Integrated Healthcare Signs Letter of Intent.DAVIE, Fla.--(BUSINESS WIRE)--July 30, 1998--Integrated Healthcare Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ITHC) Thursday announced that it has signed a letter of intent to acquire all of the outstanding stock of The Alec Bradley Cigar Co. and Cigar Concepts Inc., both of Davie. Upon completion of the merger Integrated Healthcare will change its name to The Alec Bradley Cigar Co. and will trade under the proposed symbol "ABCC ABCC Advanced Biomedical Computing Center ABCC Atomic Bomb Casualty Commission ABCC Alcoholic Beverages Control Commission (Massachusetts, USA) ABCC American Board of Clinical Chemistry ABCC Association of British Chambers of Commerce " on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . "The current board of directors of Integrated Healthcare has a lot of faith in the management of Alec Bradley. They have been successful in other business ventures and each possesses a passion for what it is they are currently undertaking," stated Joseph L. Pittera, chairman of Integrated Healthcare. Pittera will be staying attached to the new company in the capacity of corporate counsel for an unspecified time. Aside from Pittera, the balance of the board of directors will be vacating from the current board seats to make way for a new slate of directors. "I believe that this merger with Alec Bradley, if approved by shareholders, makes up for the eight months of restructuring that the company has gone through. This board of directors has accomplished everything it set out to do and more," stated Pittera. "I, for one, am grateful to my fellow board members for their commitment to the shareholders of this company and their courage to make swift and succinct changes when called upon to do so. This has truly been a team effort and I am now looking forward to the future that is slightly ahead of us," he added. The following is a brief outline of the current projects that are ongoing at Alec Bradley Cigars: T.G.I. Friday's T.G.I. Friday's (often referred to as just "Fridays") is a popular American restaurant chain focusing on casual dining, with over 500 restaurants across the United States, Canada, Colombia, Mexico, Australia and the UK, as well as many other countries around the world. -- Alec Bradley is at the halfway point of a four-month test program as the sole cigar vendor for T.G.I. Friday's, a national restaurant chain with 340 locations. Initially, Alec Bradley supplied 35 restaurants with seven different types of cigars, displays and point-of-sale materials. Since the first shipment, five additional restaurants have been added to the test program bringing the total to 40. Carlson Restaurants Worldwide -- In addition to T.G.I. Friday's, Carlson has placed the Alec Bradley Cigar program in several of its other restaurant chains The following is a list of restaurant chains. See also: Fast-food restaurant, Casual dining, List of reference tables. International
Bowling Proprietors' Association of America -- Alec Bradley has been named the official cigar vendor of the BPAA BPAA Bowling Proprietors' Association of America BPAA Business/Professional Advertising Association BPAA British Poster Advertising Association BPAA Business Pilots Aircraft Association BPAA Beef Palace Auction Arena which is an organization composed of 3,500 bowling centers nationwide. The bowling centers will be "ramping up" individual cigar programs as the fall leagues begin in September. Publix Supermarkets -- As one of the top ten grocery store chains in America, Publix has recently approved nine Alec Bradley Cigar products for distribution into its retail stores. Publix currently has more than 540 locations throughout the Southeast. In addition to this agreement, Alec Bradley is designing an entire cigar program for 17 Publix stores in South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Walgreens Department Stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. -- Walgreens has recently approved several Alec Bradley products for its more than 2,400 retail outlets located in 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. and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . Crown Liquors -- Crown is a South Florida chain of 17 stores that has recently added the Alec Bradley Gourmet Dessert Cigars to its corporate cigar program. Beverage & More -- This is a nationwide chain of liquor and gourmet-food superstores based out of California that has added the Alec Bradley Gourmet Dessert Cigars to all of its Florida locations. Sea Escape -- The new Sea Escape, which is the longest-running daily cruise line A cruise line is a company that operates cruise ships. Cruise lines have a dual character; they are partly in the transportation business, and partly in the leisure entertainment business, a duality that carries down into the ships themselves, which have both a crew headed by the in Florida, has recently signed a deal with Alec Bradley Cigars to build and maintain an "on board" cigar and cognac room on its newest ship sailing from the Port of Miami. Sea Escape now sails twice daily and 12 times weekly, with an average of more than 6,000 passengers per week. Additional contracts are in process, but as of this date, remain unsigned. Updates will be provided upon contract completion. Management Team The company's management team is composed of three young, energetic, successful business people. Two successfully built small family companies into large, industry-leading corporations, while the third has been an integral member of management in three of South Florida's most recognizable sports and entertainment organizations. Alan Rubin Alan Rubin (born February 11, 1953), also known as "Mr. Perfect" and "Mr. Fabulous", is an American musician. He plays trumpet, flugelhorn, and piccolo trumpet. Rubin was a graduate of the Juilliard School of Music. , President Rubin, 35, was most recently president of All Point Screw Inc., a distributor and direct importer of fasteners and building products. Rubin was with All Point for more than 12 years. During his tenure, company sales increased from $100,000 in 1985 to more than $3 million in 1995. Perhaps his greatest accomplishment was securing the Home Depot The Home Depot (NYSE: HD) is an American retailer of home improvement and construction products and services. Headquartered in Vinings, just outside Atlanta in unincorporated Cobb County, Georgia, Home Depot employs more than 355,000 people and operates 2,164 big-box account, which was extremely reluctant to deal with a small company, but was impressed with the quality of service and added profits it received with Rubin's organization. Rubin sold All Point Screw in 1996. Arnold Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , Vice President Much like his partner, Cohen, 39, took over a fledgling family business and nurtured it into a major player in its industry in Florida. In 1980, when Cohen joined One Source Supply -- a distributor of maintenance products to the property management industry -- the company had four employees and sales were less than $500,000 per year. By the time a major national competitor approached the Cohen family to buy the company in 1995, One Source Supply had 70 employees and its sales were nearly $12 million. Cohen was company 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. from 1990 until it was sold. His most valuable asset is his marketing skills. He produced One Source Supply's 400-page catalog every year. The company was sold in 1995. Kip Hunter-Epstein, Vice President of Marketing From the inception of the Miami Heat in 1989, Hunter-Epstein was a vice president responsible for a wide range of projects in the development of the NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= franchise. Among her duties was generation of corporate sponsorships, including sales to BellSouth Mobility, Sports Authority and the Florida Lottery. Prior to her position with the Heat, Hunter-Epstein was president and CEO of Bass Tickets, the first computerized ticket company in Florida. From 1995 to 1997, she served as director of Special Projects at Miami Motorsports in Homestead.
CONTACT: Information Management Services Inc.
Joseph Pittera, 888/497-0606 or 619/497-0880
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