**EXHIBIT99.1****FOR IMMEDIATE RELEASE**:**Arcadia Resources Obtains $15 Million Financing****SOUTHFIELD, MI: July 6, 2006:**Arcadia Resources, Inc. (formerly OTCBB: ACDI, now Amex: KAD),announced completion of new $15 million debt financing from one of its long-term shareholders, JanaMaster Fund, Ltd., and the filing of the related Form 8-K with the Securities and ExchangeCommission.“We are pleased with the confidence that Jana Master Fund continues to show in Arcadia,” saidChairman and CEO, John E. Elliott II. “This capital allows us to realign our balance sheet andmake ready for certain acquisitions we are pursuing. We plan to continue along our path of stronginternal growth coupled with other selective acquisitions and the initiation of start up locations.Recently, we agreed to place nine walk-in, routine (non-emergency) medical clinics inside selectMeijer supercenter stores in Indiana over the next 12 months.We continue to believe the furtherance of consumer-driven health care is quickly evolving forpatients in the United States and we intend to be a big part of this movement toward more patientchoice —  driven by accessibility, lifestyle choices and personal spending latitude, rather thanby insurance or managed care companies or the traditional government programs. Our consumerhealthcare business continues to be our emerging business that we believe to be the future ofhealthcare. It incorporates our people and our products. We also plan to continue to open storesor clinics within other hosts.”**About Arcadia Resources, Inc.**Arcadia Resources, Inc. is a leading national provider of home care and staffing services,respiratory and durable medical equipment. Arcadia’s operations include home health careservices; non-medical and medical staffing, including travel nursing; provision of respiratory anddurable medical equipment to patients in the home; and a mail-order catalog of home healthcare-oriented products and is working toward establishing walk-in clinics in supercenter-typeretail stores. The Company’s comprehensive solutions help organizations operate more effectivelyand with greater flexibility, while enabling individuals to manage illness and injury in thecomfort of their own homes or through the convenience of local health care sites. For moreinformation, visit: www.arcadiaresourcesinc.com.For investor inquiries, contact Geoffrey Eiten, Investor Relations, National Financial Network,781-444-6100 x613, geiten@nationalfc.com. See also http://www.nfnonline.com/acdi.*Any statements contained in this release that are not historical facts are forward-lookingstatements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section21A of the Securities Exchange Act of 1934, as amended, if applicable to the Company, and otherwisewithin the meaning of court opinions construing such forward-looking statements. The Company claimsall safe harbor and other legal protections provided to it by law for all of its forward-lookingstatements. Forward-looking statements involve known and unknown risks, estimates, uncertaintiesand other factors, which could cause actual financial or operating results, performances orachievements expressed or implied by such forward-looking statements not to occur or be realized,including our estimates of consumer demand for retail store health clinic services, requiredcapital investment, build-out schedules, competition, and other factors. Actual results may differmaterially from those anticipated or implied in the forward-looking statements, which speak only asof the date hereof. Additional information that could materially affect the Company may be found inthe Company’s filings with the Securities and Exchange Commission. The Company disclaims anyobligation to update or alter its forward-looking statements, except as may be required by law.**###*