EXHIBIT 99.1
Contact:
Michael Earley Al Palombo
Metropolitan Health Networks Cameron Associates
Chairman & Chief Executive Officer Investor Relations
(561) 805-8500 (212) 245-8800 Ext. 209
mearley@metcare.com al@cameronassoc.com
METROPOLITAN HEALTH NETWORKS ANNOUNCES 2005 ANNUAL MEETING DATE AND LOCATION
WEST PALM BEACH, FL. - April 7th, 2005 - Metropolitan Health Networks, Inc.
(AMEX, ArcaEx: MDF) ("Metropolitan"), a provider of high quality, comprehensive
healthcare services to patients in South and Central Florida, announced today
that its annual meeting of shareholders (the "Annual Meeting") will be held on
Thursday, June 23rd, 2005.
The Annual Meeting will be held at the Marriott Hotel, 1001 Okeechobee Road,
West Palm Beach, Florida at 10:00 a.m. EST. At the Annual Meeting, Metropolitan
shareholders will act on the election of directors, the selection of
Metropolitan's independent auditors for fiscal year 2005 and the approval of
Metropolitan's equity compensation plans.
The Record Date for shareholders entitled to vote at the Annual Meeting has been
set by the Board of Directors as Friday, May 6th, 2005. All shareholders of
record as of the Record Date will be entitled to vote at the Annual Meeting in
person or by proxy. Shareholders wishing to submit proposals for consideration
at the Annual Meeting (including director nominations) are required to do so no
later than the close of business on Monday, April 18th, 2005, in accordance with
the specific requirements set forth in Metropolitan's Bylaws. Metropolitan
expects to begin mailing proxy materials to shareholders during the last week of
May 2005.
About Metropolitan Health Networks, Inc.:
Metropolitan is a growing healthcare organization in Florida that provides
comprehensive healthcare services for Medicare Advantage members and other
patients in South and Central Florida. To learn more about Metropolitan Health
Networks, Inc. please visit its website at http://www.metcare.com.