MISSION VIEJO, Calif., Oct. 11, 2006 (PRIMEZONE) -- flexSCAN, Inc. (OTCBB:FXSC) today announced an agreement with Coastal Communities Hospital to bring health360(tm) health and wellness services to about 480 employees to the Santa Ana, CA-based hospital. health360(tm) offers a wide range of services including disease screening, health risk assessments, online diet and fitness programs, and electronic personal health records (PHR). The agreement also allows flexSCAN to offer its PHR system (trademark PHR360) to more than 40,000 patients who visit Coastal Communities Hospital each year.
Craig Myers, CEO of Coastal Communities Hospital, said, "We looked at quite a few wellness programs, but found that health360(tm) is the only one that gave us everything we needed. It's also the only program out there that will ultimately help us lower our health insurance costs. We also have added benefit of PHR360 which is an excellent value-added service that we can now offer to our patients."
"health360(tm) is the solution that many employers are searching for," said Ken Westbrook, President of flexSCAN. "They have been searching for a way to control the costs from rising insurance premiums and declining health in the American workforce. Neither Coastal Communities Hospital or its employees will not be asked to fund this program, because flexSCAN's advertisers, researchers, and other third-party content drivers will be underwriting its entire cost."
The company generates revenues from advertisers and researchers who pay fees to gain access to the large amount of HIPAA compliant, de-identified data collected by flexSCAN's PHR system plus the cumulative advantage of a highly defined and highly motivated audience.
About flexSCAN, Inc.:
flexSCAN, Inc. is an innovator of corporate health and wellness programs that help employers address the spiraling increases in healthcare premiums. flexSCAN's patent-pending and proprietary program health360(tm) rewards employees for managing their health and wellness by using the company's online personal health records (PHR) system and other services. The program simultaneously remunerates employers for endorsing and supporting the program. For more information about flexSCAN visit www.flexscan.com or www.health360.com.
Forward-Looking Statements: Certain matters discussed in this news release are "forward-looking statements." These forward-looking statements, which apply only on the date of this release, generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "estimates," "anticipates," "believes," "continues" or words of similar import. Similarly, statements that describe flexSCAN's future plans, objectives or goals are also forward-looking statements, which generally involve known and unknown risks, uncertainties and other facts that may cause the actual results, performance or achievements of flexSCAN to be materially different from those expressed or implied by such forward-looking statements. Such factors may include the following: uncertainties associated with product development, the risk that flexSCAN will not obtain approval to market its products, the risk that flexSCAN's products will not gain market acceptance, the risks associated with dependence upon key personnel and the need for additional financing.