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Pacer Health Corporation Creates Pacer Logistics, LLC

Business Wire, May 12, 2008

New Identity Signals Expansion into Emerging Markets

MIAMI -- Pacer Health Corporation (OTCBB:PHLH), an owner/operator of hospital, psychiatric care and medical treatment facilities, today announced its plan to expand its portfolio beyond the healthcare industry into turnaround businesses of all market segments through the creation of wholly owned subsidiary, Pacer Logistics LLC. The creation of this subsidiary provides the company with immediate presence and expansion opportunities into a rapidly growing market and signals Pacer's ability to service diverse businesses.

The new corporate focus will be on specializing in restructuring, reorganization and turnarounds of financially distressed companies. The addition of Pacer Logistics creates the opportunity to further diversify revenues by expanding into other industries. The company believes that its core competencies and management turnaround experience can be transferred into other industries and offer additional growth avenues to Pacer's overall portfolio.

Management believes that it will increase shareholder value by expanding into other industries to protect the company against market fluctuations in any one industry. Primary measurements used by management to evaluate entry into new segments are those which represent possible turnarounds and potential profitable operating returns and signal continued long-term growth.

"This is a very exciting time for our company as we expand our business into new markets," said Rainier Gonzalez, chairman and CEO of Pacer Health Corporation and its subsidiaries.

About Pacer Health Corporation

Pacer Health Corporation is a company that focuses on financially distressed businesses in all market segments including and beyond the healthcare arena. Pacer is an owner-operator of acute care hospitals, medical treatment centers and psychiatric care facilities serving non-urban areas throughout the Southeast as well as a division that focuses on restructuring, reorganization and turnarounds of financially distressed companies. Please visit http://www.pacerhealth.com for more information.

"Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. They are only predictions and may differ materially from actual future results or events. Pacer Health disclaims any intention or obligation to revise forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors -- including, but not limited to risks associated with changes in general economic and business conditions (including in the IT and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of market acceptance of our services, and changes in our business strategies -- could cause actual results to differ from those contained in forward-looking statements.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
 

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