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Biotech / Medical : AHTC Corp (AHTC)-formerly Advanced Health (ADVH) -- Ignore unavailable to you. Want to Upgrade?

To: CuttotheCore who wrote (310)	9/1/1998 11:41:00 AM
From: Zebra 365	Read Replies (3) \| Respond to of 371

Advanced Health Announces Plan to Buy Back Up to 3.5 Million Shares of Its Common Stock TARRYTOWN, N.Y.--(BUSINESS WIRE)--Sept. 1, 1998--Advanced Health (Nasdaq: ADVH) Chairman and CEO Jon Edelson, MD, announced today that the Board of Directors approved a plan to repurchase up to 3.5 million shares, or 35% approximately, of the Company's outstanding common stock. The plan provides that the shares may be repurchased at the discretion of the Company's senior management over a period of up to six months. In making the announcement, Dr. Edelson stated, "We wholeheartedly believe that Advanced Health's stock is undervalued at current price ranges. We believe our stock price does not reflect: -- Our Company's strategic positioning as an outsourcing services and information technology provider to a compelling market opportunity of large physician groups, hospitals and other health care entities; and -- Our Company's strong cash position and diminimous level of debt. "As we have indicated," Dr. Edelson continued, "we intend to judiciously use our capital to both support organic growth and make acquisitions, when appropriate. In the Board's and my judgment, given our stock's present trading price, there is no more appropriate investment at this time than an investment in our own business." Advanced Health is a leading health care services company that vertically integrates outsourcing services with clinical information systems. Through its Advanced Health Management subsidiary, the Company provides outsourcing services to independent and hospital-affiliated physician practices and networks. Through its Advanced Health Technologies subsidiary, the Company provides clinical information solutions to health care organizations. These information systems provide physicians and integrated delivery systems with patient-specific clinical and health plan information at the point of care to improve the quality and reduce the costs of health care. This press release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties, including failure to meet operating objectives or to execute the Company's operating plan. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission. CONTACT: Advanced Health, Tarrytown Arthur Dague (914) 524-4783 e-mail: adague@advhealth.com This represents more than 50% of the float! Market may be suspicious if they will do it or not but look for "stealth" short covering to support the price soon. 12 IT contracts signed in Q2 will "overwhelmingly show up in Q3 revenues". Size remains to be seen. Zebra