National Health Partners, Inc. (OTCBB:NHPR), a leading provider of unique discount healthcare membership programs, announced that it expects to generate revenue of between $12 million and $15 million for its fiscal year ended December 31, 2008 as a result of strong growth in sales to members of affinity groups.
The company has successfully transitioned its mix of business partners from marketing companies to small businesses, associations, unions, chambers of commerce and related organizations, as well as insurance brokers and agents. In the last couple of months alone, the company has terminated its agreement with Trident Marketing International and announced new business agreements with Internet Coupon Exchange, TotalHR, Consultancy Services International, America’s Professional Services Association, the Troy Chamber of Commerce, the Michigan Hispanic Chamber of Commerce, the Polish American Congress – Michigan Division and a 200-member union group, as well as several other organizations.
As a result, the company is now generating positive cash flows from operations and expects the second quarter of 2008 to be its first full fiscal quarter with positive cash flows from operations. The company currently expects to generate revenue of between $12 million and $15 million for its fiscal year ended December 31, 2008. It also expects to submit an application later this year to have its common stock listed on the NASDAQ or AMEX.
“I am very excited with what we have accomplished over the past few months,” stated David M. Daniels, President and Chief Executive Officer. “The sheer quantity of deals that we have signed over this short period of time is terrific and we have many more on the way. Our cash flows have improved substantially and the revenue we are generating from these deals is growing quickly. I believe that the results we are generating now and the results we expect to generate in the future will soon reflect themselves in our stock price as investors take note of all of our tremendous accomplishments.”
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.