Great news from RPHL today!
They anticipate making over $ 4 million this year from the Workers comp. division alone!
Small float, less than 300k and fully reporting.
Wednesday July 14, 10:50 am Eastern Time
Company Press Release
SOURCE: Rockport Healthcare Group, Inc.
Rockport Healthcare Exceeds Its Projections in Workers
Compensation Revenue (www.rockporthealthcare.com)
HOUSTON, July 14 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL - news;
fully reporting company) an integrated healthcare managed care service company, announced today that the Workers Compensation Division revenue
projections for calendar year 1999 have been exceeded. The Company expects to generate $4,000,000 in gross revenues from the Workers Compensation
Division alone in 1999.
Rockport Healthcare Group has added several new clients in the past two months. These new clients together with Houston Independent School District paid
in excess of $47,000,000 in medical care bills in 1998. This business represents just under $2,000,000 in fee revenue to Rockport Healthcare Group in 1999.
Rockport Healthcare Group is negotiating with many new clients who spent over $100,000,000 in paid medical bills last year. Rockport expects to have a
particular one of these clients under contract by the end of July. This potential client represents $13,000,000 in paid medical bills and will provide Rockport
the opportunity to care for over 57,000 employees and represents fee revenue to Rockport of just under one half million dollars.
Harry Neer, CEO of RPHL stated: ''We are very pleased with the efforts of our staff in the last few months as the core business has really begun to take off. I
expect many positive developments for the Company in the near future.''
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; and Rockport Group of Texas, Inc., a Healthcare Administrative Services 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
For More Information Please Contact: Larry Hinson
Rockport Healthcare Group, Inc.
Investor Relations
713-621-9424
SOURCE: Rockport Healthcare Group, Inc.
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