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Press Release Source: National Health Partners, Inc.
National
Health Partners
announces
Record RESULTS FOR 2007
2007
revenue increases 100% as company forecasts
profitability and positive cash flows from
operations during 2008
Monday
March 31, 9:01 am
ET
HORSHAM, Pa - (BUSINESS WIRE) - National Health Partners, Inc. (National Health) (OTCBB: NHPR - News), a leading provider of unique discount healthcare membership programs, announced today that 2007 revenue increased almost 100% to $3,724,204 from $1,870,612 for 2006. The company expects revenue for its full fiscal year ended December 31, 2008 to range between $12 million and $15 million as the company continues selling its CARExpress health discount programs and its CARExpress Plus membership programs to people across the country. The company also expects to begin generating a net profit from operations and positive cash flows from operating activities during 2008.
2007
Performance Highlights
"We are extremely pleased with our
financial results for 2007," stated Alex Soufflas, Chief Financial Officer
and Executive Vice President of National Health Partners. "Our revenue increased
100% to $3,724,204 for 2007 from
$1,870,612 for 2006, and
our gross profit from operations increased 125% to $982,075 from $432,807
for 2006. Equally important
is that our bottom line improved substantially during 2007. Our net loss per share deceased
75% to $(0.10) for 2007 from $(0.39) for 2006."
"Our
business really began to take off
during the last quarter of 2007," stated David M. Daniels, President and
Chief Executive Officer of National Health Partners. "First, we hired Fred Wolf as our
newest Vice President of New Business Development to help drive sales of
our CARExpress membership programs to affinity groups. Second, we began entering into
agreements with some large affinity groups, such as Consultancy Services
International, Inc., TotalHR, Inc., and a large union group that purchased
our CARExpress Plus programs for its members. We have since entered into
agreements with several other affinity groups, including America's
Professional Services Association, the Michigan Hispanic Chamber of
Commerce, the Polish American Congress - Michigan Division, the Troy
Chamber of Commerce, and a leading major metropolitan musicians union, as
well as several insurance brokers and agents. The groups will generate a large
number of sales for us which will result in a substantial increase in our
revenue for 2008."
Outlook
For 2008
The
company expects to generate revenue of between $12 million and $15 million
during 2008. In addition, the
company expects to begin
generating positive cash flow from operating activities and a net profit
from operations during 2008. The company attributes its future
growth in revenue to a substantial increase in sales of its CARExpress
health discount programs and CARExpress Plus programs to affinity groups,
such as unions, associations, chambers of commerce, small business
associations and other organizations that have a large number of members
or employees. The company
has been receiving overwhelming
demand for its programs from organizations
like these located throughout the country.
"Purchases of our CARExpress membership
programs by members of affinity groups located throughout the country will
be the primary driver for revenue, positive cash flow and profitability in
2008," stated Mr. Daniels. "Our focus on affinity groups should
greatly accelerate our growth as these types of groups boast large numbers
of members that will remain CARExpress members for a long period of
time. It is also far less
costly for us to access these types of groups than it is for us to engage
in expensive, nation-wide marketing and advertising campaigns. Achieving profitability will be a
major milestone in our history. Thereafter, as we continue to
execute upon our business plan, we expect strong growth in our
profitability."
"We intend to issue a letter to shareholders in the near future that will provide an in-depth description of all of the exciting things that we are currently doing," added Mr. Daniels. "I think everyone who reads it will be very impressed with our accomplishments and plans for 2008. We also expect to announce several additional agreements with large affinity groups in the near future as we continue to execute upon our business plan."
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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