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Press Release Source: National Health Partners, Inc.
National
Health Partners
announces LANDMARK UNION DEAL
Company selected as health
membership program provider
for 5,000-member union that is expected to
generate
HORSHAM, Pa - (BUSINESS WIRE)
- National Health Partners, Inc. (OTCBB: NHPR - News), a leading provider of unique discount
healthcare membership programs, announced today that it has been selected
by a 5,000-member union as the health benefit program provider for all of
the union's members. The deal
is expected to generate annual revenue of between $7.2 million and $9.6
million for the company. Upon
completion of the enrollment of all participating union members in
CARExpress Plus, the company could be generating annual revenue of more
than $12 million through this relationship.
The union will be comprised of approximately
5,000 members on behalf of whom the union will be purchasing
specially-designed CARExpress Plus membership programs ranging in price
from $125 per month for individuals to $285 per month for families. On a conservative basis, the
company expects to obtain a minimum of between 3,000 and 4,000 members
through this affiliation at an average price of $200 per month, yielding
between $600,000 and $800,000 of revenue per month and between $7.2
million and $9.6 million of revenue per year. The actual amount of revenue that
the company will generate through the union will depend on the total
number of union members participating in CARExpress Plus and the mix of
CARExpress Plus membership programs selected by the individual union
members. The company expects
to begin enrolling members during the third quarter of 2008.
"This is a landmark deal for National Health
Partners," stated David M. Daniels, President and Chief Executive Officer
of National Health Partners.
"We competed vigorously for this opportunity and are very excited
to have been selected by the union as its health membership program
provider. We are also very
happy about the fact that this
is a fully funded deal for our CARExpress Plus programs, meaning that the
union will be paying the monthly membership fees to us directly out of the
union's cash reserves rather than requiring that the union members pay all
or part of the fees. This relationship will generate
millions of dollars of revenue for us during the second half of 2008 and
beyond which will cause our quarterly and annual revenue to increase
exponentially in the future. We are poised for explosive growth
during the second half of 2008 and will continue to work aggressively to
capitalize on all of the tremendous opportunities in front of
us."
This is the second time in 2008 that the
company has been selected by a union as its health membership program
provider and follows closely on the heels of several other agreements the
company has announced in recent weeks. During
the past six months, the company has entered into agreements with several
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, many of which are already producing revenue
for the company. The company
is also negotiating agreements with several new affinity groups that it
expects to complete and announce in the near future. Many
of these affinity groups have the potential to increase the company's
revenue and cash flow substantially over a relatively short period of
time.
"This is really, really big," added Mr. Daniels. "I take my hat off to everyone who came together on this project and have great faith that it is going to surpass all expectations. Our selection as the health membership program provider for this union is a major milestone for National Health Partners as it represents the single greatest accomplishment in the company's history. This achievement has opened up doors for us with other large affinity groups that should result in us obtaining several additional deals in the future that are similar in size and scope to this one. Affinity groups are much better business partners for us than the marketing companies that we utilized in the past because affinity group members are much less costly to obtain and boast very high retention rates. Through affinity groups, we will be able to demonstrate the true benefits of our high-margin, monthly recurring revenue stream model on a large-scale basis."
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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