Arcadia Resources Files $25 Million Shelf Registration Statement

INDIANAPOLIS, July 13 /PRNewswire-FirstCall/ — Arcadia Resources, Inc. (NYSE
Amex: KAD), a leading provider of innovative consumer health care services under
the Arcadia HealthCare(SM) brand, today announced the filing of a shelf
registration statement on Form S-3 with the Securities and Exchange Commission.

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The shelf registration statement, when declared effective by the SEC, will allow
Arcadia the flexibility to potentially offer and sell from time to time in the
future, in one or more public offerings, up to $25 million of common stock,
warrants, senior debt securities and subordinated debt securities, or any
combination thereof. The specifics of any future offering, along with the
prices, terms, and the use of proceeds of any such securities offered by Arcadia
will be determined at the time of any such offering and will be described in
detail in a prospectus supplement filed at the time of any such offering.

“We consider this filing to be a proactive measure that will give Arcadia
flexibility to access additional capital and will provide the opportunity to
potentially move quickly into the capital markets over the next three years if
needed,” said Marvin R. Richardson, President and Chief Executive Officer of
Arcadia HealthCare.

Arcadia’s shelf registration statement has been filed with the SEC but has not
yet become effective. The securities registered may not be sold, nor may offers
to buy be accepted, prior to the time the registration statement becomes
effective. This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities, nor shall there be any sale of
the securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to the registration or qualification under
securities laws of any such state or jurisdiction. An offering of the securities
covered by the registration statement will only be by means of a written
prospectus supplement

Copies of the prospectus included in the registration statement may be obtained
on the SEC’s website at www.sec.gov or by contacting Arcadia HealthCare, 9320
Priority Way West Drive, Indianapolis, IN 46240.

About Arcadia HealthCare(SM)

Arcadia HealthCare is a service mark of Arcadia Resources, Inc. (NYSE Amex:
KAD), and is a leading provider of home care, medical staffing and pharmacy
services under its proprietary DailyMed program. The Company, headquartered in
Indianapolis, Indiana, has 70 locations in 18 states. Arcadia HealthCare’s
comprehensive solutions and business strategies support the Company’s vision of
“Keeping People at Home and Healthier Longer.”

DailyMed(TM) Pharmacy dispenses a monthly cycle of a patient’s prescriptions,
over-the-counter medications and vitamins, and organizes them into pre-sorted
packets clearly marked with the date and time the medications should be taken.
In the dispensing process, a DailyMed pharmacist reviews each patient’s
medication profile and utilizes state-of-the-art medication therapy management
tools to improve the safety and efficacy of the medications being dispensed. A
DailyMed pharmacist provides routine communication with the patient, the primary
care physician, caregivers and payers to maximize the pharmaceutical care
administered. The DailyMed program improves patient care and drug utilization
while reducing drug and hospitalization costs for private and government payers.

Forward-Looking Statements

This press release may contain statements which constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding the intent, belief or current expectations
of the Company, its directors, or its officers with respect to the future
operating performance of the Company. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ materially from
those in the forward-looking statements as a result of various factors.
Important factors that could cause such differences are described in the
Company’s periodic filings with the Securities and Exchange Commission.

Contact:
Matthew Middendorf
Chief Financial Officer
mmiddendorf@arcadiahealthcare.com
317.569.8234

Bill Bunting
In-Site Communications, Inc.
(212) 759-3929
bbunting@insitecony.com

SOURCE Arcadia Resources, Inc.