MIAMI, June 20, 2013 (GLOBE NEWSWIRE) -- Novus Acquisition & Development Corp (OTC Market:NDEV) Novus' CEO Frank Labrozzi updates shareholders and the investment community regarding their portfolio companies' performance. "Labrozzi states that Baroma, Inc. continues to gather interest and grow."
Baroma an Accountable Care Organizations Now Serve 14% of Americans: The estimate comes from a 2/13 analysis by the consulting firm Oliver Wyman, based on the Department of Health and Human Services' announcement of the latest class of Accountable Care Organizations (ACOs) approved to participate in Medicare's ACO programs. The analysis also notes that more than half of the U.S. population now live in localities served by Accountable Care Organizations and almost 30 percent live in areas served by two or more. Oliver Wyman estimates there had been an increase of 40% since 8/12.
428 total ACOs now existing in 49 states: According to a blog by David Muhlestein at HealthAffairs.org, the growth has been substantial, particularly among physicians and hospitals, as evidenced by the blog's adjacent graphic. At this stage the company will increase its beneficiary base by 10% per month.
About Novus
Is a merger and acquisition company where its works with newly acquired companies in branding their products and or services, advertise and market through all media forums, build distribution by funding their efforts through investment and organically. We give our operating companies the resources, services, skills and experience necessary for success in the public market as well as growing their business. Novus selects successful companies then assists these companies with business development and creates profitability and value for our shareholders. The Company's niche is small to medium cap companies that seek to enter the equity markets and want the necessary marketability and deployment of its capitalization structure and its business model.
Radio Interview;
An interview was held on May 5, 2013; an archived recorded version can be found on the homepage of Stock Traders Talk at www.stocktraderstalk.com
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Also any future declaration of stock dividends either stock or cash is the sole discretion of management, however any disclosure of stock dividend in this statement is for the purpose of management business model, however approval from the Securities Exchange Commission will made prior to any commitment or delivery of any dividends. Some of these factors include: general global economic conditions; general industry and market conditions and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, includes codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. This includes performance of Novus' portfolio companies. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.