Home Solutions Health, Inc. (OTC: HSHL) the United States licensee of Hemorrelief, announced today that its wholly owned subsidiary, Prostate Health Solutions, Inc. will pay a one time special dividend of 25 common shares of for each common share of Home Solutions Health Inc. to shareholders of record on December 7, 2004. The Special Dividend will be payable upon presentation of certificates of Home Solutions Health Inc. The Company anticipates that it will file its notification with the NASDAQ today thus starting the required ten day notice period which would set the Special Dividend payment to be date on December 7, 2004. The mandatory certificate presentation is being done to ensure the security of all legitimate shareholders of the Company receive their rightful Special Dividend from Prostate Health Solutions, Inc.
Physical Exchange of the old stock certificates must be made exclusively through the Company's transfer agent, Security Transfer Corp, 2591 Dallas Parkway, Frisco, TX 75034.
Persons who hold their shares in brokerage accounts or "street name" will be not required to take any action to affect the exchange of their certificate unless their broker instructs them otherwise. However, the Company requires that each new certificate specifies and includes the name of the beneficial owner and that the new certificates be mailed directly to that beneficial owner. The Company will assist shareholders with any potential problems that may arise during this process.
The Company will request that the NASD release a UNIFORM PRACTICE ADVISORY for guidance for brokerage firm compliance with this certificate presentation. No dividends will be issued until the shareholder has surrendered his old certificate to the transfer agent. Prostate Health Solutions, Inc. will complete all necessary filings with the appropriate regulatory authorities in a timely manner.
Prostate Health Solutions, Inc. is in development of a product that provides stimulation and messaging of the prostate and prostate area in a manner that would reduce swelling and enlargement. The technology used is based upon similar technology used in Home Solutions Health Inc' patented and FDA approved Hemorrelief device. Upon final development and approval, the prostate device could help reduce the painful effects of prostatitis and possibly help inhibit other prostate diseases. Men over 45 years old are at high risk for prostate medical problems.
Home Solutions Home, Inc. is the United States Licensee of Hemorrelief which is an effective, patented, FDA approved, low-cost treatment for the burning, itching and severe pain associated with hemorrhoids. Hemorrelief is a cooling device that reduces swelling for more than 90% of all hemorrhoid sufferers who use the product. Hemorrelief contains no chemicals or medications and requires no special prescription. Treatment can take as little as 10 minutes a day. Hemorrelief is low-cost re-useable, easy to use, and far more economical than any other hemorrhoid treatment. In many cases, hemorrhoids treated with Hemorrelief improve to the point where painful surgery and other invasive treatments are completely unnecessary. Hemorrelief can be purchased by calling 1 888 HEM KOOL or at www.hemorrelief.com
Home Solutions Health, Inc. is traded under the symbol HSHL on the pink sheets. Any forward-looking statements in this report are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence upon third party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.