Message #9 From:
TheMachine Date: May 28, 2009 11:16:02 PM
CHCR Stock News : CompCare Partners with Bowie State University
Comprehensive Care Corporation (CompCare) (OTCBB:CHCR) a national
leader in providing behavioral health, substance abuse,
direct-to-consumer marketing of healthcare products, and employee
assistance programs for governmental agencies, managed care companies
and employer groups, today announced that it is partnering with Bowie
State University (BSU) to develop a clinical and corporate summer
internship program for students majoring in behavioral sciences and
human services; nursing, child and adolescent studies; criminal justice;
pedology; psychology and social work. CompCare has provided eight
internships for BSU students.
Over the coming months, CompCare and BSU will jointly develop a
behavioral healthcare program specifically designed to meet the needs of
our veterans. This program will be initially conducted as a pilot,
before being expanded and implemented nationwide in order to cover a
wider segment of our national community. It is anticipated that this
program will generate a strong coordination among local, State and
federal agencies, in addressing the needs of our underserved population.
John Hill, Co-CEO of CompCare, and Dr. Antoinette Coleman, Dean for the
College of Professional Studies at BSU, will both be guests on Biz Talk
With Josh, a national radio program hosted by Joshua Smith on WOL 1450AM
on Friday May 29, 2009, from 10:30am to 11:30am EDT. They will speak not
only on the difficulties facing our returning soldiers but also the
serious failure of our healthcare system to address and meet the
healthcare needs of our military and citizenry. For details on how to
listen to the program, please visit www.biztalkwithjosh.com.
John Hill, Co-CEO of CompCare, said, “We are proud to partner with BSU
on this very strategic endeavor to assist our returning young men and
women and providing them the emotional and behavioral support they need.
BSU is the oldest Historically Black College/University in Maryland and
one of the ten oldest in the country. Working with the University and
its students is key to the development and monitoring of this program.”
Dr. Antoinette Coleman, Dean for the College of Professional Studies at
BSU said, “We are excited about Bowie State joining with CompCare in a
public/private partnership which takes students out of the classroom and
involves them in real-world solutions to healthcare. In CompCare, we
have found a unique partner that shares our commitment to supporting our
veterans and, in general, our vision for community-based behavioral
healthcare programs.”
About Bowie State University
BSU is an important higher education access portal for qualified persons
from diverse academic and socioeconomic backgrounds who seek a high
quality and affordable public comprehensive university. The University
places special emphasis on the science, technology, teacher education,
business, and nursing disciplines within the context of a liberal arts
education. For more information about BSU, visit the website at www.bowiestate.edu.
About Comprehensive Care Corporation
Established in 1969, CompCare provides behavioral health, substance
abuse, and employee assistance programs for governmental agencies,
managed care companies and employer groups throughout the United States.
Through its wholly owned subsidiary, Core Corporate Consulting Group,
Inc., the Company provides direct-to-consumer marketing of healthcare
products. Headquartered in Tampa, Florida, CompCare focuses on
personalized attention, flexibility, a commitment to high-quality
services, and innovative approaches to behavioral health that address
both the specific needs of clients and changing healthcare industry
demands. For more information, go to www.compcare.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this
press release are forward looking and made pursuant to the Safe Harbor
provisions of Section 21E of the Securities Exchange Act of 1934. The
forward-looking statements in this press release include the projected
successful integration of Core’s operations into CompCare’s business,
the continuing success that Core is expected to have in marketing its
products, the potential represented by ethnic markets and the overall
performance of the healthcare market. These forward-looking statements
are not historical facts, do not constitute guarantees of future
performance and reflect numerous assumptions and involve a variety of
risks and uncertainties, many of which are beyond the company’s control
that may cause actual results to differ materially from stated
expectations. These risks and uncertainties include, among others,
changes in local, regional, and national economic and political
conditions, the effect of governmental regulation, competitive market
conditions, varying trends in member utilization, our ability to manage
healthcare operating expenses, our ability to achieve expected results
from new business, the profitability of our capitated contracts, cost of
care, seasonality, the Company’s ability to obtain additional financing,
and additional risk factors as discussed in the reports filed by the
company with the Securities and Exchange Commission, which are available
on its website at http://www.sec.gov.
