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National Health Partners, Inc. (National Health) (OTCBB:NHPR.ob), a leading provider of unique discount healthcare membership programs, is pleased to announce recently that the Company has achieved positive earnings for the quarter ended September 30, 2010 compared to a loss of $522,542 for the same period last year. Revenues for the 3rd quarter grew 12.3% over the same period last year. The Company attributes the net earnings to the significant cost-cutting initiatives taken over the past couple of quarters and which is continuing in the 4th quarter.
“I am thrilled to announce that we have finally achieved profitability,” stated David M. Daniels, President and Chief Executive Officer of National Health Partners. “Due to the fact that our limited medical provider unexpectedly decided to exit the marketplace, we were unable to add any new CARExpress Plus limited medical sales during the 3rd quarter. Yet, despite this temporary setback, we were still able to substantially increase our revenue and reach profitability which is a testament to the underlying strength we have with our core CARExpress health discount programs. Although we achieved positive results in revenues and earnings, we anticipate much better results going forward into 2011.”
Mr. Daniels further states “We are seeing continuous growth during the current 4th quarter which should provide strong momentum for the 1st quarter of 2011. Our future has never looked brighter and I am quite confident that we will be able to see accelerating growth in both revenues and earnings. With our continued focus on keeping our operating costs down while at the same time building our revenues at an accelerating rate, we are in a very good position to see very strong earnings growth going forward. I will be providing more information on new business ventures in the very near term that will change the entire complexion of the company and I look forward to continuing to build on the success that we have already started achieving in the 3rd quarter.”
National Health Partners, Inc.
National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called “CARExpress.” CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company’s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company’s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania. For more information on the company, please visit its website at www.nationalhealthpartners.com.
Orofino Gold Corp. (PINK:ORFG) has several Gold development properties in Colombia, a current hot spot of gold production in the world markets.
The company is please to announce that the Board Of Directors have appointed Mr. Ning Shi Long as Chairman of the Board and Executive Director.
Mr. Ary Fernando Pernett Marque has been appointed as the new President/CEO & Executive Director of Orofino Gold Corp. (see full resume on the company website at www.orofinogold.com)
Mr. Pernett will be responsible for all affairs of the Company in Colombia. Mr. Pernett has 30 years of experience working in the Colombian Mining sector and will over the near term choose his new development team to assist in the development of the company’s Senderos de Oro gold camp in the Sur de Bolivar Colombia.
The company and Mr. Pernett will continue to work with Contexto Legal of Medellin and Bogota, the company’s legal counsel as well as Discovery Consultants, (The Qualified 43-101 team) Canada, as they have in the past. The new team will now aggressively pursue other known Gold occurrences in the companies Senderos de Oro Gold Camp while the development team works to improve production at La Azul Mine.
The Board of Director’s have accepted resignation of John T. Martin, former Managing Director of the Company. His resignation is effective immediately. The Company wish him well and success in future endeavors.
Elizabeth Arden, Inc. (Nasdaq:RDEN) announced financial results for its second fiscal quarter ended December 31, 2010. For the quarter ended December 31, 2010, the Company reported net sales of $405.6 million, an increase of 3.1%, as compared to the second quarter of the prior fiscal year. Excluding the unfavorable impact of foreign currency translation, net sales increased by 3.5%.Net income per diluted share for the quarter ended December 31, 2010 was $1.19, as compared to net income per diluted share of $0.73 for the prior year period. Excluding expenses associated with the Company's Global Efficiency Re-engineering initiative, net income per diluted share for the three months ended December 31, 2010 was $1.20. For the prior year period, net income per diluted share excluding Global Efficiency Re-engineering and restructuring expenses was $0.80.
Elizabeth Arden, Inc., a prestige beauty products company, sells fragrances, and skin care and cosmetic products to retailers and other outlets in the United States and internationally.
rue21, Inc. (Nasdaq:RUE) continued to build on its successful tarea brand with the re-launch of one of its exclusive fragrances, tarea by rue21(NYSE:TM).
rue21, inc. operates as a specialty apparel retailer in the United States. It offers an assortment of fashion apparel and accessories for girls and guys, including graphic t-shirts, denim, dresses, shirts, hoodies, belts, jewelry, handbags, footwear, intimate apparel, and other accessories.
Synchronoss Technologies, Inc. (Nasdaq:SNCR) announced financial results for the fourth quarter and full year of 2010. For the fourth quarter of 2010, Synchronoss reported generally accepted accounting principles ("GAAP") net revenues of $49.2 million, an increase of 38% compared to the fourth quarter of 2009. Gross profit was $25.7 million in the fourth quarter of 2010. Loss from operations, determined in accordance with GAAP, was $3.2 million, including a $7.4 million earn-out charge related to the FusionOne acquisition. The charge was taken to reflect the increased probability of Synchronoss making earn out payments based on the current and expected performance of FusionOne following the acquisition. GAAP net loss was $4.0 million and GAAP loss per share was ($0.09), compared to GAAP diluted earnings per share of $0.14 in the fourth quarter of 2009.
Synchronoss Technologies, Inc. provides on-demand transaction management platforms that enable communications service providers, cable operators/multi-services operators, original equipment manufacturers, and e-Tailers/retailers with embedded connectivity primarily in North America.
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