Exhibit 20.1
United American Healthcare Corp
Annual Meeting December 8, 2011
Management Presentation
Description of Business
| • | From November 1993 to June 2009 UAHC Health Plan of Tennessee, Inc provided managed care benefits in the TennCare program |
| • | The TennCare operations are closed and substantially complete |
| • | June 18, 2010 UAHC acquired Pulse Systems LLC |
Pulse Systems LLC
| • | Provides contract manufacturing services to the medical device industry |
| • | Precision laser-cutting |
| • | Processing of thin-wall tubing |
| • | Restructured bank debt terms with the Fifth Third Bank in June 2011 to provide increased borrowings for capital equipment and expansion of services |
Fiscal Year 2011 Financial Results
| • | Net loss of $7.1 million – loss of $.73 per share |
| • | Pulse Systems LLC – Net income of $0.9 million |
| • | Corporate Operations had a loss of $8.4 million |
| • | Majority of corporate loss resulted from charge related to the change in fair value of the put obligation and professional fees |
| • | Cash and investments were $1,500,000 at year end 6/30/11 |
| • | Most of cash is at Pulse and restricted pursuant to loan covenants |
Quarter-1 Financial Results
| • | Net loss of $640,000 – loss of $.06 per share |
| • | Pulse Systems LLC – Breakeven for the first quarter |
| • | Corporate Operations were loss of $657,000 |
| • | Majority of corporate loss related to interest expense, professional fees and insurance |
| • | Cash and investments were $1,600,000 at end of Q-1 |
| • | Most of cash is at Pulse and restricted pursuant to loan covenants |
Significant Events
| • | Closed Michigan offices and moved operations to Chicago, Illinois |
| • | Change of Management and reduction of operating expenses |
| • | Settled “STEP-Galloway” litigation in conjunction with St George Investments LLC |
Ongoing Obligations
| • | Monthly Working Capital - $10,000 to $20,000 |
| • | Monthly D&O Insurance - $11,000 |
| • | Monthly Pulse Sellers Note $50,000, Balance $300,000 |
| • | Monthly Redemption of Pulse Preferred Units $40,000 and balloon payment of $1,360,000 June 2012 |
| • | Monthly Payment to William Brooks of $10,000 until Mach 2012 and a final payment of $160,000 in cash or art due December 2011 |
| • | A Payment to STEP in the amount of $225,409 payable from sale of art, or earlier of receipt of escrowed monies from the State of Tennessee or a refinancing of the Pulse Systems LLC Fifth Third credit facility or June 12, 2012 |
| • | Fifth Third Bank loan to Pulse Systems LLC $2,437,500 due June 2013 |
Need for Additional Capital
| • | The Company needs to find additional debt or equity capital to fund the ongoing obligations |
| • | Capital may be provided by affiliates such as members of the board of directors |
| • | Any financing may result in significant dilution of the Company’s existing shareholders |
| • | The Company is receptive to financing proposals from any shareholder |
