Arcadia Resources (KAD) Files $25M Mixed Shelf

Arcadia Resources, Inc. (AMEX: KAD) today announced the filing of a shelf registration statement on Form S-3 with the Securities and Exchange Commission.

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.