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Press Release Source: National Health Partners, Inc.
National
Health Partners
announces ReVENUE
FOR Q1 2008
Company's revenue for Q1 2008
increases 73% from Q4 2007
as company reaffirms revenue
forecast of $12 to $15 million for 2008
Wednesday May 7, 7:00 am
ET
HORSHAM, Pa. - (BUSINESS WIRE)
- National Health Partners, Inc. (OTCBB: NHPR - News), a leading provider of unique
discount healthcare membership programs, announced that revenue for its
fiscal quarter ended March 31, 2008 increased 73% to approximately
$820,000 from $474,022 for its most recent fiscal quarter ended December
31, 2007 as a result of continued strong growth in sales to members of
affinity groups. The company
also reaffirmed that it expects to generate between $12 and $15 million of
revenue during 2008, the large majority of which will be recognized during
the second half of 2008 as sales are generated through the new agreements
that the company has recently signed.
The
company attributes its strong sequential growth in quarterly revenue to a
sharp increase in sales of its CARExpress health discount programs and
CARExpress Plus membership 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,
as well as
insurance brokers and agents.
In the last few months, the company has announced new business
agreements with several of these groups due to the overwhelming demand it
has been experiencing for its programs. These agreements are expected to
begin yielding a significant amount of revenue for the company during the
second half of 2008, resulting in substantial revenue growth for
2008.
"I am very pleased with the
revenue that we generated this past quarter," stated David M. Daniels,
President and Chief Executive Officer. "Transitioning our sales to
affinity groups and away from marketing companies was challenging, but the
revenue that we are already generating from these groups is
remarkable. Our sales
increased 73% between Q4 2007 and Q1 2008. This type of sequential
quarter-over-quarter growth in revenue is what we have been working
towards for a long time. We
have tremendous momentum in our pipeline of business partners for both our
CARExpress health discount programs and our CARExpress Plus membership
programs and are very excited about what the future holds in store for
National Health Partners. As
our new business partners continue to ramp up sales of our CARExpress
programs, we expect to realize a significant amount of revenue during the
second half of 2008 and, as a result, expect to generate between $12 and
$15 million of revenue during 2008."
The company expects to announce its full results for the first quarter of 2008 when it files its quarterly report with the Securities and Exchange Commission later this month.
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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