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.

 

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.
Alex Soufflas, 215-682-7114
info@nationalhealthpartners.com

_______________________
Source: National Health Partners, Inc.

 

 
 
home   |   about us   |   products & services   |   CARExpress   |   investor relations   |   press releases   |   news articles
sitemap   |   contact us   |   request info

Send mail to info@nationalhealthpartners.com with questions or comments.  Copyright © 2006 NATIONAL HEALTH PARTNERS, INC.

HOME