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
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,
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 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.
National Health Partners, Inc.
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