Stocks & Investing
Stocks and InvestingStocks and Investing 
Fri, December 18, 2009
Allied Healthcare International Inc. Secures Contract With London Borough of Richmond Council
NEW YORK, NY--(Marketwire - December 18, 2009) - Allied Healthcare International Inc. ( Under the new Richmond contract, Allied has the opportunity to deliver up to 2,000 hours of home care services per week (104,000 hours per year) as the only provider for the North Richmond and South Richmond Wards within Richmond, a southwest borough of London with a population of 182,000. This award, which was secured in May 2009 and is Allied's first contract with Richmond, completed its implementation stage with the opening of a new branch, London West. Sandy Young, Chief Executive Officer of Allied, commented, "Our stated objective of materially increasing our presence across London Boroughs is yielding excellent results, as this win comes on the back of recent long-term contract wins in Waltham Forest, Redbridge, Hounslow, Camden and Islington. There remain a great number of opportunities to achieve significant geographic infill and we will continue our concerted focus on these efforts in key geographies." ABOUT ALLIED HEALTHCARE INTERNATIONAL INC. Allied Healthcare International Inc. ([ http://www.alliedhealthcare.com ]) is a leading provider of flexible healthcare staffing services in the United Kingdom. Allied operates a community-based network of 112 branches with the capacity to provide careers (known as home health aides in the U.S.), nurses, and specialized medical personnel to locations covering approximately 90% of the U.K. population. Allied meets the needs of private patients, community care, nursing and care homes, and hospitals. For more news and information please visit: [ www.alliedhealthcare.com ]. FORWARD-LOOKING STATEMENTS Certain statements contained in this news release may be forward-looking statements. These forward-looking statements are based on current expectations and projections about future events. Actual results could differ materially from those discussed in, or implied by, these forward-looking statements. Factors that could cause actual results to differ from those implied by the forward-looking statements include: general economic and market conditions; Allied's ability to continue to recruit and retain flexible healthcare staff; the H1N1 influenza virus which may result in staff being unable to perform services due to their own illness or due to the illness of patients and may reduce our revenues; Allied's ability to enter into contracts with local government social services departments, NHS Trusts, hospitals, other healthcare facility clients and private clients on terms attractive to Allied; the general level of demand for healthcare and social care; dependence on the proper functioning of Allied's information systems; the effect of existing or future government regulation of the healthcare and social care industry, and Allied's ability to comply with these regulations; the impact of medical malpractice and other claims asserted against Allied; the effect of regulatory change that may apply to Allied and that may increase costs and reduce revenues and profitability; Allied's ability to use net operating loss carry forwards to offset net income; the effect that fluctuations in foreign currency exchange rates may have on our dollar-denominated results of operations; and the impairment of goodwill, of which Allied has a substantial amount on the balance sheet, may have the effect of decreasing earnings or increasing losses. Other factors that could cause actual results to differ from those implied by the forward-looking statements in this press release include those described in Allied's most recently filed SEC documents, such as its most recent annual report on Form 10-K, all quarterly reports on Form 10-Q and any current reports on Form 8-K filed since the date of the last Form 10-K. Allied undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.