Intrepid Announces New Strategy
Oct 24, 2007 1:54:00 PM
Copyright Business Wire 2007
HOUSTON--(BUSINESS WIRE)--
Intrepid Holdings, Inc. (OTCBB:ITPD) announced today that it intends to expand its "My" branded clinic operations in retail pharmacy, retail grocery and free standing locations. Intrepid is evaluating its clinics in big box mass merchandise retailers to determine if they continue to fit in the new direction of the company's business.
"Our goal is to provide quality convenient and affordable healthcare to our patients while providing the opportunity for our company to be profitable and sustainable," stated Toney Means, President of Intrepid and CEO of the Clinic Group. "We believe that we have come to understand some of the significant nuances of the retail clinic business that allow for our profitability goals to be met in our chosen markets. Additionally, we believe we have determined the best clinic models and venues for our company to continue sustainable long term growth while reaching profitability in a reasonable time frame and maximizing our shareholder value," added Means.
After operating clinics for over a year the company believes it has gained an understanding of its target market and the nuances of the retail clinic industry. Intrepid believes that the smaller footprint retail clinics in its chosen venues offer it a greater savings in operations and a greater opportunity to become profitable more quickly
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