Monday, May 15, 2006 9:12:26 PM
Mat
The Company anticipates that, for at least the next twelve months, the HMO's ongoing development efforts, reserve requirements and operating costs will be funded by the Company's current cash resources and projected cash flows from operations, and expects to lose approximately $3.0 million to $5.0 million in 2006 for this continued development. The HMO has filed expansion applications for several additional Florida counties. While no assurance is given that approval will be granted to operate in any or all of these counties, the Company has been investing resources in network development efforts for this expansion. Enrollments in these new markets could begin as early as January 2007, with marketing and sales efforts commencing in late 2006.
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