AHEA Inks Additional Revenues of $8,000,000 or $0.16 Per Share Net Income.NEW YORK--(BUSINESS WIRE)--Dec. 15, 1999-- American Healthcare Providers, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). AHEA AHEA Adult Higher Education Alliance AHEA American Home Economics Association (now American Association of Family and Consumer Sciences) AHEA Australian Horticultural Exporters Association AHEA American Hungarian Educators' Association ) announces additional revenues of $8,000,000 from newly culminated pharmaceutical services contract. This will equate to approximately $1,400,000 or $0.16 per share in positive net income over the next fiscal year. American Healthcare Providers has executed an exclusive services agreement with a group of medical centers in the Metropolitan New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of area. Under this agreement, AHEA will supply and dispense medications to nearly 14,500 patients including 3,500 home care patients. AHEA will soon begin negotiations with other medical centers in New York, and states in which laws permit the rendering of this service. The company has entered into a pricing agreement with Direct Dispensing, Inc. of Miami, Florida “Miami” redirects here. For the Native American tribe, see Miami tribe. Miami is a major city in southeastern Florida, in the United States. It is the county seat of Miami-Dade County. Miami is a gamma world city with an estimated population of 404,048. and Amadeus Pharmacy of Manhattan. In addition, the company has approved an agreement to acquire Amadeus Pharmacy within 90 days. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Arthur Wheeler Arthur Wheeler may refer to:
Further details will be released in the company's upcoming "Vision 2000" investor awareness program. AHEA is a dynamic and multifaceted health care services company with authorized shares Authorized shares Number of shares authorized for issuance by a firm's corporate charter. of 8,494,1999 and a float of 3,562,189. Except for historical information contained in this news release, the matter discussed are forward looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate", "believe", "estimate", "expect", and "intend" in similar expressions, as they relate to the company or its management, identify forward looking statements. Such forward looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization or technological difficulties; the regulatory trade environment; and the risk factors reported from time to time in the company's SEC reports. The company undertakes no obligation to revise and forward looking statements as the result of future events or developments. |
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