BehavioralHealthOnline.com Announces Agreement With Conundrum Communications to Offer Online Continuing Education.Business Editors PEABODY, Mass.--(BUSINESS WIRE)--Aug. 15, 2000 BehavioralHealthOnline.com, the Internet subsidiary of Pioneer Behavioral Health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PIHC), announced today that it has signed an agreement with Conundrum conundrum A problem with no satisfactory solution; a dilemma Communications, Inc., one of the country's leading providers of online continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). for behavioral-healthcare professionals. "The agreement will enable clinical professionals who visit BehavioralHealthOnline.com's web site to participate in high quality continuing-education programs. "Continuing education is a requirement for maintaining and renewing professional licenses and accreditations," noted Bruce A. Shear, 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. and chairman of Pioneer Behavioral Health. Shear added, "This new initiative will generate immediate revenue to Behavioral Health Online and is consistent with our previously announced plans to provide online educational programs to the more than one million behavioral-healthcare professionals." Conundrum Communications, based in St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. , has been an established provider of online continuing education for the behavioral health market since 1997. BehavioralHealthOnline.com has chosen Conundrum as its strategic partner because of Conundrum's proven track record in delivering high quality and affordable educational products. Pioneer Behavioral Health's core business provides inpatient inpatient /in·pa·tient/ (in´pa-shent) a patient who comes to a hospital or other health care facility for diagnosis or treatment that requires an overnight stay. in·pa·tient n. and outpatient behavioral healthcare services. The company contracts with national insurance companies, major transportation and gaming companies to provide behavioral health services. Pioneer also owns and operates BehavioralHealthOnline.com, a leading Internet-based provider of behavioral health services to consumers and professionals. For more information, please visit the company's web site at www.goBHO.com or www.BehavioralHealthOnline.com. This press release may include 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. about the Company's revenues and earnings and future plans and objectives. Any such statements are subject to risks and uncertainties that could cause the actual results to vary materially. These risks are discussed in the Company's Report on Form 10-KSB for the years ended June 30, 1997, June 30, 1998, and June 30, 1999, filed with the Securities and Exchange Commission on Oct. 14, 1997 as amended on Oct. 29, 1997; Oct. 13, 1998 as amended on Dec. 7, 1999; and Oct. 13, 1999 as amended on Nov. 29, 1999, respectively. |
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