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Comprehensive Care Corporation Signs Strategic Service Agreement with Eye Care International.


TAMPA, Fla. -- Comprehensive Care Corporation (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CHCR CHCR Center for Health Care Rights ) and Eye Care International, Inc. (OTCBB:EYCI EYCI Eye Care International Inc (stock symbol) ) announced the signing of a strategic service agreement providing, in part, for the purchase by CompCare of 125,000 Eye Care International vision plans and the option of purchasing an additional 875,000 vision plans for future use by CompCare in conjunction with its managed behavioral healthcare business.

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 Mary Jane Johnson Jane Johnson may refer to:
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  • Jane Johnson (writer) (born 1960), English author
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, 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 CompCare, "Industry experts have identified early detection of vision irregularities as significant factors in school and home behaviors. As a result, we believe our clients can add value to the healthcare of their members by taking preventive measures that can impact their behavioral well being. With over 50% of our members being children, CompCare made a concerted effort to identify a single source program that could provide its clients with a method for early detection and management of vision problems, which, if undetected, could lead to low self-esteem and depression. We believe Eye Care International offers a vision program that, in a cost-effective manner, can accommodate our clients' needs. The plan provides one family member with an efficient, no-cost eye screening and a national network of eye care professionals to service the entire family (both children and adults) to quickly treat those at risk. In addition, the plan provides for discounted vision products available for purchase by the entire family. For these reasons, we have purchased 125,000 vision plans from Eye Care International with an option to purchase 875,000 additional plans. To our knowledge, we are the only company of our kind offering this form of early detection within our market segment."

Clark A. Marcus, Eye Care International's Chairman and CEO said, "We are pleased to have entered into this relationship with Comprehensive Care Corporation. CompCare's business is heavily weighted towards children, an age category that eye care services can have a dramatic impact upon. Eye Care International's vision plan will allow CompCare to offer its clients a leading edge product for the early detection of vision disorders."

About Comprehensive Care Corporation

Established in 1969, Comprehensive Care Corporation administers and operates 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 , substance abuse, and employee assistance programs for governmental agencies and managed care companies throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Headquartered in Tampa, Florida, CompCare operates regional service and operations centers in Connecticut, Florida, Michigan, and Texas; serves approximately 1,000,000 covered individuals nationwide; and has a network of approximately 10,000 behavioral health practitioners.

"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  of 1995: Certain information included herein and in other Company reports, SEC filings, statements, and presentations is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning the Company's anticipated operating results, financial resources, increases in revenues, increased profitability, interest expense, growth and expansion, and the ability to obtain new behavioral healthcare contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other Company reports, SEC filings, statements, and presentations. These risks and uncertainties include local, regional, and national economic and political conditions, the effect of governmental regulation, the competitive environment in which the Company operates, and the other risks detailed from time to time in the Company's SEC reports.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 30, 2004
Words:557
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