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Microcap & Penny Stocks : OPMC - Optimumcare Earnings News -- Ignore unavailable to you. Want to Upgrade?

To: FRANCOIS HAGE who wrote (519)	8/31/1998 11:18:00 AM
From: Tbk	Read Replies (1) \| Respond to of 569

Yeah, I just caught this news release... Sounds like excellent news! I like the sound of progress being made...

To: FRANCOIS HAGE who wrote (519)	9/8/1998 3:39:00 PM
From: t.gawarecki	Read Replies (1) \| Respond to of 569

OPMC News Today......Company to continue share repurchase OptimumCare To Repurchase Up to One Million Shares; Completes Buyback of First 500,000 Business Wire - September 08, 1998 13:36 LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--Sept. 8, 1998-- OptimumCare Corp. (OTC BB:OPMC) Tuesday announced that it had repurchased 500,000 shares of its stock in open market transactions over the past four months, and that it intended to repurchase up to an additional 500,000 shares in the open market at prevailing prices over the next 12 months. "Our Board of Directors has authorized the repurchase of up to an additional half million shares, for a total of one million, because the fundamentals of our company continue to be far stronger than the current range at which our stock is being traded," said Edward A. Johnson, OptimumCare's chairman and CEO. "Just recently we announced our entrance into the Nevada market by opening a partial hospitalization program in Las Vegas. We also said we planned to open a similar site in Portland, Oregon, by year end, and that we intended to launch up to 18 new programs -- four to six in each of the next three years -- in the Western United States." The CEO said that this expansion program, when fully implemented, could have significant upside potential. He said the company's projected revenue, based on current revenue levels and with nearly 30 sites operational, could exceed $25 to $30 million annually. "Given these strong fundamentals," Johnson said, "our Board felt very justified in commencing a second stock buyback for up to 500,000 additional shares." The original stock buyback program was authorized on March 23, 1998 and became effective April 1, 1998. Created in 1987 to respond to opportunities presented by increasing utilization of behavioral health services, OptimumCare Corp. provides a wide range of inpatient and outpatient behavioral health services through a network of affiliated hospitals, medical centers and community health centers. Certain of the statements made herein constitute forward looking statements that involve risks and uncertainties, including the risks associated with plans, the effects of changing economic and competitive conditions, government regulation which may affect facilities, licensing, healthcare reform which may affect payment amounts and timing, availability of sufficient working capital, program development efforts and timing, and market acceptance of new programs which may effect future sales growth and/or costs of operations. Additional information may be obtained by reviewing the company's reports filed from time to time with the SEC. CONTACT: OptimumCare Corp., Laguna Niguel Ed Johnson, 888/448-1848 www.optimumcare.com or Financial Marketing Resources Tom Gavin or Cathy Davis, 800/995-4410 or 949/622-6050