RPHL, some more great news coming from this company.
Friday August 27, 8:59 am Eastern Time
Company Press Release
SOURCE: Rockport Healthcare Group, Inc.
Rockport Healthcare Group, Inc. Announces a Corporate Financing and
Agreement With Largest Client
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HOUSTON, Aug. 27 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL - news; a fully reporting company) an integrated healthcare service company,
announced today the finalization of a corporate financing and the signing of Rockport's largest account to date.
This week Rockport management finalized a financing of $2,000,000 for the Company. The financing group completed their due diligence and all contractual agreements were signed
this week. The financing will enable Rockport to increase its marketing and sales in both its Workers Compensation and Passport Medical Savings Card products.
Rockport also signed an agreement with a new client that paid over $60,000,000 in medical bills last year. This client now becomes Rockport's largest account and will generate $1.8
million in revenue annually to RPHL. Rockport's Workers Compensation networks now handles $145,760,000 in clients paid medical bills with over 690,428 employees covered by
Rockport's Occupational Networks.
The Rockport Healthcare Group, Inc. family of companies includes Rockport Community Network, Inc., a managed care organization; Rockport Occupational Network, Inc., an
Exclusive Provider Worker's Compensation Network; Rockport Preferred, Inc., Medical Access Savings Card Programs; Newton Healthcare Network, LLC, a Preferred Provider
Organization for individual and group health; and Rockport Group of Texas, Inc., a healthcare administrative company.
This press release contains forward-looking information. The forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the
Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Additional risks and uncertainties are
described in the Company's public filings with the Securities and Exchange Commission.
www.rockporthealthcare.com
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FOR MORE INFORMATION PLEASE CONTACT: Larry Hinson
Rockport Healthcare Group, Inc.
Investor Relations
713-621-9424 |
