World Health Alternatives, Inc. Closes $1.65 Million Private Placement; Barron Partners, LP...

Business Editors/Health/Medical Writers

PITTSBURGH--(BUSINESS WIRE)--Dec. 29, 2003

World Health Alternatives, Inc. (OTCBB:WHAI), a premier medical staffing company that provides medical, professional, and administrative staffing services to the healthcare industry, announced

today that it has closed a private placement transaction pursuant to which it sold shares of common stock to certain investors in return for $1.65 million. The lead investor in this transaction was Barron Partners, LP. Pending certain corporate events, the investors may increase their investment in the Company to $3.65 million.

Commenting on the transaction, Richard McDonald, President of World Health Alternatives, said, "December has been a pivotal month for us, as we have taken several key steps to position our Company for 2004. Our recent acquisition, the share redemption and now the investment in the Company by high caliber investors such as Barron Partners have all demonstrated that the Company can execute a solid business plan. Andrew Barron Worden, Managing Partner for Barron Partners LP, commented, "We were happy that our capital provided financing to a company that we believe fits our investment criteria of having honest and shareholder-oriented management, an excellent business plan, and profitable operations." McDonald went on to say, "Now that we have this additional capitalization, we intend to execute our business plan more aggressively and provide greater value for our shareholders. The capital also may assist us in moving the Company's listing to a larger exchange or market in the future."

World Health Alternatives, Inc. (OTCBB:WHAI) is a premier human resource firm offering specialized healthcare personnel for staffing and consulting needs in the healthcare industry. The Company, through its MedTech Medical Staffing Division, places its experienced personnel on a project, temporary, permanent, or temporary-to-permanent basis. These options allow clients to control the expenses associated with new staff while also giving them the unique opportunity to evaluate a candidate's performance essentially risk-free. The Company's headquarters are in Pittsburgh, PA, and it has branch offices in Cleveland, OH, and Boca Raton, FL. For more information, please contact Richard McDonald, at 412-829-7800 (ext. 223), Michael Porter, at 212-564-4700 or Anthony Altavilla, at 317-218-0204, or visit the Company's website at www.better-solutionsinc.com.

This press release contains forward-looking statements. The words or phrases "may," "intend to," "expects," "estimate," "indicate", "should" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These risks and uncertainties include: (a) whether the Company will successfully acquire existing staffing companies to grow its staffing business; (b) whether the Company will have adequate financing to expand its business; (c) whether the Company will effectively manage its expanding operations which will place significant demands on its managerial, financial, and informational systems; (d) competition among medical staffing companies for qualified nurses and other healthcare professionals and personnel; (e) whether general economic conditions and the regulatory environment will be favorable to the growth of the Company's business; and (f) other factors set forth in the Company's periodic reports and Form SB-2 Registration Statement filed with the Securities and Exchange Commission, which may be reviewed by accessing the SEC's EDGAR system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, the Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.