MAJOR News for PPOS - HealthStar Corp. Looking for more news this week too!
HealthStar Corp Announces Key Changes to Board of Directors
PR Newswire - July 27, 1999 15:53
SCOTTSDALE, Ariz., July 27 /PRNewswire/ -- HealthStar Corp. (OTC Bulletin Board: PPOS),
announced today that Edward Chism, Brian McWilliams, Dr. Luis Queral and Dr. Michael Flax
will be replacing Gerald Finnell, Gary Nielsen, Jon Donnell and Thomas O'Brien as HealthStar's
new Board of Directors. The move comes after various Internet-related investment firms acquired
shares from HealthStar's previous and current presidents, Paul Caliendo and Stephen Carder.
"We would like to thank our previous board members for their contribution and service to
HealthStar" remarked Stephen Carder, HealthStar's CEO. "The Company is ready to embark in a
new direction and requires a unique set of skills possessed by our new board" he added. Edward
Chism, the new Chairman of the Board, stated "Our carefully selected team comes to HealthStar
with a new vision in healthcare and Internet technologies. We are excited about working with the
Company to bring this vision to reality."
HealthStar Corp. is preparing to unveil a new vertical healthcare portal complementing recent
announcements in the Internet healthcare industry. The industry is fragmented and integration of
important patient, financial and insurance related information has been a monumental effort up to
this point. Doctors, hospitals, patients, insurance companies and other healthcare participants will
be able to access valuable programs and services that represent "best solutions" in their respective
categories. By hosting these applications and integrating them in a user friendly browser-based
environment, all parties in the healthcare process will be able to communicate and transact on a
common platform.
EDWARD M. CHISM
Mr. Chism is an acclaimed expert in business to business commerce. Having held US Diplomatic
status as a Senior Manager, he supervised hundreds of billions of dollars in shipments through
the Panama Canal from 1982 to 1990. He currently manages three investment funds that has
invested multi-million dollars in various successful development phase companies. His
experience in finance and international policy matters between foreign governments and business
conglomerates is a valuable asset to HealthStar.
BRIAN MCWILLIAMS
A Chartered Accountant, Mr. McWilliams was an audit supervisor with Deloitte & Touche. He is
a founding partner and Chief Investment Officer of a financial services firm focused on portfolio
management for high net worth individuals. His expertise in audit engagements, insurance and
investments will be essential in implementing new services that HealthStar will be offering in the
coming months.
DR. LUIS QUERAL
Dr. Queral, Chief of Vascular Surgery for Mercy Medical Center in Baltimore, MD and previous
Assistant Professor of Surgery at Johns Hopkins University, brings a wealth of hands-on clinical
experience to HealthStar's board. A published medical writer and visionary, Dr. Queral provides
crucial insight into practice management, medical research, patient care, medical equipment and
overall doctors' needs. His perspective is essential to building a user friendly Internet platform for
physicians, hospitals and their patients.
DR. MICHAEL FLAX
Diplomate of the American Board of Endodontics and licensed in Dentistry, Dr. Flax brings his
knowledge of Dentistry to HealthStar's Internet program. His experience as a faculty instructor at
the University of Pennsylvania combined with his daily practice in Dentistry will give HealthStar
direction in Dental training and practice management.
HealthStar Corp. is a healthcare management company dedicated to controlling the costs,
improving the quality and enhancing the delivery of healthcare services. The Company provides
related products and services designed to reduce healthcare costs. HealthStar's PPO network
includes 121,000 physician locations and 1,900 acute care hospitals and is offered in 39 states.
HealthStar markets and provides programs and services to over 350 insurance companies,
self-insured businesses for their medical plans, health and welfare funds and third parties who
administer employee medical plans. These programs and services assist the Company's clients in
reducing healthcare costs for group health plans and for workers' compensation coverage and
automobile accident injury claims.
This press release contains statements which may constitute "forward-looking statements" within
the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended
by the Private Securities Litigation Reform Act of 1995. Those statements include statements
regarding the intent, belief or current expectations of HealthStar Corp. and members of its
management as well as the assumptions on which such statements are based. Prospective
investors are cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, and that actual results may differ materially from
those contemplated by such forward-looking statements. Important factors currently known to
management that could cause actual results to differ materially from those in forward- statements
include fluctuation of our operating results, the ability to compete successfully and the ability to
complete before-mentioned transactions. The Company undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated
events or changes to future operating results.
For additional information on HealthStar Corp. and its managed care programs, visit the
company's website at www.healthstarinc.com. Or contact: Stephen J. Carder, (602) 614-4285.
SOURCE HealthStar Corp.
/CONTACT: Stephen J. Carder for HealthStar Corp., 602-614-4285/
/Web site: healthstarinc.com
(PPOS) |
