News for CHESE,LOL:
(COMTEX) B: Chester Holdings Ltd. Announces Agreement With Union Heal
B: Chester Holdings Ltd. Announces Agreement With Union Healthcare Group
Limited
SIMPSONVILLE, S.C., Sep 29, 1999 (BUSINESS WIRE) -- Chester Holdings
Ltd. (Electronic Bulletin Board symbol: CHESE) today announced that it
has entered into an agreement with Union Healthcare Group Limited of
London, England to begin the implementation of the Pharma On Line
program in the UK.
Union Healthcare presently owns fifty-seven nursing homes in England,
Wales and Ireland and is in the process of acquiring another five homes
in Spain. Union also plans to enter the US market in 2000. The
agreement calls for Chester and Union to jointly establish a
centralized pharmacy network, based on the Pharma On Line system, in
the UK. Chester and Union plan to have the system operational for the
first quarter of 2000. Union Healthcare Group, currently processing
more than $10 Million per year in prescriptions, will be the first
client for the new system.
Michael O'Shea, President of Chester Holdings Ltd., stated, "I look
forward to working with Union Healthcare Group on this project. This
will be the first system of its kind in the UK and Union Healthcare, a
leader in the nursing home sector in the UK, is the ideal partner to
help set up this program. This system will also provide a much needed
revenue stream for Chester and will serve as a reference site for
future development of Pharma On Line."
"Safe Harbor" Statement under the Private Securities Litigation Act of
1995; to the extent that this press release makes statements about the
future, such statements are forward looking and subject to a number of
risks and uncertainties, including, but not limited to, the inability
to meet all of the required reporting requirements. These risks could
effect the ability of the Company to complete acquisition and
successfully reorganize and resume operations as stated in any forward
looking statements by, or on behalf of the Company. There is no
assurance that the Company will be able to achieve any of its intended
objectives.
For information please phone or fax requests to 1-864-962-8638
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: Chester Holdings Ltd., Simpsonville
Michael F. O'Shea, 864/962-0976
WEB PAGE: businesswire.com
GEOGRAPHY: SOUTH CAROLINA INTERNATIONAL EUROPE
INDUSTRY CODE: PHARMACEUTICAL
MEDICINE
INTERACTIVE/MULTIMEDIA/INTERNET
COMED
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