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Press Release Source: National Health Partners, Inc.
National
Health Partners
announces POSITIVE CASH FLOWS FROM
OPERATIONS STARTING IN mARCH
2009
Company's
focus on affinity groups and cost-cutting initiatives
have
resulted in strong revenue growth at significantly lower
cost
Wednesday February 25, 2009,
7:30 am EST
HORSHAM, Pa. - (BUSINESS WIRE)
- National Health Partners, Inc. (OTCBB: NHPR - News), a leading provider of unique
discount healthcare membership programs, announced today that it will
begin generating positive cash flows from operations during March 2009 as
a result of the success it is experiencing from sales of its CARExpress
programs to affinity groups.
The company stated that Q2 2009 will be the first full quarter
during which the company will generate positive cash flows from
operations, and that the company expects to generate between $1M and $2M
in positive cash flows during the remainder of 2009.
The company's business has
improved greatly in recent months notwithstanding the deplorable state of
the U.S. economy, with sales to new members increasing by over 100% per
month during the last 4 months of 2008. The company has benefited from
organizations shifting away from more expensive, comprehensive health
insurance programs to the company's CARExpress membership programs. This shift has resulted in the
company generating increased sales of both its CARExpress health discount
programs and its CARExpress Plus membership
programs.
"We have been actively seeking
opportunities to create new revenue streams for National Health Partners
while maximizing our cash flows," stated David M. Daniels, President and
Chief Executive Officer of National Health Partners. "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. These sales, coupled with a
variety of cost-cutting measures that we implemented over the past few
months, are the reason we will be cash flow positive starting in March
2009."
"We have recently entered into agreements with several business groups, associations, chambers of commerce and unions that will be making its membership programs available to thousands of uninsured and underinsured people," continued Mr. Daniels. "We expect to make announcements regarding these new business affiliations in the coming weeks once they begin generating new members for us."
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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