On 05/15/2008, Pacer Health Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Pacer Health Corp. announced its plan to expand its portfolio beyond the healthcare industry into turnaround businesses of all market segments through the creation of wholly owned subsidiary, Pacer Logistics LLC. The creation of this subsidiary provides the company with immediate presence and expansion opportunities into a rapidly growing market and signals Pacer´s ability to service diverse businesses. The new corporate focus will be on specializing in restructuring, reorganization and turnarounds of financially distressed companies. The addition of Pacer Logistics creates the opportunity to further diversify revenues by expanding into other industries. The company believes that its core competencies and management turnaround experience can be transferred into other industries and offer additional growth avenues to Pacer´s overall portfolio.

Pacer Health Corp. announced that General Gary Harrell has been appointed Vice President of Business Development. In his new role, General Harrell will be responsible for leading development functions and reviewing various mergers and acquisitions for the Pacer portfolio.