to increase the profitability and prominence of chiropractic and physical therapy services by developing clinics within nationally recognized health club facilities.
Safe Harbor
The statements in this press release include forward-looking statements involving certain risks and uncertainties associated with the Company. Actual results, events and performance could differ materially. Readers are therefore cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Tessa Complete Health Care, Inc. undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
--30--cee/cgo*
CONTACT: Tessa Complete Health Care
Dr. Brian Regan, 410/893-4749
KEYWORD: MARYLAND
INDUSTRY KEYWORD: MEDICAL EARNINGS MANAGEMENT CHANGES
SOURCE: Tessa Complete Health Care, Inc.
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-0- May/30/2002 19:37 GMT |
