Alliance HealthCard Expands Card Base and Customer Service Capabilites.Business Editors ATLANTA--(BUSINESS WIRE)--Aug. 8, 2002 Alliance HealthCard, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ALHC ALHC American Lindy Hop Championships (swing dancing competition) ALHC Associate, Life & Health Claims ) announced today that it issued approximately 130,000 health savings cards during the two months ended July 31, 2002 including nearly 60,000 cards in one week, the largest number ever issued by Alliance in a single week. Nearly all of these cards were issued to policyholders of Alliance's previously announced insurance company clients that represent a new, high potential distribution channel for Alliance's health savings cards. "Our pipeline of new business is strong," said Robert D. Garces, Chairman and Chief Executive. "We are especially pleased with our new distribution channels that should give Alliance better access to large groups of potential Alliance HealthCard members. Furthermore, based upon current contracts, Alliance is on track to issue an equal number of cards during August and September, 2002," Garces added. To support this growth, Robert R. Goodyear, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , stated that Alliance recently expanded its fulfillment ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. and customer service capabilities. Its outsourced fulfillment center, operated by Direct Technologies, Inc., has expanded its capacity and flexibility to provide a wider choice of fulfillment options and more rapid fulfillment. Alliance's call center now employs Member Service Representatives fluent fluent /flu·ent/ (floo´int) flowing effortlessly; said of speech. in Spanish, Portuguese and Russian as total staffing doubles this quarter. The call center has tripled its number of communication paths, doubled server capacity and increased systems redundancy to ensure the highest level of customer service. Alliance HealthCard is a leading national healthcare provider delivering prescription and healthcare service savings programs. The company primarily focuses on selling its products through retail pharmacies, alternative medicine practitioners, and health insurers. Alliance has a national network of more than 300,000 healthcare professionals in 16 different major specialty areas, and markets other goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. at discounts to its members. For additional information on Alliance HealthCard, please visit its website at www.alliancehealthcard.com or contact Robert D. Garces, Chief Executive Officer. Certain matters discussed in this release contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are subject to risks, assumptions and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. The Company believes the assumptions underlying these forward-looking statements are reasonable; however, any of the assumptions could be inaccurate, and, therefore, actual results may differ materially from those projected in the forward-looking statements. The factors that may result in actual results differing from such forward-looking information include, but are not limited to: the concentration of the Company's clients; dependence upon vendors; the Company's ability to maintain adequate liquidity through its cash resources and credit facility; government regulation and/or legislation; the highly competitive nature of the industry in which the company operates; changes in pricing policies; delays in contract start dates; and lower-than-expected demand for the Company's healthcare benefit cards. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statements contained herein to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or occurring after the date of this release or to reflect the occurrence of unanticipated events. |
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