Continental Home Healthcare Signs Preferred Provider Contract.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--May 12, 2000 (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CHT.) (CDNX CDNX See Canadian Venture Exchange (CDNX). :CHT.) Continental Home Healthcare Ltd.'s U.S. operating company, Continental Hospital Supply, announced today that it has signed a preferred provider contract with the Hotel Employees and Restaurant Employees International Union Welfare Fund based in Las Vegas, Nevada. Continental is one of two providers chosen by the Fund over numerous regional and national home healthcare providers to supply healthcare equipment and services exclusively to the Fund's 130,000 members. This contract is valued in excess of US$1 million annually. Continental's previously attained preferred provider contracts have resulted in significant revenue growth for the Company and this recent agreement is expected to produce similar results by substantially expanding revenue and earnings within Continental's Las Vegas branch. Robert Thornton, 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. , stated that being selected for this contract provides further confirmation of Continental's growing reputation for delivering a high level of service as well as an extensive and available product line. Continental Home Healthcare Ltd. acquires, consolidates, and manages healthcare equipment retailers that provide equipment such as hospital beds, custom power and manual wheelchairs, scooters, bathroom safety products, ambulatory aids, and aids for daily living sold to individuals and healthcare institutions. Branches are located in Glendale and Indian Wells, California Indian Wells is a city in Riverside County, California, in the Coachella Valley (Palm Springs area), in between Palm Desert and La Quinta. As of the 2000 census, the city population was 3,816. It has the highest proportion of millionaires of any city in the United States. ; Las Vegas, Nevada; Penticton and Vancouver, British Columbia. The Company's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CHT". The shares also trade on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . Current Company updates can be found at the web site: www.continentalhomehealth.com |
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