HealthCare Sector - TRHL - Record Revenue...chalondra

[Essie Numbers]

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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