Neer knows the healthcare business. I did some checking out on him and he his solid.
This is a great Press release take a look.....
Rockport Healthcare Group, Inc. Announces Revenues and Earnings
(www.microcap1000.com/stocks/ircenter.html)
PR Newswire - August 20, 1999 10:29
HOUSTON, Aug. 20 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL) (a fully reporting company) an integrated healthcare service company, announced today that revenues have increased significantly.
Rockport Occupational Network, Inc. a wholly owned subsidiary of RPHL, is the preferred provider organization for workers' compensation. Rockport Occupational Network now has agreements with clients that paid $85,760,000 in medical bills last year covering
396,843 employees. Rockport is in negotiations with six potential clients that paid $118,640,000 in medical bills last year.
RPHL expects to gross $12,700,000 with an EBITDA of $3.2 million in gross sales. This will provide earnings of $0.65 per share. The
second year it is expected that Rockport will have earnings of $1.44 per share with an EBITDA of $7.2 million.
The CEO of Rockport Healthcare Group, Inc., Harry Neer stated: "Our business has really taken off in a very big way. Now groups are
calling us because they know Rockport can save them time and money. We are adding, on average, one large client every two weeks and
our Medical Card sales are increasing as well."
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 www.stockprofiles.com/rphl
FOR MORE INFORMATION PLEASE CONTACT: Larry Hinson
Rockport Healthcare Group, Inc.
Investor Relations
713-621-9424
SOURCE Rockport Healthcare Group, Inc.
/CONTACT: Larry Hinson, Investor Relations of Rockport Healthcare Group,
Inc., 713-621-9424/
/Photo: newscom.com
PR Newswire Photo Desk, 888-776-6555 or 201-369-3467/
/Web site: microcap1000.com
stockprofiles.com
rockporthealthcare.com
(RPHL) |
