Press Release

PEABODY, Mass.--(BUSINESS WIRE)--Sept. 17, 2007--PHC, Inc. (AMEX:PHC) d.b.a. Pioneer Behavioral Health, a leading provider of inpatient and outpatient behavioral health services and pharmaceutical research, will hold a conference call on Tuesday, September 25, 2007 to discuss its fiscal fourth quarter and year-end 2007 financial results for the period ended June 30, 2007. The results will be released the same day after the market close.

President and CEO of PHC, Bruce A. Shear, and CFO Paula C. Wurts will host the call starting at 4:30 PM Eastern Time. A question and answer session will follow management's presentation.

To participate in the call, dial the appropriate number 5-10 minutes prior to the start time, request the PHC conference call and provide the conference ID.

Domestic callers: 1-800-683-1525
International callers: 1-973-872-3197
Conference ID#: 9241101

A web simulcast of the call can be accessed via PHC's website at www.phc-inc.com. The call will be available for replay starting at 7:30 p.m. Eastern Time until October 25, 2007:

Toll-Free Replay number: 1-877-519-4471
International Replay number: 1-973-341-3080
Replay PIN #: 9241101

If you have any difficulty connecting with the conference call or webcast, please contact the Liolios Group at 949-574-3860.

About Pioneer Behavioral Health

Pioneer Behavioral Health operates companies that provide inpatient and outpatient behavioral health care services, clinical research and Internet- and telephonic-based referral services. The companies contract with national insurance companies, government payors, and major transportation and gaming companies, among others, to provide such services. For more information, please visit www.phc-inc.com.

    CONTACT: PHC, Inc.
             Bruce A. Shear, President and CEO, 978-536-2777
             or
             Investor Contact:
             The Liolios Group, Inc.
             Scott Liolios or Ron Both, 949-574-3860
             info@liolios.com

    SOURCE: PHC, Inc.