YONKERS, N.Y., May 31, 2005 (PRIMEZONE) -- Comprehensive HealthCare Solutions, Inc. (OTCBB:CMHS) has finalized a marketing agreement with Financial Independence Company Insurance Services, Inc. (FICIS). This agreement enables FICIS to sell and market several medical discount cards including a Dental & Vision plan, a Wellness & Alternative Medicine plan, and a Pharmacy plan.
FICIS is located in Woodland Hills, CA. One of the 10 largest employee benefit brokerage firms in California, the company has clients in all 50 states. Included among the company's clients are the Cendant Companies, American Teleservices Association, Jackson-Hewitt, and American Resort Development Association.
It is anticipated that between 300,000 and 400,000 cards will be sold or distributed among the FICIS clients in the next 120 days. It is anticipated that distributions and sales to other FICIS clients will be formalized simultaneously within this period. The details of these installations will be announced as each agreement is implemented.
Dave Streilein, Comprehensive's Executive Vice President and President of the company's subsidiary Comprehensive Network Solutions, Inc., added, "We believe that this is the beginning of a significant business relationship between FICIS and our company. Working with the FICIS principals, Sheila and Howard Hartman, we have been able to design and develop high value discount plans that are affordable. Comprehensive and FICIS are committed to including only the highest quality provider networks available for these discount plans. We have accomplished these goals with the implementation of the initial products."
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.