Chester Holdings Ltd. Announces Agreement With Union Healthcare Group Limited.SIMPSONVILLE, S.C.--(BUSINESS WIRE)--Sept. 29, 1999-- Chester Holdings Ltd. (Electronic Bulletin Board symbol: CHESE) today announced that it has entered into an agreement with Union Healthcare Group Limited of London, England to begin the implementation of the Pharma On Line program in the UK. Union Healthcare presently owns fifty-seven nursing homes in England, Wales Wales, Welsh Cymru, western peninsula and political division (principality) of Great Britain (1991 pop. 2,798,200), 8,016 sq mi (20,761 sq km), west of England; politically united with England since 1536. The capital is Cardiff. and Ireland and is in the process of acquiring another five homes in Spain. Union also plans to enter the US market in 2000. The agreement calls for Chester and Union to jointly establish a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. network, based on the Pharma On Line system, in the UK. Chester and Union plan to have the system operational for the first quarter of 2000. Union Healthcare Group, currently processing more than $10 Million per year in prescriptions, will be the first client for the new system. Michael O'Shea
Michael O'Shea (born September 21, 1970 in North Bay, Ontario) is a Canadian Football League linebacker. He currently plays for the Toronto Argonauts. , President of Chester Holdings Ltd., stated, "I look forward to working with Union Healthcare Group on this project. This will be the first system of its kind in the UK and Union Healthcare, a leader in the nursing home sector in the UK, is the ideal partner to help set up this program. This system will also provide a much needed revenue stream for Chester and will serve as a reference site for future development of Pharma On Line." "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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Act of 1995; to the extent that this press release makes statements about the future, such statements are forward looking and subject to a number of risks and uncertainties, including, but not limited to, the inability to meet all of the required reporting requirements. These risks could effect the ability of the Company to complete acquisition and successfully reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. and resume operations as stated in any forward looking statements by, or on behalf of the Company. There is no assurance that the Company will be able to achieve any of its intended objectives. For information please phone or fax requests to 1-864-962-8638 |
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