Alliance HealthCard Reports First Combined Operating Results with Benefit Marketing Solutions (BMS).2007 Third Quarter Revenues Exceed $4.7 Million; Operating Income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. up 123% over Prior Year ATLANTA -- Alliance HealthCard, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ALHC ALHC American Lindy Hop Championships (swing dancing competition) ALHC Associate, Life & Health Claims ), a leading provider of health discount and lifestyle benefits plans today announced its results for the quarter ended June 30, 2007. This represents the first full quarter that the combined operating results of Alliance HealthCard and Benefit Marketing Solutions (BMS BMS abbr. Bachelor of Marine Science ) have been reported since their merger. Quarter Highlights: * Operating Income for the quarter was $1.23 million, a 123% increase over comparable 2006 quarter of $550,483 * Revenues for the quarter totaled $4.76 million, a 33% increase over third quarter 2006 revenues of $3.59 million * Net Income for the quarter was $705,359 or $.046 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, a 24% increase over comparable third quarter 2006 earnings of $568,115 or $.039 per share "We are pleased with Company's performance for the quarter. The integration of the two companies is delivering strong operating efficiencies and improved gross margins. We expect these efficiencies to have additional positive financial impact in the coming quarters. The recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. revenue nature of our business and strong client retention are also having positive effects on our results," stated Danny Wright Danny Wright is a Seattle, Washington-based radio personality, and current host of "Wright All Night" on the Jones Radio Networks. The majority of his career and success was in the Cleveland, Ohio market, most notably at WGCL, where he was a Top-40 disc jockey known as , Chief Executive Officer. "During the past quarter, our focus was on the integration of the two companies. As that nears completion, we are increasing our efforts to deliver existing products to new markets and seeking acquisition candidates to diversify our revenue base and expand our operational capabilities," stated Wright. "Results were particularly strong given we had non-recurring integration charges of approximately $275,000 and an income tax expense of $459,000 that were not in the 2006 quarter," stated Brett Wimberley, 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. . "In addition to the merger integration, during the quarter we also introduced a new lifestyle discount benefit to many of our members providing discounts on dining, travel and consumer entertainment. We expect this benefit to positively impact member attraction and retention in the coming quarters," continued Wimberley. About Alliance HealthCard: Alliance HealthCard, Inc. (OTCBB:ALHC) is a leading provider of consumer membership plans offering access to networks which provide discounts to the consumer on a variety of products and services ranging from medical, dental and pharmacy to groceries, restaurants, travel, automotive and a host of others. The company also designs and markets in its' consumer package specialty insurance and warranty products on the goods its' marketing clients sell to their customers. The Company's plans are sold to consumers primarily through retail, rent to own, financial and consumer finance clients. Alliance HealthCard performs turnkey programs including design and 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. of marketing pieces and collateral support material, network support, customer service, regulatory compliance, and billing. 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. Statement under 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 : This press release contains "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. " within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended and pursuant to the Private Securities Litigation Reform Act of 1995. Such forward-looking statements may relate to financial results and plans for future business activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competitive pressures, loss of significant customers, the mix of revenue, changes in pricing policies, delays in revenue recognition, lower-than-expected demand for the Company's products and services, general economic conditions, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such speak only as of the date made. [TABLE OMITTED] |
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