Agreement to Sell Metcare Rx Business Extended.Business Editors/Health/Medical Writers WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 31, 2003 Metropolitan Health Networks, Inc. (Metcare) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MDPA MDPA Minnesota Data Practices Act ) announced that the agreement to sell its Metcare Rx pharmacy business to an affiliate of Healthcare Financial Corporation, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has been extended to November 7, 2003. Terms of the agreement remain unchanged. Commenting on the extension, Mike Earley, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "The parties to the previously announced agreement have made substantial progress in completing the transaction." About Metropolitan Health Networks, Inc. METCARE is a growing healthcare organization in Florida. The Company currently manages healthcare services for patients in South and Central Florida
Central Florida is the central region of the United States state of Florida, on the East Coast. and is part of a network of physicians serving more than a million people from Miami to Daytona Beach Daytona Beach (dātō`nə), city (1990 pop. 61,921), Volusia co., NE Fla., on the Atlantic coast and Halifax River (a lagoon); inc. 1876. Center of a rapidly urbanizing area, in a region settled by Spanish Franciscans in the 17th cent. on Florida's East Coast. To learn more about Metropolitan Health Networks, Inc., please visit its website at http://www.metcare.com Certain statements contained in this news release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and are subject to uncertainties and risks in part detailed in the company's Securities and Exchange Commission 10-K, 10-Q, S-8 and 8-K filings, that may cause actual results to materially differ from projections. Although Metropolitan Health Networks, Inc. believes its expectations are reasonable assumptions within the bounds of its knowledge of its businesses and operations; there can be no assurance that actual results will not differ materially from their expectations. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the company's ability to continue as a going concern; volatility of the company's stock and price; the ability to raise funds for working capital and acquisitions; access to borrowed or equity capital on favorable terms. In light of these risks and uncertainties, there can be no assurance that the forward-looking information contained in this report will, in fact, occur. |
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