NHPR $1.50-$2 stock very soon
National Health Partners Announces Business Update to Investors
3:08p ET August 2, 2007 (Business Wire)
National Health Partners, Inc. (OTCBB:NHPR), a leading provider of unique discount healthcare membership programs, announced today that revenue for the second quarter of 2007 increased substantially over the first quarter of 2007 and that its revenue and member growth rate continues to accelerate. The revenue generated by the company for the first half of 2007 already greatly exceeds the revenue generated by the company for the entire 2006 year. The company also reconfirmed that it expects to achieve profitability in the second half of 2007.
The company has also been experiencing stronger growth in new members over the past 30 days. The company achieved almost 5,000 new members this past week and has continued generating new members at a similar rate this week. The company expects this growth to continue for the foreseeable future and expects the increased number of members to result in substantial revenue growth for the company during the second half of 2007.
"We are very pleased with the financial results that we have achieved during the second quarter of 2007 and the membership growth we are currently experiencing," stated David M. Daniels, President and Chief Executive Officer of National Health Partners. "We have tremendous momentum in our pipeline of business partners for both our traditional CARExpress health discount programs and our new CARExpress Plus membership programs. We expect to have a stellar third quarter and expect to achieve profitability in the second half of 2007."
The company expects to announce its full results for the second quarter of 2007 after it files its quarterly report with the Securities and Exchange Commission.
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 is 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 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-KSB 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.
SOURCE: National Health Partners, Inc.
National Health Partners, Inc. Alex Soufflas Chief Financial Officer 215-682-7114 info@nationalhealthpartners.com
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