well, the saga of the on again off again relationship between PABN/PRWT and NHLT seems to be off again.....
WARMINSTER, Pa., June 9/PRNewswire/ -- National Health & Safety Corporation (OTC Bulletin Board: NHLT - news) announced today that it has renewed merger and/or other financing negotiations with two companies.
The two companies are Pan American BanCorp, a New York provider of medical services and financing, and MedSmart Healthcare Network, Inc., a Texas provider of healthcare financing software, banking services and Internet services.
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and then just a few weeks later we see some startling revelations....
WARMINSTER, Pa., July 2/PRNewswire/ -- National Health & Safety Corporation (OTC Bulletin Board: NHLT - news) announced today that it has filed for reorganization under Chapter 11 of the United States Bankruptcy Code and that it intends to file a Plan of Reorganization for consideration by its creditors and stockholders and for the approval by the Bankruptcy Court within the next two weeks.
biz.yahoo.com
and today we see that we are totally out of the picture....
WARMINSTER, Pa., July 12 /PRNewswire/ -- National Health and Safety Corporation (OTC Bulletin Board: NHLT - news) announced today that it has entered into an Asset Purchase Agreement with MedSmart Healthcare Network, Inc., of Dallas, Texas.
Under the Agreement, MedSmart will purchase the POWERx division of National Health (NHS), resulting in expanded financing and internet exposure for POWERx, and reducing current NHS operating expenses by at least 80%. MedSmart will also bring sophisticated credit processing to the POWERx product, according to company sources, enabling the POWERx product to be more widely distributed at a lower price.
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