YONKERS, N.Y., April 18, 2005 (PRIMEZONE) -- Comprehensive HealthCare Solutions, Inc. (OTCBB:CMHS) has enjoyed a number of exciting ground breaking agreements, some of which are now beginning to come to fruition.
CMHS has finalized a joint venture agreement with Alliance Healthcare, Inc. (OTCBB:ALHC) to market prescription discount cards. This agreement has enabled CMHS to significantly enhance its capacity to customize its discounted card benefits and services. This will allow CMHS to meet the ever-increasing demand of its major commercial clients and group prospects. This agreement has opened new markets for ALHC using CMHS's existing and potential client relationships. With over six years experience in the prescription discount card business, ALHC offers an efficient and experienced infrastructure and low cost fulfillment center.
CMHS also announced a joint marketing venture with Thesco Benefits, LLC. Thesco is the tenth largest benefit specialist in the United States according to the June 2004, listing of business insurance. This agreement provides Thesco with an array of private label discount medical programs from CMHS. These benefits support Thesco's marketing programs of offering various types of discount healthcare services and benefits to its client base. CMHS will train Thesco's key representatives on CMHS's benefit programs.
CMHS further announced that it has signed a new client, Better Claims Management Solutions, with membership well into the ten's of thousands. Paul Rothman, President of CMHS, stated, "This newest marketing venture has begun. We are now offering our discount benefit cards to approximately 100 of the largest brokerage agencies in the New York metropolitan area. The markets to which these services will be offered are mostly underinsured individuals and families. CMHS and the brokers expect a large percentage of this group to sign up in 2005".
Rothman went on to say, "There are a number of new and exciting events that have been negotiated with municipalities, large groups and well known corporations, and when added to the occurrences of the past few months should result in continued growth."
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.