Big Bamboo,
I have a few questions regarding NHLT, which I assume you should be able to answer as you and jdcpa are the main posters on the thread over there.
In an older press release....
Monday November 23, 4:39 pm Eastern Time
Company Press Release
SOURCE: National Health and Safety Corporation
Fortune 500 Companies to Market POWERx Network
WARMINSTER, Pa., Nov. 23 /PRNewswire/ -- National Health and Safety Corporation (OTC Bulletin Board: NHLT - news) announced today that two Fortune 500 companies will commence marketing National Health and Safety's POWERx Medical Benefits Network to their respective
customers in 1999.
Dr. Dennis Bowers, CEO of National Health and Safety, said that the two companies represent customer universes of about 8 million small businesses and corporations and about 32 million consumer households. Nationwide marketing campaigns are scheduled to commence during the first quarter of 1999. Bowers said that the names of the two companies would be released upon joint approval by their respective public relations departments.
National Health & Safety's POWERx Medical Benefits Network is the nation's first national medical discount network. With more than 700,000 medical and other providers, it is also one of the nation's
largest, with more than 70% of the nation's physicians, surgeons and hospitals and more than 90% of the nation's pharmacies. Instead of paying premiums of up to $5,000 per year, common for health
insurance, businesses pay about $200/year per employee family and the family receives discounts of up to 50% from all POWERx network providers.
SOURCE: National Health and Safety Corporation
biz.yahoo.com
I've never seen mention of these two Fortune 500 companies since. And we have seen confusion with other companies claims to "exclusive rights to distribute and promote the POWERx", among these are PRWT, EVDS and RDIM. Any idea when the names of these Fortune 500 companies might be released?
According to the charts, the introduction of these Fortune 500 companies has done very little to nothing to the share price...
tscn.com
This PR also was released shortly after the horrible financials where we learn that the company is paying off a rather large settlement for misdealings involving the POWERx, I hope this is does not become another fly in the ointment.
I also find it interesting that a Usow, Herbert L. filed a 144 to sell 10K shares 3 days before this PR was released. |
