QualityStocks.net News – Arcadia Resources, Inc. (KAD) Announces Improved Financial Results for 2008

We would like to highlight Arcadia Resources, Inc. (AMEX: KAD). Arcadia HealthCareSM is a service mark of Arcadia Resources, Inc. (AMEX: KAD), and is a leading provider of home health care / medical staffing; respiratory / home health equipment and specialty pharmacy services under its proprietary DailyMed™ program. DailyMed™ transfers a patient's prescriptions, over-the-counter medications and vitamins, and organizes them into pre-sorted packets clearly marked with the date and time they should be taken.

In the company’s recent news,

Shares of Arcadia Resources, Inc. climbed higher on the announcement of the company’s significantly improved financial results for its fiscal fourth quarter and the year ending March 31, 2008.

For the quarter, the company announced a net loss of $2.9 million, a significant improvement from the net loss of $29.7 million reported for the fourth quarter one year earlier. Over the past 12 months, Arcadia Resources reported net revenues of $151.0 million, compared with $143.7 million during the previous 12-month period, excluding discontinued operations. The company has now recorded two consecutive quarters of positive cash flow and positive EBITDA from continuing operations.

Looking ahead, the company expects significant revenue growth in its pharmacy segment in 2009. With several new initiatives underway, Arcadia Resources has expanded its core DailyMed program with Evercare, a division of United Health Care, in an effort to continue to grow EBITDA and elevate positive cash flow. These new programs, combined with the improvements the company has made over the past year, will allow Arcadia Resources to escalate revenue growth into fiscal year 2009.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.