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Rockport Sets Strategic Alliance For Georgia Healthcare
Dec 29, 2004 (financialwire.net via COMTEX) -- (FinancialWire) Rockport Healthcare Group Inc. (RPHL) has established a network strategic alliance agreement with Companion Workplace Health that allows Rockport access to Companion's work-related injury network in the state of Georgia.
Rockport, in addition to contracting directly with healthcare providers and building its wholly-owned network in various states across the country, said it is continuing its strategy of contracting with strong state and regional based networks by forming strategic alliances to offer the most comprehensive coverage for its clients and customers. The combined product, called Rockport United Network(sm.), is a national workers' compensation network.
Rockport secured a two-year agreement with Companion to access their network of over 3,000 healthcare providers statewide. Companion's network was exclusively developed to serve the product line of workers' compensation and will provide a strong competitive advantage in the marketplace for Rockport.
Rockport Healthcare Group was enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. Enrollment in standards-based research is an important measure of a company's commitment to transparency and Good Governance.
The company was suspended on August 14 at the same time its rating was downgraded to "Speculative" and its target valuation decreased from $0.62 to $0.24 when the company inexplicably sought to suppress the report's issuance by "retroactively terminating" its coverage in violation of the issuer standards promulgated by the CFA Institute.
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