Message #9 From:
NewsBot Date: October 9, 2006 12:30:00 AM
NHPR News National Health Partners Announces Upcoming Launch of Health Advantage One
HORSHAM, Penn.--(BUSINESS WIRE)--National Health Partners, Inc. (OTCBB: NHPR),
a leading national healthcare savings organization that provides unique
discount healthcare membership programs to uninsured and underinsured
people through a national healthcare savings network called “CARExpress,”
announced today the upcoming launch of its CARExpress “wrap-around”
program initiative called “Health Advantage
One.”
“We are very excited about the upcoming launch
of Health Advantage One,” stated David M.
Daniels, President and Chief Executive Officer of National Health
Partners. “The launch of Health Advantage One
represents the official rollout of our CARExpress ‘wrap-around’
program initiative. In furtherance of this launch, we are creating a
brand new website devoted exclusively to Health Advantage One. We expect
to announce the completion of several major deals for the sale of
CARExpress ‘wrap-around’
programs in the very near future that will result in explosive growth in
our membership base.”
“The sale of our CARExpress ‘wrap-around’
programs will have a significant impact on our revenues, cash flows and
profitability,” stated Alex Soufflas, the
company’s Chief Financial Officer and
Executive Vice President. “These programs
bring us two recurring monthly revenue streams –
the first comprised of the monthly membership fees that we receive from
the CARExpress component of the program and the second comprised of the
monthly membership fees that we receive from the insurance component of
the program. In addition, these programs offer very high member
retention rates due to the endorsement and sponsorship of the programs
by groups to their employees and members.”
Mr. Soufflas continued, “Under Health
Advantage One, our CARExpress membership programs will be combined with
low-cost insurance products, such as catastrophic health insurance,
accidental death and dismemberment (AD&D) plans and limited liability
health insurance plans. These combined programs enable small businesses
and other organizations to offer a fully integrated healthcare package
to their employees and members. The use of insurance products in
combination with our CARExpress membership programs can provide an
affordable solution to millions of individuals and groups that cannot
otherwise afford fully inclusive medical plans. Members can use the
insurance component to reimburse them for the covered amount of the
healthcare expenses and use CARExpress to reduce their out-of-pocket
costs.
“The rollout of Health Advantage One could
not come at a better time,” added Mr.
Daniels. The U.S. Census Bureau recently announced that 46.6 million
people, or 15.9% of the U.S. population, were without health insurance
coverage in 2005, up from 45.3 million Americans, or 15.6% of the
population, in 2004, an increase of 1.3 million people. Health Advantage
One will serve as the platform from which we will pursue America’s
uninsured and underinsured through a continuously expanding offering of
CARExpress ‘wrap-around’
programs. Health Advantage One represents a win-win situation for
everyone because it is great of National Health Partners and great for
our members.”
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.
