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Comprehensive HealthCare Solutions, Inc. and Alliance HealthCard, Inc. Finalize Joint Venture Agreement.


YONKERS, N.Y. -- Comprehensive HealthCare Solutions, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CMHS CMHS Center for Mental Health Services
CMHS Community Mental Health Services
CMHS Cabell Midland High School (West Virginia)
CMHS Costa Mesa High School
CMHS Cheyenne Mountain High School (Colorado Springs, CO) 
.OB) F/K/A F/K/A Formerly Known As  Nantucket Industries, Inc. announced today that they have completed a Joint Venture Agreement to market Medical Discount Cards with Alliance HealthCard, Inc. (OTCBB:ALHC ALHC American Lindy Hop Championships (swing dancing competition)
ALHC Associate, Life & Health Claims
.OB).

This agreement enables CMHS to significantly enhance its capacity to customize its card products to meet the needs of its major commercial prospects and clients. It enables both companies to expand their capabilities in the retail outlet retail outlet npunto de venta

retail outlet npoint m de vente

retail outlet retail n
 markets. CMHS brings to the joint venture access to large group purchasers headquartered in the Metro New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 market that includes a Fortune 500 corporation, unions, associations, fraternal organizations and political subdivisions. This market has significant need for Medical Discount Cards with benefits that can be custom designed to compliment existing health plans and contract or part-time employees. Additionally, CMHS has existing relationships in the retail market which can support an expansion of the market while ALHC has already existing large clients.

The agreement opens new markets for ALHC through CMHS existing and potential client relationships. ALHC brings to the joint venture over 6 years experience in the Medical Discount Card business, and they maintain an effective infrastructure to design, fulfill and service large clients. Two of their largest clients are CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file.  Pharmacy and State Farm Insurance and with that experience, ALHC is uniquely qualified to handle and service large clients. ALHC has established contracts with high quality provider networks allowing access to discounts for medical discount card membership.

Although both companies will continue to maintain their existing clients, they will be offering both their existing products and expanded customized products under the Joint Venture Agreement. CMHS subsidiary, Comprehensive Network Solutions, Inc. (CNS See Continuous net settlement.

CNS

See continuous net settlement (CNS).
) will continue its market focus on its ChiroCare Health Discount Card and its Predictive Model Workers' Compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work.  Managed Care Model as well as marketing new expanded offerings.

The provider contracts that both companies maintain enable the joint venture to pool its resources to maximize value to new prospects and existing clients. CMHS is headquartered at 45 Ludlow Street, Suite 602, Yonkers, NY 10705. ALHC is headquartered at 3500 Parkway Lane, Suite 720, Norcross, GA 30092.

Forward-Looking Statements

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 provides a "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.
" for forward-looking statements. This press release contains forward-looking statements regarding the intent, belief or current expectations of the Company and members of its senior management team. While the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that would cause actual results to differ materially from those contemplated within this press release include but are not limited to, those associated with general business conditions; client concentration; dependence on network providers; the timely and efficient implementation of customer contracts; developments in health care reform and other regulatory issues and changes in laws and regulations in key states where the Company operates; future capital needs; control by directors and officers; and the loss of key management personnel. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release or to reflect the occurrence of unanticipated events.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 18, 2005
Words:586
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