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Press Release Source: National Health Partners, Inc.
National
Health Partners
announces
Record financial RESULTS
Revenue soars almost 210% during the nine
months ended
September 30, 2007 as gross profit for the same period increases over 1,350% Tuesday November 13, 2:08 pm
ET
The company also announced that its net loss
per share decreased over 70% to $(0.06) for the nine months ended
September 30, 2007 from $(0.22) for the nine months ended September 30,
2006. The company expects to
achieve record results for the 2007 fiscal year.
Q3
2007 Highlights
"We are very excited with the
outstanding financial results we continue to produce each quarter," stated
David M. Daniels, President and Chief Executive Officer of National Health
Partners. "Our revenue
increased over almost 210% to
$3,250,182 for the nine months ended September 30, 2007 from $1,052,473
for the nine months ended September 30, 2006. Equally impressive is that our
gross profit increased over 1,350% to $1,212,579 for the nine-month period
ended September 30, 2007 compared to only $83,455 for the nine-month
period ended September 30, 2006, and our net loss per share decreased over 70% to
$(0.06) for the nine months ended September 30, 2007 from $(0.22) for the
nine months ended September 30, 2007.
"Each of these items shows how quickly our financial position has been improving across all metrics, notwithstanding the substantial difficulties we experienced when we changed merchant processors during the third quarter," added Mr. Daniels. "We have recently announced several major agreements with new business partners and are in the process of completing several more. As such, we are going to be issuing a letter to shareholders within the next few days to highlight all of our achievements this past quarter and, more importantly, discuss the exciting plans that we have for the remainder of this year and throughout 2008 that will create new and diverse revenue-generating opportunities for the company. We are moving quickly towards profitability in the face of all of the challenges we have faced. I expect that our shareholders will be very impressed with where the company will be headed in both the near and long term."
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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