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Press Release Source: National Health Partners, Inc. NATIONAL HEALTH PARTNERS Tuesday, May 16, 9:17 am ET HORSHAM, Pennsylvania – (BUSINESS WIRE) – May 16, 2006 – National Health Partners, Inc. (OTCBB: NHPR - News), a leading provider of unique discount healthcare membership programs, announced today that revenues for its fiscal quarter ended March 31, 2006 increased 1,665% from the corresponding quarter in 2005 and that its membership base at March 31, 2006 increased 1,000% from March 31, 2005. “We are very excited about our results for the first quarter of 2006,” stated David M. Daniels, President and Chief Executive Officer of National Health Partners. “We achieved a substantial amount of revenue and member growth over the last 12 months. Revenues increased 1,665% to $324,404 for Q1 2006 compared to $18,379 for Q1 2005, and our membership based increased 1,000% to 3,850 for Q1 2006 compared to 350 for Q1 2005.” “The most impressive aspect of this growth is that it has been generated almost exclusively through test marketing campaigns that we have engaged in during the last 12 months. Our historical growth does not yet reflect the substantial revenues that we will be generating over the next 12 months from our Hispanic advertising campaign, CARExpress “wrap-around” program, and CARExpress Visa/MasterCard program, and the new strategic collaborations and joint ventures that we are in the process of negotiating.” Q1 2006 Financial Highlights The most notable financial accomplishments for the first quarter of 2006 are as follows:
We have received $1,172,875 in proceeds from the exercise of warrants by our security holders during 2006,” stated Alex Soufflas, the company’s Chief Financial Officer and Executive Vice President. “We believe that the decision by our security holders to continue to increase their shareholdings through the exercise of their warrants, notwithstanding the tremendous growth in our stock price, reflects the increasing confidence that they have in us and our business plan.” As of May 12, 2006, the company had cash and cash equivalents of approximately $790,000. “We are entering a period of explosive growth across our entire business,” continued Mr. Daniels. “As a result of our achievements this past quarter, we are reaffirming our previous guidance of a monthly revenue run rate of $300,000 in June and $2 million in December, and a membership base of 10,000 members by the end of June and between 50,000 and 60,000 members by the end of December.” Hispanic Advertising Campaign Update “We are very pleased with the progress we have made on our national Hispanic advertising campaign starring Lucia Mendez,” stated Mr. Daniels. “We have completed production of the initial round of television and radio commercials and will begin airing them next week across the country on such Hispanic television networks as Telemundo and Univision. We will be airing Lucia’s commercials during some of the top-rated Hispanic television shows, including Don Francisco and Cristina.” The company will be supporting its television and radio commercials with print ads and direct marketing campaigns featuring Ms. Mendez. The commercial that the company will air initially is available for viewing on the company’s website at www.nationalhealthpartners.com. “We are ramping up our operations substantially in anticipation of the future growth that we will generate from our Hispanic advertising campaign,” continued Mr. Daniels. “We are currently in the process of hiring and training several additional members of our customer service staff at our executive offices in Horsham, Pennsylvania and will continue to hire and train more staff throughout the course of the campaign.” National Health Partners, Inc. 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 have agreed to render their services and products to CARExpress members at discounted prices. 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. Contact: __________________________ |
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Send mail to info@nationalhealthpartners.com with questions or comments. Copyright © 2006 NATIONAL HEALTH PARTNERS, INC. |
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