News out on NHLT,
They are coming to the end of a reorganization. News is very positive, reorg could be completed as early as the beginning of February. Could easily be a 5-10 bagger in next couple of months. NHLT is trading near all time lows at .065 cents and should surpass all time old highs of .59 cents after reorg is complete. They are fully reporting and have the largest medical services/supplies discount network in the US (750,000 participating members). Check out their Medical Discount card which offers up to 60% discounts at:
powerx.net
You can inquire on-line to see which doctors/dentists/pharmicists etc.... honor the discount card in the city you live in.
You can order the discount card and use it right now, all from the internet. Soon the private company that purchased the PowerX Network, (MedSmart) will announce their progress in marketing the card. NHLT will receive a permanent 20% royalty with no cost expenditures.
PR:
Monday January 17, 12:00 pm Eastern Time
Company Press Release
SOURCE: National Health & Safety Corporation
Bowers Resigns as CEO of National Health, Takes Over MedSmart Position; National Appoints New Interim CEO
WARMINSTER, Pa., Jan. 17 /PRNewswire/ -- National Health and Safety Corporation (OTC Bulletin Board: NHLT - news) announced today the resignation of Dr. R. Dennis Bowers, founder of the company, as its Chief Executive Officer. Bowers will continue in his other role as Director of the company.
Bowers, who founded the company and has been its chief executive for more than 10 years, recently accepted a position as Executive Vice President of MedSmart Healthcare Network, a Dallas-based company which recently purchased the POWERx Healthcare Network from National Health. Patricia Bathurst, former Vice President of Marketing for National Health, also will transition to MedSmart as its Vice President of marketing.
Bowers said that the board has appointed James Kennard to serve as the interim CEO until National Health has completed its Chapter 11 Reorganization, now in process, which is expected some time in early spring.
Kennard, former CEO of Transicoil Inc. and a former member of the American Management Association's Presidents Association, is from Greentown, PA. He is a long-time shareholder of National and one of the first investors in National Health before it became a public company in 1992. Kennard is the former treasurer of National Health.
National Health is the founder and developer of the POWERx Medical Benefits Network, which was recently sold to MedSmart. POWERx is a comprehensive national health discount network of more than 750,000 doctors, hospitals, dentists, pharmacies and other healthcare providers nationwide. Contrary to most HMOs and PPO networks, POWERx is much less expensive (about $200/year) and provides savings up to 60% on most medical products and services.
Development and expansion of National Health's other profit centers depends on the outcome of its joint plan of reorganization which is pending in Bankruptcy Court. The next hearing, presently scheduled for January 31, 2000, is to determine the adequacy of the amended disclosure statement which is scheduled to be filed during the coming week.
Safe Harbor Statement
Investors should carefully consider the preceding information as well as other information contained in this press release before making an investment in the Common Stock. Information contained in this press release contains ''forward-looking statements'' which can be identified by the use of forward-looking terminology such as ''believes,'' ''expects,'' ''may,'' ''should,'' or ''anticipates'' or the negative thereof or given that the future results covered by such forward-looking statements will be achieved. The preceding matters constitute cautionary statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Other factors could also cause actual results to vary materially from the future results covered in such forward-looking statements.
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