[packman] HealthCare Sector - TRHL - Record Revenue...kellan

[Marianne Todd]

Press Release - TRHL

TRHL Announces RECORD REVENUE GROWTH In Q3 Fiscal 2003

Q3 2003 marks 7th consecutive quarter of revenue growth.
Revenues up 385% and 329% for the three and nine month periods, respectively.

BECKENHAM, England---PRNewswire-FirstCall---True Health, Inc., (OTC Bulletin Board: TRHL) a leader in healthcare recruitment 

and pressure relieving systems, announces record revenues for the three and nine month periods ended October 31, 2003.
The Company reported revenues of 1,302,936 dollars US for its third quarter ended October 31, 2003, a 385% increase over 

revenues of 268,636 in the third quarter of fiscal 2002. Revenue growth was driven by an increasing number of customers and 

contracts for the Company's equipment sales and rental business, as well as robust growth in the Company's new healthcare 

recruitment service. Gross profits were up 143% to 513,027 in the third quarter of fiscal 2003, from 210,949 in the same 

period of the prior fiscal year. Net loss narrowed 80% from (207,451) in the third quarter of fiscal 2002 to (40,929), or 

(0.00) per basic and diluted share in the period ended October 31, 2003.

True Health reported similar results for the nine months ended October 31, 2003. Revenues were up 329% to 2,732,744 as 

compared to 636,673 in the first three quarters of fiscal 2002. Growth in revenues was attributed to the success of the 

Company's newly introduced healthcare recruitment services, as well continued growth and new contracts for True Health's 

equipment sales and rentals. The Company reported gross profits of 1,162,303 in the nine months ended October 31, 2003, up 

106% from 553,700 in the same period of the prior year. Net loss increased from (68,311) in the nine month period ended 

October 31, 2002, to (759,402), or (0.01) per basic and diluted share, in the first three quarters of fiscal 2003. The 

Company's net loss widened for the nine-month period as a result of one-time expenses.


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