MELBOURNE, FL -- (Marketwired) -- 01/28/16 -- First Choice Healthcare Solutions, Inc. (OTCQB: FCHS) ("FCHS," "First Choice" or "the Company"), one of the nation's only non-physician-owned, publicly traded healthcare services companies focused on the delivery of Orthopaedic care and treatment, today announced details relating to its new comprehensive corporate communications strategy designed to reach and educate the investment community on the Company's financial and operational performance.
More specifically, First Choice has engaged Institutional Marketing Services ("IMS") and Wolfe Axelrod Weinberger Associates ("WAW") -- both nationally recognized, full service, investor relations firms -- who will closely collaborate with the Company's management team to achieve broader investor awareness while materially expanding institutional sponsorship and independent research coverage of the Company.
John Nesbett, founder and President of IMS, commented, "First Choice is experiencing robust growth with a unique strategy of partnering with small to medium size physician-owned practices to provide them with a better option than becoming absorbed into large hospitals. Revenue grew 233% with EBITDA of $1.9 million in the third quarter, and the recently announced purchase agreement to sell Marina Tower for $15.45 million, subject to closing conditions being met, will transform the Company's balance sheet and provide meaningful non-dilutive capital to support First Choice's growth and acquisition initiatives. IMS is delighted to be a part of the Company's communications team and we look forward to contributing measurably to its ongoing success."
"Through our pro-active investor relations program for First Choice," noted Donald Weinberger, Managing Member of Wolfe Axelrod Weinberger Associates, "we believe that investors will soon recognize that this Company has made enormous business strides in a relatively short period and appears to be on the cusp of achieving even more pronounced growth in the year ahead. Consequently, it is our belief that as First Choice continues to successfully execute its many exciting growth strategies, an appropriate re-evaluation of its worth will occur. We are very pleased to begin working with First Choice's team and are anxious to begin sharing the Company's powerful growth message with investors."
Christian Romandetti, President and CEO of First Choice, stated, "Our decision to build a diverse, but highly complementary, corporate communications team comprised of well respected, experienced investor relations professionals was fueled at its core by our belief that First Choice has and will continue to represent a very attractive investment opportunity for those individual and institutional investors seeking to invest in the future of U.S. healthcare. By partnering with both WAW and IMS, we will look to draw on their respective strengths, spheres of influence and unique approaches to building market awareness to catapult our Company into Wall Street's spotlight, earning us the attention and support of a much larger audience of First Choice champions."
About Institutional Marketing Services
Institutional Marketing Services, Inc. (IMS) (www.institutionalms.com) is a full-service investor relations firm founded by John Nesbett. The firm offers expert advice and enhanced execution across all investor relations activities to help companies build credibility and reach in the investment community. The firm's strategic consulting capabilities are rooted in many years of experience helping public companies amplify their message on Wall Street.
About Wolf Axelrod Weinberger Associates, LLC
For over 25 years, Wolfe Axelrod Weinberger Associates (WAW) (www.wolfeaxelrod.com) has assisted publicly traded emerging growth companies by telling their corporate stories to both Wall Street and Main Street. The firm designs and implements pro-active, creative and aggressive programs that have enabled our clients to lower their cost of capital and capture the attention they deserve from the investment community. WAW helps build value for its clients. It utilizes its knowledge of the financial markets and apply strategic thinking to produce tangible results for clients: increased access to the capital markets, an expanded base of investors, research coverage and increased institutional holdings. WAW's extensive nationwide contacts in the financial and media communities enable it to achieve these goals.
About First Choice Healthcare Solutions, Inc.
Headquartered in Melbourne, Florida, First Choice Healthcare Solutions (FCHS) is implementing a defined growth strategy aimed at building a national collective of world class medical centers of excellence in key expansion markets throughout the U.S. with concentration in neurology, orthopaedics, spine surgery and interventional pain medicine, as well as related ancillary care services. Serving Florida's Space Coast, the Company's flagship regional network currently administers over 100,000 patient visits each year and is comprised of First Choice Medical Group, The B.A.C.K. Center and Crane Creek Surgery Center. For more information, please visit www.myfchs.com, www.myfcmg.com, www.thebackcenter.net and www.cranecreeksurgerycenter.com.
Safe Harbor Statement
Certain information set forth in this news announcement may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of First Choice Healthcare Solutions, Inc. Such forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management beliefs and certain assumptions made by its management. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Information concerning factors that could cause the Company's actual results to differ materially from those contained in these forward-looking statements can be found in the Company's periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.
At Wolfe Axelrod Weinberger Associates
Donald C. Weinberger
Stephen D. Axelrod, CFA
At Institutional Marketing Services
At First Choice Healthcare Solutions, Inc.
Source: First Choice Healthcare Solutions, Inc.
Released January 28, 2016