Birman Managed Care, Inc.'s Subsidiary Secures Additional Health Plan Contract on Mississippi Gulf Coast - Projected Annual Revenues in Excess of $800,000.COOKEVILLE, TENNESSEE--(BUSINESS WIRE)--Sept. 3, 1997--BIRMAN MANAGED CARE, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ/NNM: BMAN BMAN - Broadband Metropolitan Area Network ) announced today that the Company's subsidiary, Care3, Inc., has been selected by the Copa Casino in Gulfport, MS to be their health plan provider. The Gulf Coast's only ocean liner, the Copa Casino has completed enrollment of all 584 members. The plan went into effect on September 1, 1997 with projected annual revenue expected to be in excess of $800,000. Mr. Vincent W. Wong, 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. of Care3, Inc., said, "We are very pleased in announcing this contract. Along with the recently announced contract with the Imperial Palace, Copa Casino gives us yet another vehicle to grow our Company and it enhances our presence for future expansion within Mississippi." BIRMAN MANAGED CARE, INC. is a health care consulting and management company dedicated to improving the quality of health care while reducing costs and enhancing the efficiency of delivery services by focusing on the physician as the most important factor in health care delivery. Currently, the Company is providing its proprietary "Quality Management Program" in 30 hospitals in 14 states. In addition, the Company is developing and plans to operate managed health care programs in association with hospitals, physicians and other health care providers and is licensed to operate an HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, in six southern counties of Mississippi. -0- This 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. that involve risks and uncertainties. In addition to historical information, investors should carefully consider the risks associated with an investment in the Company's securities as previously outlined by the Company in its prior filings with the Securities and Exchange Commission. CONTACT: DOUGLAS LESSARD, CFO See Chief Financial Officer. (615) 432-6532 LINDA DECKER, IR (908) 788-9660 |
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