Message #10 From:
NewsBot Date: October 10, 2006 12:30:00 AM
NHPR News National Health Partners Announces Record Q3 2006 Revenue and Explosive Q4 2006 Revenue Projections
HORSHAM, Pa.--(BUSINESS WIRE)--National Health Partners, Inc. (OTCBB:NHPR),
a leading provider of unique discount healthcare membership programs,
announced today that revenue for its third fiscal quarter ended
September 30, 2006 increased 750% to $410,000 from $48,282 for the
corresponding period in 2005, and that its membership base increased
675% to 9,300 members at the end of its third fiscal quarter ended
September 30, 2006 from 1,200 members at the end of the corresponding
period in 2005. The company projects Q4 2006 revenue to range between
$1,200,000 and $1,600,000, representing growth of between 200% and 300%
over Q3 2006 levels.
“We are very pleased with the explosive growth
we are experiencing,” stated David M. Daniels,
President and Chief Executive Officer of National Health Partners. “We
now have about 10,000 members and our pipeline has never been stronger.
We are currently generating significant recurring monthly revenue
streams from several of our business partners. Our tremendous revenue
growth for this past quarter is a tribute to the investment we made in
expanding the number of business partners marketing and selling our
programs. Our revenue and membership growth continue to accelerate and
our future has never been brighter.”
The company’s revenue for the third quarter of
2006 increased 750% to over $410,000 compared to $48,282 for the third
quarter of 2005, and its membership base consisted of 9,300 members at
the end of the third quarter of 2006 compared to 1,200 at the end of the
third quarter of 2005, an increase of 675%. Based on the company’s
Q3 2006 results and the rate of its current billings, the company
expects Q4 2006 revenue to range between $1,200,000 and $1,600,000 and
expects its membership base to range between 20,000 and 25,000 members
by December 31, 2006.
National Health Partners' non-traditional approach to healthcare
provides an innovative and cost-effective means for uninsured and
underinsured individuals to obtain the healthcare they need at
significantly reduced costs. Through its co-branding strategy, the
company has networked with prestigious leaders such as CareMark and
Aetna to create a revolutionary solution that lowers the costs of
prescriptions and medical, dental and vision care through relationship
optimization for millions of people.
National Health Partners, Inc. is a national healthcare savings
organization that provides discount healthcare membership programs to
uninsured and underinsured people through a national healthcare savings
network called “CARExpress.”
CARExpress is one of the largest networks of hospitals, doctors,
dentists, pharmacists and other healthcare providers in the country and
is comprised of over 1,000,000 medical professionals that belong to such
PPOs as CareMark and Aetna. The company’s
primary target customer group is the 47 million Americans who have no
health insurance of any kind. The company’s
secondary target customer group includes the 61 million Americans who
lack complete health insurance coverage. The company is headquartered in
Horsham, Pennsylvania. For more information on the company, please visit
its website at www.nationalhealthpartners.com.
Safe Harbor Provision
This press release contains “forward-looking
statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact contained herein, including, without
limitation, statements regarding the company’s
future financial position, business strategy, budgets, projected
revenues and costs, and plans and objectives of management for future
operations, are forward-looking statements. Forward-looking statements
generally can be identified by the use of forward-looking terminology
such as “may,”“will,”“expects,”“intends,”“plans,”“projects,”“estimates,”“anticipates,”
or “believes” or
the negative thereof or any variation thereon or similar terminology or
expressions. Forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from
results proposed in such statements. Although the company believes that
the expectations reflected in such forward-looking statements are
reasonable, it can provide no assurance that such expectations will
prove to have been correct. Important factors that could cause actual
results to differ materially from the company’s
expectations include, but are not limited to, its ability to fund future
growth and implement its business strategy, its ability to develop and
expand the market for its CARExpress membership programs, demand for and
acceptance of its CARExpress membership programs, its dependence on a
limited number of preferred provider organizations and other provider
networks for healthcare providers, as well as those factors set forth in
the company’s Annual Report on Form 10-KSB
and its other filings and submissions with the Securities and Exchange
Commission. Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date made. Except
as required by law, the company assumes no obligation to update or
revise any of the information contained in this press release.
