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Physicians Healthcare Management Group, Inc.

Physicians Healthcare Management Files S-1 Registration to Spin Off Phyhealth Corporation

Published in Law and Health Weekly, December 26th, 2009

Physicians Healthcare Management Group, Inc. ("PHYH") (Pink Sheets: PHYH), announced that it is spinning off its wholly-owned subsidiary, Phyhealth Corporation ("Phyhealth"). Phyhealth will assume substantially all the businesses, assets and liabilities of PHYH at the time of, or prior to, the spin-off.

Effective on the date the associated Form S-1 Registration Statement is declared effective by the SEC (the "spin-off date"), Phyhealth will concurrently issue an additional 3,471,713 shares of common stock to PHYH, and all PHYH's common and preferred shareholders as of December 8, 2009 will receive 1 share of Phyhealth for every 50 shares (or their equivalent) of PHYH...

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