YONKERS, N.Y., May 2, 2005 (PRIMEZONE) -- Comprehensive HealthCare Solutions, Inc. (OTCBB:CMHS) announces over 300,000 Luzerne County discount prescription cards will be delivered May 11, 2005 to Luzerne County, Pa., Commissioners Offices for distribution.
The Luzerne County Commissioners will hold a press conference on May 11th to inform the county's residents and other interested parties on how they will benefit from using Comprehensive's discount prescription benefit card. As previously released on April 20, 2005, 20% of Luzerne County's population is over age 65. Another 24% of the population is between the ages of 45 and 64. Based on the age demographics and other key factors Comprehensive expects that Luzerne County's utilization rate will exceed the national average. On a quarterly basis, Comprehensive will receive a transaction fee on approximately 85% of all the prescriptions purchased using the Luzerne County discount prescription card.
Comprehensive's Chairman & CEO, John Treglia added, "The Luzerne County Commissioners are very upbeat about the opportunity to provide their residents with much needed economic assistance in meeting their prescription needs. By utilizing the prescription discount card residence will recognize savings on prescription costs of up to 40% with an overall average of better than 20%. Luzerne County, like other state and local governments, is keenly aware that the national average prescription cost is $62 with some areas as high as $100. As a result of this development, we are now pursuing a number of other municipal governments who have also expressed interest in providing these benefits to their constituents. Based on this heightened interest, we feel more confident than ever in our ability to grow the company rapidly."
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This press release contains forward-looking statements regarding the intent, belief or current expectations of the Company and members of its senior management team. While the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that would cause actual results to differ materially from those contemplated within this press release include but are not limited to, those associated with general business conditions; client concentration; dependence on network providers; the timely and efficient implementation of customer contracts; developments in health care reform and other regulatory issues and changes in laws and regulations in key states where the Company operates; future capitol needs; control by directors and officers; and the loss of key management personnel. Readers are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events.