HOUSTON, Aug. 2, 2005 (PRIMEZONE) -- Complete Care Medical, Inc. (Pink Sheets:CCMI) is pleased to announce that its wholly owned subsidiary, Diabetes Gold, Inc., has entered into a Marketing Agreement with Alliance HealthCard, Inc., through which Diabetes Gold will become the preferred provider of diabetes supplies and services for all of the Alliance-sponsored health plans.
Alliance HealthCard specializes in creating, marketing and distributing value-added healthcare savings programs, services, and products. Alliance focuses predominantly in underserved markets where individuals either have limited health benefits, or no insurance. These markets may vary widely from senior populations with Medicare, to part-time employees, to pockets of the over 40 million uninsured looking for lower cost medical services and access to providers. Alliance's health discount plans require members to pay the provider cash at the time of service, therefore eliminating the need for insurance forms and filing. The discounts, similar to managed care discounts, save the individual much more than the cost of the program itself. Alliance HealthCard, Inc., headquartered in Atlanta, GA , is the largest sponsor of health discount plans in the United States, with nearly 25 million members.
"This alignment with the nation's leading provider of discounted health plans provides Diabetes Gold with access to an estimated 1.5 million diabetes patients. We intend to move aggressively to identify and convert these patients to Diabetes Gold product, which we believe is the superior diabetes management plan available," said J.P. Monteverde, CEO of Complete Care Medical, Inc. "This sought after Agreement is another step forward in our expansion as a leading mail order pharmaceutical and disease management provider."
Through its subsidiaries, Complete Care Medical, Inc., provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offers healthcare payers, healthcare providers, healthcare professionals and patients with easy access to utilization and compliance data in order to improve patient outcomes and improve quality of life.
For more information: www.ccmedicalinc.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
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