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Press Release - American CareSource Holdings, Inc. (XSI-AMEX)

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“If you look at a graph of what ancillary care spend looks like between 1980 and today, ancillary care spend in 1980 was roughly 25% of the overall healthcare spend at that point in time in the nation, today it represents north of 30% which makes it a nearly $600 billion market for services. It is taking a larger share of the pie and is expected to do so over time. For us we feel like we are uniquely positioned in the space. We are not aware of another business similar to ours...” - Steven J. Armond (XSI) (Interview published April 18, 2008)

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American CareSource Holdings to Ring NASDAQ Closing Bell

DALLAS, TX--(Marketwire - October 01, 2008) -

American CareSource Holdings, Inc. (NASDAQ: ANCI) today announced that the Company's Chief Executive Officer, David S. Boone, and Chief Financial Officer, Steven J. Armond, will preside over the Closing Bell ceremony on Thursday, October 9, 2008 at The NASDAQ MarketSite in New York City to commemorate American CareSource's listing on The NASDAQ Stock Market® on September 29, 2008.

A live webcast of the Closing Bell ceremony will begin at 3:50 p.m. and can be viewed via The MarketSite Webcam by launching the link: http://www.nasdaq.com/about/marketsitetowervideo.asx.

"We are pleased to have been given this opportunity to take part in the Closing Bell ceremony," stated Mr. Boone. "Our listing on The NASDAQ Capital Market is a great achievement in a year that has seen many successes at American CareSource. Ringing the Closing Bell provides us with the opportunity to publicly thank our employees, customers and shareholders who have continuously supported the Company."

About Ancillary Healthcare Services

American CareSource provides ancillary healthcare services through its network that offers cost effective alternatives to physician and hospital-based services. This market is estimated at $574 billion, and has grown to 30% of total national health expenditures. These providers offer services in over 30 categories, including laboratories, dialysis centers, free-standing diagnostic imaging centers, non-hospital surgery centers, as well as durable medical equipment such as orthotics and prosthetics, and others.

About American CareSource Holdings, Inc.

American CareSource Holdings, the first national, publicly traded ancillary care network services company, offers a comprehensive national network of approximately 2,500 ancillary service providers at over 25,000 sites. The Company's ancillary network and management provides a complete outsourced solution for a wide variety of healthcare payors and plan sponsors including self-insured employers, indemnity insurers, PPOs, HMOs, third party administrators and both federal and local governments. For additional information, please visit www.anci-care.com.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

Any statements that are not historical facts contained in this release, including with respect to future engagements by clients, revenue growth, earnings, and guidance are forward-looking statements. It is possible that the assumptions made by American CareSource Holdings, Inc. for purposes of such statements may prove to be inaccurate or may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve further risks and uncertainties, including but not limited to those relating to demand for our services, pricing, market acceptance, our ability to integrate with our clients, our ability to attract and maintain providers, our ability to manage growth, the effect of economic conditions, and the affect of competitive services, risks in product development, the ability to complete transactions, and other risks identified in this release, and the Securities and Exchange Commission filings of American CareSource Holdings, Inc.


Contact:
Steven J. Armond
Chief Financial Officer
American CareSource Holdings, Inc.
Tel: 972-308-6847


 


 


 


 


 





    

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