HORSHAM, Pa., Oct. 26, 2011 /PRNewswire/ -- National Health Partners, Inc. (National Health) (OTCBB: NHPR), a leading provider of discount healthcare membership programs, announced today that it has entered into several new agreements for marketing both CARExpress and CARExpress Plus. The company expects memberships to double within the next 90 days.
Two of the programs are expected to deliver the largest number of new members in the Company's history and both are scheduled to launch over the next two weeks. The Company is also ramping up marketing efforts for the CARExpress Plus program, initially launching a campaign to a group of over 1,000 members. The combination of these agreements will have a significant impact on the company by year-end. With the addition of these new campaigns, the company expects to achieve positive cash flow during the early part of the 1st quarter of 2012.
"We have seen a tremendous interest from several very large organizations that want to market our CARExpress membership programs as well as our CARExpress Plus combined membership programs," stated David M. Daniels, National Health Partners' President and CEO. "We have been working very hard to close some of these opportunities and are excited that we have several of them signed and ready to move forward immediately. While we have the capacity to handle the initial volume of business, we do anticipate adding more staff during the quarter in order to handle the increasing volume of sales that are expected as these programs fully ramp up and as other expected agreements are finalized and implemented."
Mr. Daniels further stated, "This is a very exciting time for our Company and I am certain that everyone who follows the Company will be pleased with our results for this quarter and in the coming year. We have been very diligent with lowering our overall expenses and coupled with the sharp increase in new sales, we expect to generate strong cash flow growth going forward. Although we may reach positive cash flow before the end of this year, I am quite confident that we will see very strong monthly cash flow beginning in January. We expect to see our sales and bottom-line results grow sharply on a sequential basis for the first few quarters of next year. This is a major milestone in our history and I look forward to updating our performance in the near term as we continue to build on the strong momentum that we are experiencing."
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 includes the millions of 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-K for the year ended December 31, 2010 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.
National Health Partners, Inc.
SOURCE National Health Partners, Inc.