YONKERS, N.Y., Feb. 16, 2006 (PRIMEZONE) -- Comprehensive HealthCare Solutions, Inc. (OTCBB:CMHS) announced that they have signed a contract with National Income Life Insurance Company (NILICO) to distribute Comprehensive's Dental, Vision, Hearing and Prescription benefit discount cards to its licensed insurance agents throughout New York State.
NILICO is a wholly owned subsidiary of American Income Life Insurance Company, rated A+ "Superior" by A.M. Best for overall financial strength. American Income Life is a 50-plus year old company, licensed in 49 states, the District of Columbia, Canada and New Zealand, and is nationally recognized as one of the significant carriers of supplemental insurance in North America. American Income Life is a wholly owned subsidiary of Torchmark Corporation (NYSE:TMK), a company specializing in life and supplemental health insurance, whose total assets exceed $12.8 billion.
Paul Rothman, President of Comprehensive HealthCare Solutions, Inc. stated, "With this agreement, we have become a provider of customized Dental, Vision, Hearing and Prescription benefit discounts for National Income Life's New York agents to offer to their clients. This value added benefit will allow Comprehensive to earn revenue on both an activation fee and on prescriptions purchased using the prescription discount card. We are optimistic that this marketing opportunity will open up new distribution channels for distributing Comprehensive's benefit discount cards out to the general public."
Forward-Looking Statements Statements released by Comprehensive HealthCare Solutions, Inc. that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.