Archive for the ‘Hasco Medical Inc. HASC’ Category

HASCO Medical, Inc. (HASC) Reports Pro Forma Financial Results for Year-End 2010 and First Quarter 2011

Wednesday, August 3rd, 2011

Today before the opening bell, HASCO Medical, Inc. announced the combined audited 2010 year-end financial results and the unaudited combined 2011 first quarter financial results for itself and subsidiaries Mobility Freedom and Wheelchair Vans of America.

Total combined revenue for the year ended December 31, 2010 was $12,429,531. Mobility Freedom van sales for 2010 increased approximately 55% year-over-year, Mobility Freedom van rentals increased approximately 45% year-over-year, and Mobility Freedom net income more than doubled year-over-year.

For the three months ended March 31, 2010, Mobility Freedom van sales increased $33,518 to $2,133,736 compared to the same period a year earlier. Net income increased $55,767 to $162,482 for the quarter.

To view the entire financial report filed with the SEC, visit http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8050761

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HASCO Medical, Inc. (HASC) Offers Full Array of Healthcare Solutions

Friday, July 29th, 2011

Hasco Medical, Inc., a medical product and service provider aimed at improving the quality of life for its patients, offers medical devices and supplies in the following three major areas:

• Home respiratory equipment
• Home medical equipment
• Wheelchair accessible vans

As a U.S. managed healthcare provider, the Company provides a wide range of products and services with the intent of becoming a leading provider in the rapidly expanding market of home health care.

The Baby Boomer generation – born between 1946 and 1964 – currently numbers about 75 million, or almost 30 percent of the U.S. population. As this demographic ages, firms engaged in home health care equipment and service offerings see their potential for increasing profits and capturing market share.

For example, while a skilled nursing facility offers respiratory or other medical care at an average cost of $325 per day, and hospitals and ERs offer the same care for a minimum fee of $1,500 per day, home health care services can provide the same equipment, training, and servicing of that equipment over time for a mere $137.

According to a recent newspaper report, not only is home-based health care less expensive and more accessible than nursing home, hospice, or hospital care, it is fully as effective, providing identical levels of service and assistance at costs that dwarf hospital stays, many of which can bankrupt the average fixed-income retiree.

Hasco Medical’s respiratory care equipment runs the gamut from simple nebulizers which deliver a measured dose of such respiratory medications as Albuterol (used to treat asthma, bronchitis, and chronic obstructive pulmonary diseases like emphysema), to more complex care items like oxygen concentrators and oxygen cylinders.

These oxygen delivery systems, which either collect and condense the oxygen present in the air, or deliver oxygen from a sealed and pressurized tank, offer new hope and the possibility of remaining at home for the thousands of young and old suffering from diseases like cystic fibrosis and congestive heart failure – illnesses which formerly mandated hospital or hospice care.

The Company also offers continuous positive airway pressure (CPAP) masks, and the more complex bi-level positive airways pressure (VPAP or BiPAP) masks, both of which help those suffering from either sleep apnea or the above illnesses to get sufficient rest at night.

In addition to providing such equipment, the Company also delivers and prepares the devices, trains users or caregivers in their correct operation, and makes periodic return visits to either confirm that equipment is working properly or to fix it if needed. The Company also delivers supplies like oxygen and Albuterol sulfate cartridges.

Subsequent to its May acquisition of Mobility Freedom Inc. and Wheelchair Vans of America, Hasco Medical also offers new and used wheelchair-accessible vans, along with such relevant peripheral aids as vehicle lifts (which automatically raise wheelchairs to van floor height), driving aids like hand controls in place of floor brakes, and equipment, through six operations centers in the state of Florida. Hasco Medical offers its products and services in this category as an exclusive vendor to some of Florida’s state-funded agencies.

Lastly, to round out its bundle of healthcare-related equipment and service offerings, Hasco Medical offers home mobility aids like wheelchairs and power chairs, as well as other ambulatory aids like walkers. It also provides and services hospital lift beds, bathroom aids and safety equipment for the elderly and infirm, and rehabilitation equipment, either as for-sale, loaner or rental equipment.

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HASCO Medical, Inc. (HASC) Redesigns Mobility Freedom and Wheelchair Vans of America Websites

Monday, July 18th, 2011

HASCO Medical, Inc., a managed healthcare provider that serves patients in Alabama, Florida, and Mississippi, today announced it has launched newly redesigned web sites for Mobility Freedom (www.MobilityFreedom.com) and Wheelchair Vans of America (www.WCvans.com).

