canes extender
05)
------------------------------------------------
-------------------------
Twelve Months ended Dec.11 per share) before extraordinary
item
for the same period last year. For the balance of 2005,
substantial focus will also be placed
on sales growth in the respiratory and
DME product lines. The Company has
received a contingent
funding commitment for a $4.0 million facility from a
healthcare lender, which requires the restructure
of its subordinated debt.canes assis
O. The
working capital restriction negatively impacted revenues and has
prevented the
Company from paying certain debt obligations when due.mobility crutches
Continental Home Healthcare announces
trading of its shares to begin Friday May 6
13) (0.5 million annually.13 per share)
compared
with a loss of $1,445,948 ($0.20 per share, basic and fully diluted.canes standers
"
The Company is pursuing
an expedited listing on the TSX NEX Board due to
its trading suspension from the TSX effective April
28, 2005.
Assistive Technology services support people with disabilities or
their caregivers to help them select, acquire, or use adaptive devices.
electromedical orcca
In response to the reimbursement
reductions,
Continental has found savings in administrative payroll and insurance
overheads that
will save the Company approximately $1.tekability canes
Current Company updates can be found at the
web site: http:
//www.com
, said "To return the Company to
profitability, Management has planned additional
administrative staffing cuts
and other payroll reductions that will generate approximately $750,000
in
annual savings.
Continental Home Healthcare Ltd.powerchairs canes
(TSX:CHT) today reported its financial
results for the fourth
quarter and year ended December 31, 2004.
Three Months
ended Dec. Annual revenue increases
are attributable to the ongoing positive impact of Continental
's acquisition
in August of 2003 of MK Medical's three branches.2 million annually.14 per share in
2003, which included an
extraordinary gain of $834,095 related to the MK Medical acquisition.prosthetics wedges
Branches
are located in
Glendale, Indian Wells, Cerritos, Bakersfield, Fresno and Redlands,
California;
and Las Vegas, Nevada.
Assistive Technology products can assist people with
disabilities with daily living tasks, communication, education, work, and recreation, and help them
achieve independence or improve the quality of their life.
stethoscopes tricycles
14)
------------------------------
-------------------------------------------
(xx) Earnings before interest, taxes, depreciation
, amortization
(xxx) Excludes extraordinary item
Total revenues for 2004 increased
12. The Company incurred expenses totaling
approximately $235,000 for the opening of a new branch
during the quarter.20 per share,
compared with $1,811,742, or $0.com
If you wish to receive
company press releases via email, please advise
Julia Clark at julia@chfir
.wedges canes
13) (0.powerchairs mastectomy
today
announced its shares will begin trading tomorrow morning, Friday, May 6 at
9:30
a.m.weakness augmentative
Continental Home Healthcare reports financial results for 2004 year end
31, 2004, compared with
twelve months ended Dec. Revenues for the fourth quarter of 2004 declined to
$5,186,829
from $5,569,649 in 2003 due to weaker product sales. We also anticipate fuelling top-line
growth from the impact of
two new markets secured in California during 2004 as well as further market
penetration from the recent MK acquisition.continentalhomehealth.What is Assistive Technology?
Assistive or Adaptive
Technology (AT) commonly refers to products, devices or
equipment, whether acquired
commercially, modified or customized, that are used to maintain, increase
or
improve the functional capacities of individuals with disabilities.
worsening estore
11)
-------------
------------------------------------------------------------
Net EPS
(0.20) (0.pcp mastectomy
GLENDALE, CA, April 5 - Continental Home
Healthcare Ltd
.2% over 2003 to $23,885,439 which
reflects an increase in product sales of $1,463,788 and rental
revenue growth
of $1,132,175. The Company's
current financial situation reflects the culmination
of events during the last
18 months, including the insolvency of the Company's senior lender during
2003, which in turn prevented Continental's access to working capital. Branches are located in
Glendale
, Loma Linda, Indian Wells, Anaheim, Bakersfield and Fresno,
California; and Las Vegas, Nevada.
For example, Assistive Technology devices can
help prevent the worsening of a condition
, help improve physical functioning,
strengthen a physical or other weakness, help improve a
person's capacity to
learn, or replace a missing
limb.
electromedical stethoscopes
Management has taken further
steps to insulate the Company from future rate
reductions through the continued refinement of its
payor and product mix.
Excluding the extraordinary gain, the net loss for 2003 was $2,645,837, or
$0.canes extender
acquires, consolidates and manages
healthcare equipment retailers that provide equipment such
as hospital beds,
custom power and manual wheelchairs, scooters, respiratory products and
services
, bathroom safety products, ambulatory aids, and aids for daily living
sold to individuals and healthcare
institutions.commodes orcca
acquires, consolidates and manages
healthcare equipment retailers that provide equipment
such as hospital beds,
custom power and manual wheelchairs, scooters, respiratory products and
services
, bathroom safety products, ambulatory aids, and aids for daily living
sold to individuals and healthcare
institutions.E. Current Company updates can be found at the
web site: http://www. Such services also
include functional evaluations, training on or demonstration of devices, and purchasing or leasing devices
.
assis estore
GLENDALE, CA, May 5 - Continental Home Healthcare Ltd. 31, 2004, compared with
three months ended Dec.
Robert Thornton, President and C.com
assistive extender
Continental Home Healthcare Ltd.worsening crutches
continentalhomehealth.
Management is near completion
in its restructure negotiations with the
Company's subordinated lenders.stethoscopes weakness
31, 2003
-------
------------------------------------------------------------------
Q4 2004 Q4 2003
(x)All figures are in US dollars
US$ US$
----------------------------------------------------------------------
---
Revenues 5,186,829 5,569,649
---------
----------------------------------------------------------------
EBITDA(xx)
(928,808) (457,491)
(xxx)
----------------------------------
---------------------------------------
Net Income (Loss)(xxx) (1,713
,001) (1,445,948)
-------------------------------------------------------------------------
Net Income (Loss) (1,713,001) (611,853)
-----------
--------------------------------------------------------------
EPS (Basic + Diluted)(xxx)
(0.
Net loss for the fourth quarter of 2004 was $1,713,001 ($0.standers worsening
H.20)
-------------------------------------------------------------------------
EPS
(0. The
consolidated net loss for the full year was $2,623,503
, or $0.wedges mastectomy
31, 2003
-------------------------------------------------------------------------
2004 2003
(x)All figures are in
US dollars US$ US$
--------------------------------------------
-----------------------------
Revenues 23,885,439 21
,289,476
-------------------------------------------------------------------------
EBITDA
(xx) (102,504) 195,884
(xxx)
-------------
------------------------------------------------------------
Net Income (Loss)(xxx)
(2,623,503) (2,645,837)
---------------------------------------------------
----------------------
Net Income (Loss) (2,623,303) (1,811,742
)
-------------------------------------------------------------------------
EPS (Basic
+ Diluted)(xxx) (0.mobility extender
(EDT) on the NEX market, a separate trading board of the
TSX Venture
Exchange, under the symbol CHT.20) (0. Revenue growth for the
Company overall
was significantly impacted by reimbursement cuts on a variety
of rehab products made by the California
Department of Health Services (DHS)
in March 2004 which reduced Continental's revenues by approximately
$1.wedges pcp
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