Here is a truncated version of financials in 2004/2005. Note: This is not an SEC filing nor was it sated as audited. That being said here are the highlights:
Dec 2005 Dec 2004
TOTAL ASSETS $ 1,038,623 $515,090
Total current liabilities 720,338 795,959
TOTAL SHAREHOLDERS' EQUITY (DEFICIENCY) 318,285 (280,869)
Revenues $ 1,404,229 630,089
Loss from operations (512,053) (504,939)
Net loss $ (512,782) $(521,975)
EARNINGS PER SHARE - basic and diluted $ (0.01) $(0.03)
Weighted average shares outstanding - basic and diluted 66,454,652 19,830,932
Company's comments:
Jerry Miller, Founder and Director, said, "We are very proud of the strides this organization has taken, more than doubling its revenues as well as doubling its assets. 2006 will be even more impressive with the opening of a significant number of clinics."
ER Urgent Care Centers September Update Friday September 22, 11:24 am ET
MIAMI, FL--(MARKET WIRE)--Sep 22, 2006 -- ER Urgent Care Centers (Other OTC:ERUG.PK - News). We are pleased to announce that both the audited financials for 2005 and the Q's for the first quarter of 2006 will finally be released next week. I know you have all been very patient.
In the future all filings will be done in a timely manner. The firm of Mark Liebman CPA has been retained and will be responsible for the task.
The first quarter of this year has seen tremendous growth from 2005.
Earnings and receivables for the first quarter of 2005 were $186,000.00 compared to this year's first quarter being $526,000.00.
Our expansion projects are moving forward;
-- Fort Myers, Fl. -- closing is set for October 1st an existing urgentcare center with a prime location seeing over 30 patients per day.
-- Deland, Fl. -- closing set for October 1st a family practice with over 4,000 active patients.
-- Las Vegas -- Multi practice purchase currently in negotiations, 6 locations and a 19-year history in healthcare.
- Bill
"If you have no goals in life you are condemned to work for those who do." - Brian Tracy, Time Management Guru.
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MIAMI, FL, Oct 18, 2006 (MARKET WIRE via COMTEX) -- ER Urgent Care Centers (PINKSHEETS: ERUG) is proud to announce the acquisition of Family Physicians of Tampa Bay, Inc. This family practice is located on a main thoroughfare that is very visible to passers-by at 5535 Memorial Highway in Tampa, Florida. The new acquisition will add $1,000,000 in gross revenues and $300,000 to ERUG's bottom line. Family Physicians of Tampa Bay will remain a family practice whose patients' after-hours needs will be met by ER Urgent Care Centers' Tampa location. "This is an excellent addition to our existing patient volume for our Tampa location and brings with it a team of professionals that we are proud to add to our organization," says ERUG Founder and Executive Director Jerry Miller.
MIAMI, FL, Oct 24, 2006 (MARKET WIRE via COMTEX) -- ER Urgent Care Center (PINKSHEETS: ERUG) is proud to announce the completion of its first quarter financial statements. Most significant is a 66% increase in revenues for the first quarter of 2006. "We are very proud of the results of the first quarter. The organization has started the year off on the right track and is headed in the proper direction for continued success," said Jerry Miller, Founder and Director.
Well Rome was not built in one day and this may be a great example of that! Add one more to there list as it keeps growing and growing and growing! If this continues, bet on a much stronger financials for 2006 by buying shares down here!
I have decided though the potential in the company is very good, I am more interested in my other holdings that I feel will have more rewarding returns. For that reason I am closing my position in this stock and handing this thread over to anyone that wants to continue the research, DD and essentially the "good fight"!
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