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Press Release Source: National Health Partners, Inc.
National
Health Partners
announces POSITIVE
CASH FLOWS FROM OPERATIONS
Company's focus on affinity groups
is generating
substantial revenue and significantly lower cost
The company has successfully
transitioned its sales strategy from direct marketing companies like
Trident to affinity groups such as associations, unions, chambers of
commerce and related organizations, as well as insurance brokers and
agents. The company has
entered into numerous agreements with affinity groups and is experiencing
a significant growth in sales to members of these groups. As a result of the success the
company is experiencing with its affinity group partners and the company's
decision to terminate its relationship with Trident, the company is now
generating positive cash flows from operations for the first time in its
history. The company expects
the second quarter of 2008 to be its first full fiscal quarter with
positive cash flows from operations.
"We have been actively seeking
opportunities to grow National Health Partners quickly while maximizing
our cash flows," stated David M. Daniels, President and Chief Executive
Officer of National Health Partners.
"In the past, we used a variety of marketing companies to sell our
CARExpress programs to consumers.
These companies produced members with very low retention rates
which proved to be costly financially. Through our direct sales force and
our various marketing efforts, we have very quickly gained traction with a
large number of affinity groups that are extremely excited about our
CARExpress membership programs.
These groups are producing a large number of members for us with
high retention rates at a significantly lower cost."
"Our strategy of targeting
affinity groups has been so successful for us, we determined that it would
be best for us to terminate our relationship with Trident," continued Mr.
Daniels. "As a result of the
increase in sales we are generating from our affinity group partners and
the termination of our relationship with Trident, we are now generating
positive cash flows from operations for the first time ever. We expect the second quarter of
2008 to be our first full fiscal quarter with positive cash flows from
operations. We are very
excited with how quickly we have been able to transform National Health
Partners into the tremendous business we had always envisioned it would
be."
The company is currently in
discussions with a number of business groups, associations, chambers of
commerce and unions that will be making its membership programs available
to thousands of uninsured and underinsured people. The company expects to make
additional announcements regarding these new business affiliations in the
very near future.
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
most recently filed post-effective amendment to its registration statement
on Form SB-2 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: National Health Partners, Inc. _______________________
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Send mail to info@nationalhealthpartners.com with questions or comments. Copyright © 2006 NATIONAL HEALTH PARTNERS, INC. |
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