Message #5 From:
NewsBot Date: August 31, 2005 06:30:00 AM
ITPD News RxFS Enters into Contract with DirectAccess Worldwide, Inc.
HOUSTON--(BUSINESS WIRE)--Aug. 31, 2005--Rx Fulfillment Services, Inc. ("RxFS"), a wholly owned subsidiary of Intrepid Holdings, Inc. (OTCBB:ITPD) announced today it has contracted with DirectAccess Worldwide, Inc., a leading national healthcare solutions and wellness management company, to provide mail order prescription services to its MyDirectAccess.com customers beginning September 1, 2005.
RxFS will fill these prescriptions through its pharmacy located in Houston, Texas. RxFS is currently licensed in twenty states. "This partnership increases the national reach of RxFS' services," stated Toney Means, CEO of RxFS. "MyDirectAccess.com member cardholders will have the opportunity for significant savings on their prescriptions, and this new relationship offers RxFS outstanding revenue potential," added Means.
The MyDirectAccess.com solution offers health benefits, including prescriptions at significant discounts to its member cardholders. "We are excited to announce our new relationship with Rx Fulfillment Services," said Robert Hyte, President of Direct Access Worldwide, Inc. "The Rx Fulfillment Services program will provide a key component of our strategy to provide consumers and physicians in our network with the services and systems to most cost-effectively and conveniently manage their healthcare deliverables and expenses. We looked at a number of companies with mail order prescription solutions and found that Rx Fulfillment Services had the overall best program and the most responsive fulfillment capabilities to best meet the needs of our member consumers," concluded Hyte.
This press release contains various forward-looking statements and information, including management's expectations of revenues, earnings per share, operating margins and growth in certain markets that are based on management's belief as well as assumptions made by and information currently available to management. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions including, among other matters, changes in market conditions, availability of funding and competition for venture capital investments. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. For a discussion of the risks, investors are urged to refer to the company's reports filed under the Securities Exchange Act of 1934.
