RPHL news out this morning. Marketing their Medical Card over the internet. This card is setting a trend in the Insurance Industry.
RPHL, great news today!
Tuesday September 7, 9:49 am Eastern Time
Company Press Release
SOURCE: Rockport Healthcare Group, Inc.
Rockport Healthcare Group, Inc. to Market Their Medical Savings Card Via The
Internet
www.microcap1000.com/stocks/ircenter.html
HOUSTON, Sept. 7 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL - news; a fully reporting company) an integrated healthcare service
company, announced
today the joint venture relationship with Net//works! Inc. to mass market RPHL's medical savings card over the internet on RPHL's new WWW site
www.medicalsavingscard.com.
Rockport CEO, Harry Neer stated, ``we are excited to utilize the massive marketing capabilities of the internet to market our medical savings card. We expect to have banner
agreements with
several of the very large groups RPHL works with. Sales will include distributorships, association sales and direct sales. The potential in this area for Rockport is very exciting.'
Net//works! Inc., based in Albuquerque, New Mexico, is an internet e-commerce, web site hosting company specializing in e-commerce solutions. Net//works! Inc. is home to
over 2500 web
sites from dozens of countries. The Rockport site is scheduled to go up by early October to take advantage of the upcoming Holiday season. A Holiday season discount/gift card
product will be
offered.
Rockport's medical savings card can provide up to 30% reduction on services such as prescriptions, vision, dental and hearing for an average annual fee of $120. Physician
discounts are
included for an additional $60 per year. There are over 500,000 participating physicians in the Passport Medical Savings Card network nation wide.
Rockport's medical savings card will be marketed to the growing home based businesses and the explosive internet based small business entities. The biggest marketing push for
RPHL's
medical savings card will be the 110 million Americans with either no insurance and/or underinsured that could greatly benefit from the use of Rockport's medical savings card.
RPHL management projects year end 1999 medical card sales of $5.4 million with EBIT of $1,965,000.
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.microcap1000.com/stocks/ircenter.html
FOR MORE INFORMATION PLEASE CONTACT: Larry Hinson
Rockport Healthcare Group, Inc.
Investor Relations
713-621-9424
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