BROOKLYN, N.Y., Feb. 26, 2013 /PRNewswire/ -- Marathon Group Corp. (OTC: PDPR) today issued a letter to shareholders from the company's CEO, MacDonald Tudeme to share plans for the upcoming year as well as progress the company has made in both the business operations and public company regulatory status.
Dear Fellow Shareholders,
I'm pleased to report that 2012 was a very successful and profitable year for our company. Revenues for the year came at $1.5 million; up 11 percent from the prior year. And the upcoming year looks to be even better.
Here's some of what we have planned for this year:
Business Expansion: we've already laid the groundwork to expand our existing medical staffing business in new directions. Our intention is to leverage in-house resources as well as pursue strategic - accretive - acquisitions over the next few months.
Acquisitions and Joint Ventures: to meet our aggressive growth and expansion goals we've identified several viable acquisition candidates that complement our business well. Our objective with any acquisition is to immediately add profitable revenue to the bottom line.
In addition we anticipate forging joint ventures with select healthcare providers; including multi-office medical practices, assisted care facilities and rehab centers.
Once acquisitions are finalized we'll report them publicly.
Over the past year we have also focused considerable time maintaining full compliance with OTC Markets reporting requirements. We felt this undertaking was crucial for the company and I'm pleased to report this goal has been achieved.
This is the first step towards our future goal of filing with the Securities and Exchanges Commission (SEC) to become an OTB Bulletin Board listed company.
Here are additional milestones we hope to accomplish in the upcoming year:
- Continue to execute on our business plan to continue the positive momentum from last year and expand our business.
- Consistently report on our progress via news releases so shareholders and the general public know about our achievements.
- Begin planning for necessary filings to elevate the company to a listing on the OTC Bulletin Board.
Thanks for this opportunity to bring you up to date on what's been going on - and what is planned for the future - with your company.
About Marathon Group Corp.:
Marathon Group Corporation is a nurse staffing and home healthcare company that provides healthcare professionals to hospitals, nursing homes, and assisted living facilities in New York and Pennsylvania.
It offers registered nurses, licensed practical nurses, nurse technicians, O/R technicians, certified nurse's aides, medical assistants, high-tech infusion nurses, and physical and occupational therapists. The company also provides nursing care in the private homes of the elderly, sick, and incapacitated.
Marathon Healthcare senior management has over a quarter of century experience in clinical care and administration. And the company is confident in their capability to handle almost every facet of hospital, nursing home and home care.
In addition, many of the company's employees are bilingual and represent the diversity in the communities whose facilities we serve.
Marathon Group Corporation was founded in 2005 and is based in Brooklyn, New York and trades on the Over The Counter Market under the ticker symbol PDPR.
Forward Looking Statements:
This press release contains certain "forward-looking" statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward‐looking public statements concerning its expected future operations, performance and other developments. Such forward‐looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such.
Forward-looking statements. It is impossible to identify all such factors, factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company's ability to develop operations, the Company's ability to consummate and complete an acquisition, the Company's access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in the Company's public announcements.
This press release is provided for information purposes only and is not intended to constitute an offer to sell or a solicitation of an offer to buy securities.
SOURCE Marathon Group Corp.