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Press Release Source: National Health Partners, Inc.
National Health Partners Wednesday July 16, 11:50 am ET
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 received $750,000 through Bank Julius Baer & Co., Ltd, a private
Swiss bank that is one of the two key companies forming the Julius Baer
Group. The investment was
made at a purchase price of $0.25 per share, representing a more than 13%
premium to the $0.22 closing price of the company's stock on July 14,
2008, the date the investment in the company was
consummated.
The Julius Baer Group (Julius Baer) is the
leading dedicated wealth manager in Switzerland. It concentrates exclusively on
private banking and asset management for private and institutional
clients. With more than 4,000
employees worldwide, Julius Baer managed assets in excess of $400 billion
at the end of 2007. Julius
Baer's global presence comprises more than 30 locations in Europe, North
America, Latin America and Asia, including Zurich, Buenos Aires, Dubai,
Frankfurt, Geneva, Hong Kong, London, Lugano, New York, Singapore and
Tokyo. Bank Julius Baer and
GAM, a leading global active asset manager, are the key companies of The
Julius Baer Group. The
investment through Julius Baer follows closely on the heels of the
company's recent announcement that it has been selected by a 5,000-member
union as the health benefit program provider for all of the union's
members in a deal that is expected to generate annual revenue of between
$7.2 million and $9.6 million for the company.
"It is the
greatest of compliments for us to have received this investment through
Julius Baer," stated David M. Daniels, the President and Chief Executive
Officer of National Health Partners.
"Julius Baer is the largest and most prestigious bank and wealth
manager in Switzerland. The
decision to invest in us at a large premium to market is a tremendous
endorsement of our company and shows just how undervalued our stock
currently is in light of the deals we announced recently and the
substantial nature of the opportunities that we are currently
pursuing. This investment
through Julius Baer will strengthen our balance sheet, enhance our
financial flexibility, enable us to pursue more sales and marketing
opportunities with large affinity groups and, ultimately, accelerate
growth in our revenue and cash flows."
About Julius Baer
The Julius Baer Group (Julius Baer) is the leading dedicated wealth manager in Switzerland. Julius Baer, which has roots dating to the nineteenth century, concentrates exclusively on private banking and asset management for private and institutional clients. With more than 4,000 employees worldwide, the Julius Baer managed assets in excess of $400 billion at the end of 2007. Julius Baer's global presence comprises more than 30 locations in Europe, North America, Latin America and Asia, including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, New York, Singapore and Tokyo. Bank Julius Baer and GAM, a leading global active asset manager, are the key companies of the Group. The shares of Julius Baer Holding Ltd. are listed on the SWX Swiss Exchange and form part of the Swiss Market Index SMI which comprises the 20 largest and most liquid stocks. Julius Baer is headquartered in Zurich, Switzerland. For more information on Julius Baer, please visit its website at www.juliusbaer.com.
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 corporate 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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