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To: joepcf who wrote (115954)	6/16/2003 8:36:53 AM
From: Taki	Respond to of 150070

MDPA= METCARE Advised of Investigation I do not know Joe. B: METCARE Advised of Investigation WEST PALM BEACH, Fla., Jun 13, 2003 (BUSINESS WIRE) -- Metropolitan Health Networks, Inc. (METCARE (SM)) (OTCBB:MDPA), a leading provider of healthcare services, has been informed that the U.S. Attorneys' Office in Wilmington, Delaware is conducting an investigation which may focus on the Company. The inquiry, which is in an early stage, does not appear to be related to Metropolitan's underlying healthcare or pharmacy business practices. The Company intends to cooperate with the U.S. Attorneys' Office in this investigation. About Metropolitan Health Networks, Inc. METCARE is a growing healthcare organization in Florida. The Company currently manages healthcare services for approximately 45,000 patients and is part of a network of physicians serving more than a million people from Miami to Daytona Beach on Florida's East Coast. Metcare Rx Pharmacy Services provides comprehensive pharmacy benefits management programs and service to medical groups managed care organizations, long-term care facilities and outpatient hospital pharmacies. Metcare Rx's integrated approach is designed to provide clients with programs and services that will allow them to deliver quality pharmaceutical care in a cost-effective manner. To learn more about Metropolitan Health Networks, Inc., please visit its website at metcare.com Certain statements contained in this news release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to uncertainties and risks in part detailed in the company's Securities and Exchange Commission 10-K, 10-Q, S-8 and 8-K filings, that may cause actual results to materially differ from projections. Although Metropolitan Health Networks, Inc. believes its expectations are reasonable assumptions within the bounds of its knowledge of its businesses and operations; there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the company's ability to continue as a going concern; the fact that the company has not achieved positive cash flows; volatility of the company's stock and price; the ability to raise funds for working capital and acquisitions; access to borrowed or equity capital on favorable terms and finalizing. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this report will, in fact, occur. SOURCE: Metropolitan Health Networks, Inc. CONTACT: Metropolitan Health Networks, Inc., West Palm Beach Michael M. Earley, 561/805-8500 URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2003 Business Wire. All rights reserved. -0- ProviderSequenceNumber: 5291 KEYWORD: FLORIDA INDUSTRY KEYWORD: MEDICAL PHARMACEUTICAL * end of story *