Supurva Healthcare Group, Inc. Updates Financial Guidance
Guidance Includes Detailed Accounts Receivable of $503,000 and Goals for the Remainder of the Year
Covington, LA, Sep 9, 2015 Supurva Healthcare Group, Inc. (OTC Markets: SPRV), is pleased to announce today that the Company has accumulated accounts receivable are $55,000, current work in progress totals $240,000, work with the state of Texas totals $78,000, and there is $130,000 in income expected through laboratory work which is defined as removable dental appliances be they full or partial dentures. The time cycle on accounts receivable is 150-180 days which is from submission to receiving.
Gerard Danos, CEO of Supurva Healthcare stated, “Our goal is to have an additional $250,000 in receivables and income through the end of the year. So, between the income we currently expect to put on the books through our receivables and our attainable goal of $250,000, this represents a huge turnaround for this Company.
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About Supurva Healthcare Group, Inc.
Supurva Healthcare Group, Inc., a Delaware Corporation, is a healthcare holdings company based in Covington, LA. Supurva, through its wholly own subsidiary On Site Solutions, LLC, provides on-site healthcare for acute, subacute, and nursing facility residents / patients; specializing in dentistry, podiatry, optometry, and wound care. On Site Solutions, LLC currently has arrangements with 14 long term care facilities in Texas in its growing portfolio totaling roughly 1200 beds.
Forward Looking Statement
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. Supurva Healthcare Group, Inc. is a healthcare holdings company. At the time of this release Supurva Healthcare Group, Inc. lacks the financial capabilities to meet its financial obligations and its management expects to dilute the company’s shares to raise the necessary operating capital. Based upon industry standards Supurva would be considered highly speculative and lacks any competitive advantage over its competition. Additional risks you should consider are that this list is limited and additional risk not mentioned may apply: failure to meet Supurva’s financial and contractual obligations, Supurva’s managerial errors made based upon the Company’s limited experience and knowledge of the industry, acts of God and regulatory risk. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
Contact
Gerard Danos, Chairman
Supurva Healthcare Group, Inc.
info@supurvahealthcare.com
1-985-237-3701