Redesigned to be even more customer friendly, MobilityFreedom.com now provides an interactive website which includes current inventory with pictures and prices of all of Mobility Freedom’s new and used vehicles as well as the most current information on conversion vans and accessories. WCvans.com is also easier to navigate, providing easy to find solutions for rental van needs when vacationing or visiting the State of Florida.

Hal Compton, CEO, commented, “We believe our customers will be very pleased with both the content and ease of use of the new websites. The new websites help us fulfill our goal of providing the best customer service in the industry.”

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Select Brokerage Firms Restrict Online Trading of HASCO Medical, Inc. (HASC)

Monday, July 11th, 2011

It has come to our attention that certain brokerage firms are blocking online purchase orders for HASCO Medical. Investors should not be concerned as these brokerage firms often place online trading restrictions on newly introduced micro-cap stocks. If you would like to invest in HASCO Medical or other companies with online trading restrictions in place, simply call the brokerage firm and they will place your order over the phone at no additional charge.

As an OTCQB company, HASCO Medical, Inc. is current in their reporting obligations with the SEC. The company is a managed healthcare provider of a broad range of home healthcare products and services. Focused on becoming a leading provider in this growing market, its three major product lines currently include home respiratory equipment, durable/home medical equipment and new and used wheelchair accessible vans.

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HASCO Medical, Inc. (HASC) Appoints Mike Dumais the Vice President of Sales for Southern Medical and Mobility

Monday, July 11th, 2011

HASCO Medical, Inc., a managed healthcare provider, today announced that Mike Dumais has been appointed to the position of Vice President of Sales for Southern Medical and Mobility, a subsidiary of HASCO Medical Inc.

Most recently Mike was the SVP of sales and operations at eLayaway.com, a business services, listing and alternative payments processor where he devised and implemented a revenue strategy that enabled the company to go public. Previously, he was the VP of Sales for AWay2Give & Pay Inc. where he remains a director, advising Non-Profits. Mike was also the Divisional Sales Director of CompUSA where he was primarily responsible for B2B and Small/Medium Business Sales.

Hal Compton, CEO of HASCO Medical, commented, “We are pleased to welcome Mike to the Southern Medical and Mobility team. Mike’s extensive background and expertise in driving and developing sales teams will be a great asset for the Company as we continue to grow.”

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HASCO Medical, Inc. (HASC) Announces Partnership with G.E. Capital

Monday, July 11th, 2011

After the closing bell Friday, HASCO Medical, Inc., a managed healthcare provider, announced that it has reached an agreement with G.E. Capital to serve as its floor plan financier for both Braun (www.braunability.com) and VMI (www.vantagemobility.com) vehicles at all of its dealerships. This agreement positions Mobility Freedom to stock several new makes and models at each location so customers can pick the vehicle that fits their specific needs immediately.

Under the terms of the agreement, the Company has a $2.3 million dollar credit line with G.E. Capital to floor plan vehicles. The first 60 days is interest free financing on each vehicle.

“We are very pleased to have G.E. Capital’s support, as we continue to grow and expand Mobility Freedom. We are also excited about the ability to stock more inventory for our customers, both are huge wins for Mobility Freedom,” stated Hal Compton, CEO of HASCO Medical.

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HASCO Medical, Inc. (HASC) is “One to Watch”

Friday, July 8th, 2011

HASCO Medical, Inc. is a managed healthcare provider of a broad range of home healthcare products and services. Focused on becoming a leading provider in this growing market, the company’s three major product lines currently include home respiratory equipment, durable/home medical equipment and new and used wheelchair accessible vans.

In addition to offering a wide variety of home medical and respiratory equipment, the company provides a full line of services such as cleaning of equipment, loaner products, trial fittings and samplings, pick-up and delivery of many products, and warranty repair of defective products. HASCO Medical also offers product and technology training for physicians and therapists.

The company’s wheelchair accessible vehicle division provides clients with a complete inventory of new and used wheelchair accessible vans through four corporate owned stores and two affiliates for a total of six operation centers throughout the State of Florida. Personal and commercial vehicle lifts, home mobility solutions, vehicle modifications and driving aids and equipment are also available.

HASCO Medical’s management team is focused on growing revenues while maintaining cost control. To ensure clients receive superior products and services, the company has also implemented quality and performance improvement programs. Offering a full line of products and services to the expanding healthcare industry, HASCO Medical is well positioned to achieve significant growth.

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