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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.
American Video Teleconferencing Corp. (OTCPK:AVOT)
American Video Teleconferencing Corp. (OTCPK:AVOT) recently came into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.
Japan, is the second largest rare earth consuming country following China. In order to develop rare earth metal resources, it is necessary to not only do basic exploration and research of resources but also do economical survey for development. Ministry of economy and industry started “Basic Projects for the Rare Metal Resources Development Promotion” with a 1.24 billion yen budget.
Huntsman Corporation (NYSE:HUN) announced that the company's board of directors has declared a $0.10 per share cash dividend on its common stock. The dividend is payable on March 31, 2011, to stockholders of record as of March 15, 2011. Huntsman Corporation also announced that it will hold its 2011 annual meeting of stockholders on May 5, 2011 at 8:30 a.m. local time, at The Woodlands Waterway Marriott Hotel and Convention Center, 1601 Lake Robbins Drive, The Woodlands, Texas. Holders of record as of the close of business on March 9, 2011 will be entitled to vote at the meeting.
Huntsman Corporation operates as a global manufacturer of differentiated organic chemical products and of inorganic chemical products. Its products comprise a range of chemicals and formulations, which the company markets globally to a diversified group of consumer and industrial customers.
Accretive Health, Inc. (NYSE:AH) announced that the Company will hold a conference call for investors on Wednesday, March 2, 2011, at 7:30 am central time. During the conference call, management will review highlights from the Company’s fourth quarter and full year 2010 results, which will be announced via press release one hour prior to the call, and will discuss the Company’s operations and business outlook. To participate in the Company’s live conference call and webcast, dial 800-510-9836 (617-614-3670 for international calls) using conference code No. 94061427, or visit the Investor Relations section of the Company’s web site: www.accretivehealth.com.
Accretive Health, Inc. provides healthcare revenue cycle management services to hospitals and healthcare providers. The company caters to multi hospital systems, community healthcare systems, academic medical centers, independent ambulatory clinics, and physician practice groups.
American Safety Insurance Holdings Ltd. (NYSE:ASI) Kevin Crombie has joined as Vice President - Sales and New Business Development and will be responsible for the expansion and further development of ASI’s specialty lines of business with a concentration on West Coast specialty markets. Mr. Crombie has 40 years of experience in the insurance industry on both the carrier and brokerage sides. Most recently he ran his own E&S brokerage in Southern California for more than 10 years and subsequently managed a national program for specialty construction business. He began his career with The Hartford and has also managed Howden’s Western Region, Crump National Brokerage’s office in Dallas and has been a faculty member of the NAPSLO School.
American Safety Insurance Holdings, Ltd. provides specialty insurance and reinsurance solutions for small and medium sized businesses primarily in the United States and Bermuda.
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