|By Marketwired .||
|March 13, 2014 07:39 AM EDT||
SAVANNAH, GA -- (Marketwired) -- 03/13/14 -- MIT Holding, Inc. (OTCQB: MITD) announces its projected revenues in the first quarter rose 15 percent year over year. The Savannah, GA based holding company estimates 2014 year end revenues of $10 to $15 million with a 30% pretax profit on current and acquired operations.
Walter Drakeford, CEO, stated, "We have worked diligently over the last three years restructuring MITD for growth through acquisitions. With the addition of the CuraSpan contract, and expanded insurance payer business of AmeriGroup, one of the largest health insurers in Georgia, the focus has been shifted to the growth of organic revenues and discussions have begun with several acquisition targets in the South East United States and the greater New York area."
He went on to explain, "MITD is a holding company and at times it can be difficult to understand all of the revenue streams and margins in a Company like ours. We will be conducting a dial-in conference call on Tuesday, March 18, 2014 at 11:30 am ET to fully explain not only our company and revenues, but also our strategy and goals over the next 36 to 48 months."
CONFERENCE Number 267-507-0240, access code 854127, the log in begins at 11:20 am ET and the call will begin at 11:30 am ET.
About MIT Holdings Inc.
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements regarding beliefs, plans, expectations or intentions contain reasonable expectations, but there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
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