World Health Alternatives, Inc. Acquires Assets of Travel Nurse Solutions, Inc.; Southeast Medical Staffing Company Indicates Currently Achieving $20 Million Annualized Run Rate

Business Wire, Oct 26, 2004

PITTSBURGH -- World Health Alternatives, Inc. (OTC BB: WHAI), a premier medical staffing company that provides medical, professional, and administrative staffing services to the healthcare industry, announced today that it has completed its acquisition of substantially all of the assets of Travel Nurse Solutions, Inc. ("TNS"), a privately held medical staffing company headquartered in Birmingham, Alabama.

TNS, which specializes in nurse staffing, has a database of approximately 8,000 nursing professionals and serves approximately 350 medical facilities from its offices in Birmingham and Mobile, Alabama and Cincinnati, Ohio. The addition of these offices will increase the number of World Health offices to twelve. TNS indicates that its run rate over the third quarter of this year was approximately $20 million in annual sales, with approximately $16 million in revenues expected for the fiscal year ending December 31, 2004, and that its operations have been profitable throughout the year. There can be no assurances that such run rate or the projected revenues for the fiscal year ending December 31, 2004 will be realized.

Richard McDonald, President of World Health, said, "We believe that this acquisition will provide geographic and strategic benefits to World Health. First, the southeastern part of the U.S. is a region of specific interest and importance to us, in part because it's home to a large pool of nurses. Second, TNS's management team, which has been successful with TNS, will be joining World Health and should continue to achieve the levels of growth and success that they enjoyed at TNS. Third, TNS's operations and contacts mesh well with our existing operations, which should lead to a smooth and productive integration."

The terms of the transaction include, in part, an immediate cash payment of $5,621,549, 747,950 shares of the Company's restricted common stock and the assumption of TNS's existing operating debt of approximately $680,000. The transaction also includes earn-out provisions over the next two years pursuant to which the Company could be required to issue shares of its restricted common stock worth up to an aggregate of $2.5 million if certain earnings goals are met during the first and second twelve-month periods after the transaction's closing date. TNS's current employees and its entire management team will become employees of World Health.

Paul Gunnoe, President of Travel Nurse Solutions, said, "This acquisition suits both parties. TNS will benefit from the national reach and presence of World Health. In turn, World Health will gain access to new territories and to some of the best travel nursing talent available."

Mr. McDonald concluded, "This is World Health's fifth acquisition since adopting our strategy of expanding our business through acquisitions and organic growth. As with previous acquisitions, TNS is well run so we anticipate that the transaction will be immediately accretive. We will also continue to pursue suitable acquisition opportunities while maintaining strong organic growth."

About World Health Alternatives

World Health Alternatives, Inc. is a premier human resources firm offering specialized healthcare personnel for staffing and consulting needs in the healthcare industry. The Company, through its World Health and MedTech Medical Staffing Divisions, places its experienced personnel on a project, temporary, permanent, or temporary-to-permanent basis. These options allow clients to control the expenses associated with new staff while also giving them the unique opportunity to evaluate a candidate's performance essentially risk-free. Headquartered in Pittsburgh, PA, the Company has branch offices in Birmingham, AL, Mobile, AL, Citrus Heights, CA, Boca Raton, FL, Sanford, FL, Danvers, MA, Portsmouth, NH, Nashua, NH, Cincinnati, OH, Cleveland, OH and Portland, OR. Additional information about World Health can be found at the Company's website at www.whstaff.com.

This press release contains forward-looking statements. The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "can," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether the Company will successfully acquire existing staffing companies to grow its staffing business; (b) whether the Company will have adequate financing to expand the business; (c) whether the Company will effectively manage its expanding operations, which will place significant demands on its managerial, financial and informational systems; (d) competition among medical staffing companies for clients and qualified nurses and other healthcare professionals and personnel; (e) the Company's ability to locate and fill staffing orders; (f) whether general economic conditions and the regulatory environment will be favorable to the growth of the Company's business; (g) the Company's ability to grow organically; (h) whether the Company will be able to retain and maintain TNS's existing clientele and consultant base; (i) whether the current run rate of the TNS operations on an annualized basis will continue to be achieved; whether TNS's operations will achieve approximately $16 million in revenues and continue to be profitable for the fiscal year ending December 31, 2004; (j) whether the acquisition will provide geographic and strategic benefits to the Company; (k) whether TNS's management team will achieve with the Company the levels of growth and success they had at TNS; (l) whether TNS's operations and contacts mesh well with the Company's existing operations and will lead to a smooth and productive integration; (m) whether TNS's operations will benefit from the Company's national reach and presence; (n) whether the Company will gain access to new territories and some of the best travel nursing talent available as a result of the acquisition; (o) whether TNS's operations will continue to be well-run following the acquisition; (p) whether the acquisition will be immediately accretive; (q) whether the Company will be successful in pursuing suitable acquisition opportunities and maintain strong organic growth; (r) other factors set forth in the Company's periodic reports and Form SB-2 Registration Statement filed with the Securities and Exchange Commission which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.