National Hyperbaric Rehab Center Inc. (Pink Sheets: NHYB) Announces a New Name, SanCuro Corporation, and a New Ticker Symbol (Pink Sheets: SCRO), and Restructures in Preparation for New Growth and Development
Jerry N. Gines, Chairman/CEO of SanCuro Corporation, announces that with the support of a majority of its shareholders, National Hyperbaric Rehab Center Inc. (Pink Sheets: NHYB), a Nevada-based Hyperbaric Medicine and Wound Care provider, has implemented its plan to recapitalize the company’s Two Hundred Eighty-Six Million Five Hundred Eighty Thousand One Hundred Ninety-Two (286,580,192) shares with a Five Hundred (500) for One (1) reverse split and has changed the name of the company to SanCuro Corporation effective February 7, 2008.
SanCuro Corporation has signed a letter of intent to acquire SanCuro Wound Care Systems Inc. SanCuro Wound Care Systems Inc.’s principal assets include a contract to manage a Wound Care and Hyperbaric Medicine Department of Ogden Regional Medical Center, a Hospital Corporation of American (HCA) facility in Ogden, Utah. HCA is the second largest Hospital Management organization in the country. HCA has 170 hospitals and 113 outpatient centers in 20 states and England under management. In preparation of servicing this contract, SanCuro Wound Care System is currently building a Fifteen Thousand Four Hundred (15,400) square foot Medical Office building on campus at Ogden Regional Medical Center. This facility will host the Hospital Department and house and manage the practices of up to Seven (7) physicians. The facility includes a state-of-the-art Hyperbaric and Wound Care Department of Ogden Regional Medical Center. Construction of this facility commenced October 7, 2007 and is forecasted to be operational mid-July 2008.
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of SanCuro Corporation. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
SanCuro Corporation
Cameron White, 801-944-6000
Source: Business Wire (February 8, 2008 - 8:31 AM EST)
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