National Health Partners, Inc. (National Health) (OTCBB: NHPRD - News), a leading provider of discount healthcare membership programs, announced today that it intends to move forward with the recently announced licensing agreement for CARExpress. Both parties have agreed to begin working on a final contract with the expectations of finalizing the agreement within approximately 45 days. Under the terms of this alliance, the Company will realize profitability immediately as a result of guaranteed minimum overrides in addition to the one-time upfront licensing fee. In addition, the Company sees strong growth with profitability in subsequent years due to the annual payout escalators over the next 5 years. The Company will not be responsible for any operating expenses related to CARExpress during the life of the agreement as the new partner assumes all operating expenses. In addition, the licensing partner will commit substantial capital for marketing CARExpress into new businesses the Company has yet to enter.
David M. Daniels , National Health Partners' President and CEO, states "After careful review of all the terms, it is clear to me the Company is in the best position it could possibly be because we will participate in the growth of the CARExpress business over the next 5 years with the guarantee we will receive minimum payouts during the life of the agreement. The total value of this contract has the potential to deliver as much as $1 a share in total earnings over the life of the agreement. It is fairly obvious we would be hard pressed to reject such a lucrative opportunity. We will realize strong earnings during the next 5 years that will allow us tremendous flexibility for expanding into other promising healthcare-related businesses. We've been in talks with some very attractive opportunities but we have not been in a position to take advantage of them; however, with our highly visible earnings we can provide potential acquisitions with strong cash flow right out of the gate. This is the most exciting time in our history and I look forward to providing more information as we work to close this agreement and announce additional high-growth opportunities. We have a lot of upside from here and I am extremely excited with these new developments."
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) 845-4637 firstname.lastname@example.org
SOURCE National Health Partners, Inc