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Press Release Source: National Health Partners, Inc.
National Health Partners Friday September 19, 7:30 am ET
HORSHAM, Pa - (BUSINESS WIRE) - National Health Partners, Inc. (OTCBB: NHPR - News), a leading provider of unique discount healthcare membership programs, today released a statement on the effect of the current financial turmoil in the markets on the company's future results of operations and stock price.
"In view of the speculation about the impact of
the current financial predicament on National Health Partners and some of
the calls we have received from our investors, we felt it important to
release a statement to clear any doubts about our exciting future,"
National Health Partners' President & Chief Executive Officer David
Daniels said. "The recent
events within the financial industry are historic. The lack of investor confidence in
the U.S. stock markets is causing the share price of companies to suffer
greatly. Companies of all
sizes on all markets are trading at substantially discounted valuations
because of the overall market turmoil. Many companies that are
fundamentally strong, like us, are suffering from a temporary lack of
confidence in the overall market."
"The fundamentals of our
business remain very strong - as strong as they were when the financial
turmoil first hit. We have
plenty of capital on hand and expect to begin generating significant sales
from our recently announced deals during the remainder of 2008. All of our business ventures are
progressing as planned, completely unaffected by recent market events.
We expect that the negative
impact of the current financial predicament on the company, if any, will
be negligible. As such, we
are not aware of any reason for the recent decrease in our stock price
other than the current instability in the financial
markets."
"We remain very enthusiastic
about what the future holds for National Health Partners and expect to
make several announcements in the near future regarding the status of
major deals that we announced previously and new agreements that we will
be entering into. We are
entering a very exciting time for the company and fully expect our stock
to rebound as the current financial turmoil subsides and the company
executes upon its business
plan."
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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