Arcadia Resources Appoints Two Independent Members to its Board of Directors
June 19 2006 - 2:20PM
PR Newswire (US)
SOUTHFIELD, Mich., June 19 /PRNewswire-FirstCall/ -- Arcadia
Resources, Inc. (OTC:ACDI) (BULLETIN BOARD: ACDI) , a leading
national provider of home care and staffing services, mail order
pharmacy, respiratory and durable medical equipment, announced
today the appointment of Peter Anthony Brusca, M.D. and Anna Maria
Nekoranec to its Board of Directors, effective July 1, 2006. Dr.
Brusca and Ms. Nekoranec were also appointed members of the Board's
Audit Committee, commencing July 1, 2006. Dr. Brusca and Ms.
Nekoranec are independent within the meaning of the Sarbanes-Oxley
Act of 2002, its implementing regulations, and the Charter of the
Board's Audit Committee. With the addition of these independent
directors, Arcadia's Board of Directors is comprised of a majority
of independent directors. Director and Audit Committee Chairman
John T. Thornton, also an independent director, will continue as
Chairman of the Audit Committee. So that the Company's Audit
Committee will consist solely of three independent directors,
Director and Audit Committee member Lawrence R. Kuhnert, who is
Arcadia's President and Chief Operating Officer, will conclude his
term of service as a member of the Audit Committee as of June 30,
2006. Chairman of the Board and CEO of Arcadia Resources Inc. John
Elliott II stated, "We are pleased to welcome two distinguished
independent members to our Board of Directors. Dr. Brusca spent 39
years as a practicing physician and specialist in the medical
community, making him uniquely qualified to help guide Arcadia's
growth strategies. We are equally honored to welcome Ms. Nekoranec
to our Board. Ms. Nekoranec's investment banking experience
provides an additional resource to ensure Arcadia continues to meet
its corporate governance and fiduciary responsibilities to our
shareholders." Peter Anthony Brusca, M.D. is a physician who
practiced in otolaryngology in the Chicago, Illinois area through
2004. Dr. Brusca earned his medical degree in 1967 from Loyola
University Stritch School of Medicine. He earned his Bachelor of
Science Degree in 1963 from Loyola University, Chicago. He is
certified by the American Board of Otolaryngology, and is a Fellow
of the American College of Surgeons, American Academy of
Otolaryngology Head and Neck Surgery, and is a member of other
professional organizations. Anna Maria Nekoranec has extensive
experience in private equity firms, including LBK Capital, a firm
focused on private equity fund creation and select private equity
investment opportunities, where she has been Managing Director
since 2003. She has previous experience in other private equity
firms in other major U.S. markets, including New York and
Philadelphia. Ms. Nekoranec earned a Master of Business
Administration in Finance and Entrepreneurial Management from The
Wharton School, University of Pennsylvania, in 1991, and a Bachelor
of Arts in Economics and Modern Studies from the University of
Virginia in 1986. About Arcadia Resources, Inc. Arcadia Resources,
Inc. operations include home health care services; non-medical and
medical staffing, including travel nursing; provision of
respiratory and durable medical equipment to patients in the home;
a full service mail-order pharmacy; and a mail-order catalog of
home health care- oriented products. The Company's comprehensive
solutions help organizations operate more effectively and with
greater flexibility, while enabling individuals to manage illness
and injury in the comfort of their own homes. For more information,
visit: http://www.arcadiaresourcesinc.com/ . For investor
inquiries, contact Geoffrey Eiten, Investor Relations, National
Financial Network, 781-444-6100 x613, . See also
http://www.nfnonline.com/acdi . Any statements contained in this
release that are not historical facts are forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21A of the Securities Exchange Act
of 1934, as amended, if applicable to the Company, and otherwise
within the meaning of court opinions construing such
forward-looking statements. The Company claims all safe harbor and
other legal protections provided to it by law for all of its
forward-looking statements. Forward-looking statements involve
known and unknown risks, estimates, uncertainties and other
factors, which could cause actual financial or operating results,
performances or achievements expressed or implied by such
forward-looking statements not to occur or be realized, including
our estimates of consumer demand for retail store health clinic
services, required capital investment, build-out schedules,
competition, and other factors. Actual results may differ
materially from those anticipated or implied in the forward-looking
statements, which speak only as of the date hereof. Additional
information that could materially affect the Company may be found
in the Company's filings with the Securities and Exchange
Commission. The Company disclaims any obligation to update or alter
its forward-looking statements, except as may be required by law.
DATASOURCE: Arcadia Resources, Inc. CONTACT: Geoffrey Eiten,
Investor Relations, National Financial Network, +1-781-444-6100
x613, Web site: http://www.arcadiaresourcesinc.com/
http://www.nfnonline.com/acdi
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