NHPR
HORSHAM, Pa.--(BUSINESS WIRE)--National Health Partners, Inc. (OTCBB:NHPR - News), a leading provider of unique discount healthcare membership programs, announced today that revenue for its third fiscal quarter ended September 30, 2006 increased 750% to $410,000 from $48,282 for the corresponding period in 2005, and that its membership base increased 675% to 9,300 members at the end of its third fiscal quarter ended September 30, 2006 from 1,200 members at the end of the corresponding period in 2005. The company projects Q4 2006 revenue to range between $1,200,000 and $1,600,000, representing growth of between 200% and 300% over Q3 2006 levels.
"We are very pleased with the explosive growth we are experiencing," stated David M. Daniels, President and Chief Executive Officer of National Health Partners. "We now have about 10,000 members and our pipeline has never been stronger. We are currently generating significant recurring monthly revenue streams from several of our business partners. Our tremendous revenue growth for this past quarter is a tribute to the investment we made in expanding the number of business partners marketing and selling our programs. Our revenue and membership growth continue to accelerate and our future has never been brighter."
The company's revenue for the third quarter of 2006 increased 750% to over $410,000 compared to $48,282 for the third quarter of 2005, and its membership base consisted of 9,300 members at the end of the third quarter of 2006 compared to 1,200 at the end of the third quarter of 2005, an increase of 675%. Based on the company's Q3 2006 results and the rate of its current billings, the company expects Q4 2006 revenue to range between $1,200,000 and $1,600,000 and expects its membership base to range between 20,000 and 25,000 members by December 31, 2006.
National Health Partners' non-traditional approach to healthcare provides an innovative and cost-effective means for uninsured and underinsured individuals to obtain the healthcare they need at significantly reduced costs. Through its co-branding strategy, the company has networked with prestigious leaders such as CareMark and Aetna to create a revolutionary solution that lowers the costs of prescriptions and medical, dental and vision care through relationship optimization for millions of people.
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