National Health Partners, Inc. (National Health) (OTCBB: NHPRD), a leading provider of discount healthcare membership programs, announced today that it has received an offer for a strategic licensing agreement whereby the company would allow the partner to operate the businesses of CARExpress for consideration of an upfront cash payment plus quarterly overrides on all sales of CARExpress memberships. The new partner would assume all expenses of the company while investing substantial capital in building a very successful enterprise. The licensing agreement would provide the Company with long term profit opportunities with guaranteed minimum payments for the first 3 years of the agreement
David M. Daniels , National Health Partners' President and CEO, states, "The Company has received a very unique proposal from a group that has already done a considerable amount of due diligence and is ready to move forward with their proposal. The agreement would provide the Company with a substantial upfront payment as well as growing revenues on a quarterly basis with minimum guarantees based on an escalating revenue stream. We will immediately begin our due diligence and enter into further negotiations with our potential new partner. This appears to be a great opportunity for the Company to have a licensing agreement that provides guaranteed minimum overrides without the responsibilities of any operating expenses. The new partner has assured us of making substantial financial commitments to building the CARExpress brand into several new markets that we have yet to enter. This is a very exciting proposal that offers tremendous upside and I will continue to keep our shareholders updated of this exciting new offer."
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 millions of 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 Annual Report on Form 10-K for the year ended December 31, 2010 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.
National Health Partners, Inc. David Daniels President/CEO (941) firstname.lastname@example.org
SOURCE National Health Partners, Inc.