, Specialty Risk Services (SRS),
one of the nation's largest property casualty third party administrators for
workers' compensation and general liability claims, announces that the
California Division of Workers' Compensation (DWC) has approved 46
applications of medical provider networks (MPNs) on behalf of SRS' self-
insured employer and carrier clients. "We
will maximize the ability to direct medical care in order to achieve the best
workers' compensation outcomes and performance. Founded in 1990, the
company provides workers ' compensation, auto, general and product liability,
integrated disability, claim administration and risk management services
nationwide.2 $8.1 29.7

Expenses
Brokerage Segment 7.5 8.

About Arthur J., an international insurance brokerage and risk
management services firm, is headquartered in Itasca, Illinois, has operations
in eight countries and does business in more than 100 countries around the
world through a network of correspondent brokers and consultants.com.

ebms insured

newscom.
By using MPNs, employers often see reduced medical costs as a result of
price discounts on customary rates. In order to obtain state
approval , network applicants must be self-insured employers or carriers
licensed in the state of California .
(NYSE: AJG) today announced the sale of Gallagher Benefit Administrators, Inc.

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Potential savings may be as high as 34
percent in indemnity costs and 39 percent in medical costs.
"SRS offers California employers a choice of two superb networks of
providers along with dedicated account management support," Boures said. Gallagher + Co.0 $5. offers its clients substantial discounts on services
rendered through its network of ancillary care providers in more than 30
service categories.

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GBA, a third party employee benefit claim payment administrator, was sold
to The Parker Group , Inc.5 $1.23 per share last year."

About American CareSource Holdings, Inc.

administrators insuring

("GBA ") and Northshore International Insurance Services ("NiiS").
NiiS, primarily a provider of medical claims management and auditing
services, was sold to the NiiS management group.

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The Parker Group will be
responsible for supporting all current GBA clients and will continue to manage
customer support from GBA's existing corporate office in Lisle, Illinois. Gallagher + Co. (OTC Bulletin Board: ACSH) today announced financial results
for its fourth quarter and year ended December 31, 2005.

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8
Risk Management Segment 27.4 million, or $0.

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Other expenses may
also be positively impacted, including case management, utilization management
costs and litigation fees as claims close faster and with less lost time,"
said Joe Boures, president, Specialty Risk Services. Gallagher
is traded on the New York Stock Exchange under the symbol AJG. American CareSource Holdings, Inc.

Firms which administer claims handling and other services for insurance carriers and self -funded plans.

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0 million last year.
Net loss for the fiscal year 2005 was $2. We are
well positioned to handle additional growth and continue to provide exemplary
service to which our current clients are accustomed. Such statements may involve risks and uncertainties, including
but not limited to those relating to product demand, pricing, market
acceptance, the effect of economic conditions, and intellectual property
rights, and the outcome of competitive products, risks in product development ,
the results of financing effort, the ability to complete transactions, and
other risks identified in this release, and the Securities and Exchange
Commission filings of American CareSource Holdings , Inc.

administrator administrators

The second option is a larger network comprised of approximately 73,000
providers and includes all the providers in the first network, plus additional
providers.

2004 2003 2002
($ in Millions)
Revenues
Brokerage Segment $6. IRVING, Texas, American CareSource
Holdings, Inc.19 per share,
compared to $2. For more information on American CareSource, visit
http://www. It is possible that the assumptions made by
management for purposes of such statements may not materialize.
STATEMENT OF CASH FLOW AS OF DECEMBER 31 ,
2005 AND 2004
2005 2004

CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) $(2,406,518) $(2,831,238)

Adjustments to reconcile net loss to net
cash (used in) operating activities
Depreciation and amortization 310,915 295 ,802
Goodwill impairment - 802,105
Stock option compensation 200,000
Gain on disposal of assets (6,729) -
Amortization of debt issuance costs 145,146 -
Changes in operating assets and
liabilities
Accounts receivable (21,468) 25,744
Prepaid and other assets (17,356) 3,147
Due to service providers 16,664 (340,429)
Accounts payable and other accrued
liabilities 33,516 (748,426)
Net cash used in operating activities (1,812,862 ) (2,793,295)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment (126,487) (44,995)
Proceeds from sales of equipment 31,656 3,475
Acquisition costs - (68,093)
Net cash used in investing activities (94,831) (109,613)

