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CARENETWORK ANNOUNCES ELECTION OF DIRECTORS AND APPROVAL OF EXECUTIVE STOCK OPTION PLAN

 CARENETWORK ANNOUNCES ELECTION OF DIRECTORS AND APPROVAL OF
 EXECUTIVE STOCK OPTION PLAN
 MILWAUKEE, Wis., May 22 /PRNewswire/ -- CareNetwork, Inc. (NASDAQ: CRNT) announced at its first annual meeting the election of three directors and the approval of a 625,000 Executive Stock Option Plan. Donald W. Fundingsland, Dr. Edwin Montgomery and John W. Patterson were re-elected to the board of directors for three year terms. Each member has served on the board since 1991, 1989, and 1989, respectively.
 CareNetwork, Inc., is a Milwaukee-based managed care services holding company of Wisconsin Health Organization Insurance Corporation; Network EPO, Inc.; Geneva Benefits Administration, Corporation; and CNI Medical Management Corporation.
 -0- 5/22/92
 /CONTACT: Walter R. Barry III of CareNetwork, 414-223-0172/
 (CRNT) CO: CareNetwork, Inc. ST: Wisconsin IN: HEA INS SU: PER


DS -- MN005 -- 3222 05/22/92 10:23 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:May 22, 1992
Words:137
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