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Envision Capital Announces Funding for Pending Merger; Dollars Committed for Merger Between Prime Player, Inc., and CBCA.


LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States.  -- Las Vegas-based private investment firm Envision Capital has announced a credit facility for the pending merger between Prime Player, Inc., Las Vegas, and Fort Worth, TX-based CBCA CBCA Centro Brasileiro da Construção em Aço
CBCA Canadian Business Corporations Act
CBCA Calgary Birth Control Association
CBCA Charlotte Builders and Contractors Association
CBCA Chilled Beam and Ceiling Association
 Administrators, Inc.

On June June: see month.  2, 2006, CBCA entered into a Letter of Intent to merge with Las Vegas-based Prime Player, Inc., (Pink Sheets:PPYR).

Envision Capital officials say the firm is providing a credit facility of $6 million for CBCA in contemplation Contemplation
Compleat Angler, The

Izaak Walton’s classic treatise on the Contemplative Man’s Recreation. [Br. Lit.: The Compleat Angler]

Thinker, The

sculpture by Rodin, depicting contemplative man.
 of the merger with Prime Player, Inc. Envision Capital is a Las Vegas-based private investment banking company that by succession, has more than 40 years of experience maintaining both a domestic and global clientele.

Envision Capital officials say that as the merger moves toward the closing stages, there is great opportunity in CBCA's business model and look forward to helping them fulfill ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 that potential.

CBCA is a "real time information" health care service provider for self-insured self-insured Self fund Health insurance adjective Referring to the practice of carrying an individual health insurance policy for oneself; self insurance is usually more expensive than group insurance  employers that sponsor health care benefits for their employees. CBCA is a Benefit Management Company that provides Third Party Administration (TPA (Transient Program Area) See transient area.

TPA - Transient Program Area
), Policy Administration and Pharmacy Benefit Management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. .

"To address the future needs of health care, we are transforming from a transaction administrator to a benefits-supply chain manager," says CBCA President Don Trudeau. "The challenge today for TPA's is for real time information to help employers in managing the health of their employees -- along with the development of effective care management programs that goes beyond the scope or capacity of many traditional and independent TPA's. We are positioning CBCA at the forefront of these industry trends to deliver value to clients and their employees."

CBCA has more than 100 municipal and corporate accounts that represent 130,000 employees. CBCA has current annual revenue of $36 million and projected revenue of $42 million over the next 12 months. CBCA was ranked as one of the 10 largest privately held independent benefit management administrators.

The benefit management industry generates $12 billion in annual revenues. These organizations serve more than 90 million employees and tens of thousands of self-insured employers.

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.
 

Certain statements contained in this press release are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward-looking statements. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Statements containing terms like "believes," "does not believe," "plans," "expects," "intends," "estimates," "anticipates" and other phrases of similar meaning are considered to imply uncertainty and are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 20, 2006
Words:476
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