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from line of credit, net 3,250,000 200,000
Proceeds from long term debt 33,727 --
Payments on long term debt (54,125) (293,732)
Change in excess of outstanding checks
over bank balance - (189,608)
Former parent contributions - 1,549,751
Net (payments to) advances from former
parent (1,315,259) 1,651,536
Net cash provided by financing activities 1,914,343 2,917,947

Net increase in cash 6,650 15,039

Cash at beginning of year 16 ,749 1,710
Cash at end of year $23,399 $16,749

SUPPLEMENTAL CASH FLOW INFORMATION, cash
paid for interest $145,499 $21,483

SUPPLEMENTAL DISCLOSURE OF NON-CASH
OPERATING AND FINANCIAL ACTIVITIES
Warrants issued for debt guarantees 376,646 - -
Stock option compensation 200,000
Advances from former parent converted to
long-term debt 336,227
Acquisition of equipment through capital
lease 59,601

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American CareSource Holdings Reports Year-End Financial Results

In
addition, we designed and implemented a software package that identifies the
available cost savings opportunities for new clients by matching individual
claims data on an exact match basis from the client's claim history, something
we believe no other company in our industry space can do. Our team also
completed the design and implementation of our propriety software to revalue
claims automating over 90 percent of our current and future volume.'s ancillary network
management provides a complete outsourced solution for a wide variety of
healthcare payors and plan sponsors including self-insured employers,
indemnity insurers, PPOs, HMOs, third party administrators and both the
Federal and local governments.

fnb maxon

For more information regarding SRS MPN provider networks, contact Shirley
Swanson at (860) 520 -2575. NiiS was part of NiiS/APEX
Group Holdings that Gallagher acquired in 2002. APEX is not part of this
transaction and will remain an operation of Gallagher Benefit Services, Inc.6
Risk Management Segment 25. They are headquartered in Danvers,
Massachusetts with offices in Illinois, New Jersey, Georgia and Pennsylvania.

"Foremost, through the hard work of our
employees, we expanded our network from 12,000 to over 20,000 sites.

tpa ebms

As a result of these dispositions, a non-recurring net loss of less than
$. Actual results
may differ materially from those projected or implied in any forward-looking
statements.

npa hpa

About NiiS
NiiS is a provider of professional claims management and audit services
for medical, disability, workers ' compensation and other property and casualty
coverages to Insurers, Reinsurers, Corporate Self-Insureds , Governmental
Entities and Lloyd's Syndicate.anci-care. at
December 31, 2005 less current maturities 3,845,929 219,325

STOCKHOLDERS' EQUITY

Common stock, par value $0.

captives bps

They are more proficient in providing the
appropriate documentation that is required by workers' compensation
regulators.

SRS offers clients two MPN networks:
The first option is comprised of approximately 23,000 providers and
focuses on the EPP (Exclusive Preferred Provider Program) specialized subset
network of point of entry providers who are known to be highly focused on
treatment of occupational injuries and return-to-work. The decrease in revenue was
primarily due to the Company redirecting its focus on providing ancillary care
benefit management services to direct payors, Third Party Administrators
(TPAs) and the elimination of contracts that did not support the Company's
long-term business model.23)
Weighted Average Shares Outstanding 12,371,309 12,371,309

AMERICAN CARESOURCE HOLDINGS, INC.

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"SRS analysis shows that SRS clients can save as much as 36 percent on the
total average paid with network usage . In the current, ever-changing
legislative and regulatory environment, SRS provides the communication updates
and services our clients rely on. This includes state-approved,
bilingual employee communication tools, such as the employer notification to
California employees at least 30 days prior to directing medical care to MPN
providers. Terms of
the transactions were not disclosed.
The following is a summary of the annual amounts directly associated with
these discontinued operations that were included in Gallagher's previously
reported financial information. Schellhammer, Chief Executive Officer and Chairman of the Board for
American CareSource Holdings.

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4 million compared
to approximately $6.

insured hmos

About Specialty Risk Services
Based in Hartford, CT, Specialty Risk Services, LLC (SRS) is one of the
largest Third Party Administrators in the industry.

AMERICAN CARESOURCE HOLDINGS, INC.

captives fnb

(Logo: http://www.

