FLOWER MOUND, Texas, Oct. 7 /PRNewswire-FirstCall/ -- American HealthChoice, Inc. (BULLETIN BOARD: AMHI) (the “Company”) announced today that revenues for the three month period ended September 30, 2004 were up 23% from the same period in 2003. Total revenue derived from patient billings was $2,760,000 compared to $2,251,000 in 2003. $282,000 of the revenue increase was attributable to the Company’s Affiliated-Revenue program, and the remaining $227,000 to Company-owned clinics that have been open for more than one year.
Revenue for the twelve-month period ended September 30, 2004 was $9,750,000, a 20% increase compared to the $8,142,000 reported for the twelve- month period that ended September 30, 2003.
According to Dr. J.W. Stucki, CEO of AMHI, “We are very pleased with the fourth quarter and total fiscal year 2004 revenue results. The current quarter to previous year quarter increases, which have been primarily driven by our new Affiliated-Revenue program, will likely continue into our fiscal year 2005 and be evident in our quarter numbers for the period that will end December 31, 2004.”
About American HealthChoice:
American HealthChoice is a medical services company comprised of a parent company and twenty five owned and affiliated medical clinics in Texas.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company’s report on Form 10-KSB for fiscal year 2003 filed with the Securities and Exchange Commission.
American HealthChoice, Inc.
CONTACT: Equitilink LLC, +1-877-788-1940, or for intl. inquiries,+1-858-824-1940, for American HealthChoice, Inc.
Web site: http://www.americanhealthchoice.com/