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| MHCC Monster Volume and Trading Near High of the Day |
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 Hot Stock to Watch |
Company: Millennium Healthcare, Inc. (OTCQB: MHCC)
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Last:
Price: 0.051
Change (%): + 0.0034 (7.14)
Volume: 3,728,821 |
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Millennium Healthcare Inc. CEO Shareholder Update
MELVILLE, NY - (Marketwired - May 07, 2015) - Millennium Healthcare Inc. (OTCQB: MHCC), a healthcare services and medical device distribution company, is pleased to announce a brief update to its shareholders regarding its results for 2014 and outlook for 2015.
To Our Shareholders:
Millennium Healthcare Inc. as an early stage emerging growth company in the medical device industry and is rapidly becoming a sales innovator in bringing exclusive medical device technology to previously underserved or overlooked distribution channels. Millennium is fast developing a network of ACO’s (Accountable Care Organizations) and PHO’s (Physician Hospital Organizations) that have embraced the Company’s product offerings.
We would like to take a moment to update you as well as recap our performance over the last year and provide some insights into our future developments.
Millennium has been diligently focused on growing its business in the medical device industry. Our management team has been completely immersed in developing new distribution channels for our products and services. The third quarter of 2014 was the first full quarter where the Company executed its strategy of providing exclusive diagnostic devices to primary care physician groups. The third and fourth quarter 2014 sales of our OralCDx® and VasoScan™ diagnostic devices exceeded anticipated results. We will continue to focus on delivering the best possible customer service to our valued partners. We feel that this deep commitment to growing the business at this early stage will be the foundation for growth in shareholder value over the long run.
Management believes that the current share price does not reflect the overall value of the enterprise. The Company has seen a dramatic increase in the amount of shares traded in its common stock. This increase in activity represents an increase in investor interest and shareholder diversity. In 2013 our Company shares traded on average approximately 31,665 shares per day. In 2014 our Company’s shares have traded on average approximately 247,454 shares per day. During 2015 our shares have currently traded on average approximately 600,000 shares per day. We feel that the increased liquidity of the Company’s stock is of great value to our shareholders and to the long-term performance of our common shares.
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