Arthur J. Gallagher + Co. Announces Sale of Two Medical Claim Management Operations

of Lubbock, Texas. During 2004 there was
an $800,000 non cash charge for goodwill impairment, while there was no
impairment during 2005.
CONSOLIDATED BALANCE SHEETS AS OF
DECEMBER 31, 2005 AND 2004

2005 2004
ASSETS

CURRENT ASSETS
Cash $23,399 $16,749
Accounts receivable 482 ,159 460,691
Prepaid and other current assets 30,151 12,795

Total current assets 535,709 490,235

NET PROPERTY AND EQUIPMENT 175,608 111,780

NET INTANGIBLE ASSETS 1,921,401 2,134,983

GOODWILL 4,361,299 4,361,299

$6,994,017 $7,098,297

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Due to service providers $386,217 $369,553
Accounts payable and other accrued
liabilities 352,383 385,899
Payable to Patient Infosystems, Inc.
SUMMARY INCOME STATEMENT AS OF
DECEMBER 31, 2005 AND 2004
2005 2004

Revenues:
Ancillary health $4,219,133 $5,512,927
Patient claims processing 198,313 524,397

Total revenues 4,417,446 6,037,324

Total costs of revenues 4,407,290 5,840,589

Contribution margin 10,156 196,735

Selling, general and administrative
expense 1,804,793 1,913,976
Impairment of goodwill - 802,105
Depreciation and amortization 310,915 295,802

Total operating expenses 2,115,708 3,011,883

Operating (loss) (2,105,552) (2,815,148)

Other expenses:

Interest expense 146,492 12,349
Debt issuance cost 154,474 -
Other - 3,741

Total other expenses 300,966 16,090

Net (loss) before income tax (2,406,518) (2,831,238 )
Income tax expense - -

Net (Loss ) $(2,406,518) $(2,831,238)

Net (Loss) per share - basic and diluted $(0.

captives administrators

Better understanding of occupational requirements generally
results in earlier return-to-work dates for injured employees., Arthur J.3

About the Parker Group
The Parker Group is a privately-held health care management organization.01, 40,000,000
shares authorized and 12,371,309 issued
and outstanding as of December 31, 2005
and 2004 123,713 123,713
Preferred stock, par value .01, 10,000,000
shares authorized and none outstanding
as of December 31, 2005 and 2004
Additional paid-in-capital 7,734,800 7,158,154
Deferred debt issuance cost (231,500) -
Accumulated (deficit) (5,237,756) (2,831,238)

Total stockholders' equity 2,389 ,257 4,450,629

$6,994,017 $7,098 ,297

AMERICAN CARESOURCE HOLDINGS, INC.19) $(0.

performax hmos

Approved by more than 18 insurance carriers, SRS offers bundled
and unbundled services to both self-insured and insured clients, including
many Fortune 1000 companies.7 31. Gallagher + Co.
Revenues for the fiscal year 2005 were approximately $4. -- 1,651,536

Current maturities of long-term debt 20,231 21,355

Total current liabilities 758,831 2,428,343

LONG-TERM DEBT, including $336,277 payable
to Patient Infosystems , Inc.

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This network offers greater coverage and access for those clients
whose employees are least centrally located.8 million, or $0.

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com/cgi-bin/prnh/20040920/NEM026LOGO )
The workers' compensation reforms of Senate Bill 899 (SB899) provide
California employers and insurers the opportunity to direct medical care by
establishing an approved MPN."
Once network filings are approved, SRS provides account specific support
and customized resources to assist each client on implementing their MPN
program based on California requirements.01 of diluted earnings per share will be reported in the first quarter 2005.1 27.6

Earnings before income taxes $0.
"We are very proud of our accomplishments during the past year," stated
Wayne A.:
American CareSource Holdings, the first national, publicly traded
ancillary care benefit management company, is a comprehensive ancillary care
service provider offering a national network of more than 20,000 ancillary
provider sites. Through its product offerings, American
CareSource Holdings, Inc.

Any statements that are not historical facts contained in this release are
forward-looking statements.

siba tpa

Specialty Risk Services Obtains 46 Approved Medical Provider Network Filings in California

HARTFORD, Conn . Workers' compensation network providers
also tend to be more knowledgeable about occupational injuries and effective
methods of care for such injuries.
MPNs are required to meet certain access standards of care for common
occupational injuries and work-related illnesses.6 6.6 29.

ppos administrators

ITASCA, Ill.7 $1.
Separate companies provide employee benefit and third party administration ,
preferred provider organization network services, medical and case management,
wellness, and information technology including EDI clearing house, paper to
EDI conversion and PPO repricing.
Arthur J.