Another undiscovered internet play?
RNET (Recovery Network)bottomed out last week Tuesday under $1 and has been increasing ever since to 1 5/8+ ($6 1/2 yearly high).
RecoveryNet Interactive will provide state-of-the-art, digitally-delivered behavioral healthcare services (Recovery Interactive Services) to managed care agencies, HMOs, Employee Assisted Programs (EAPs), corporations and local, state and federal governmental agencies providing healthcare services on a monthly fee basis via an Intranet, as an enhancement to an EAP. The Company will also offer these services to the public via the world wide web.
Bill Moses, Chairman of the Board of Recovery Network, said, ''The strength of our partners provides RecoveryNet Interactive with a competitive advantage in offering a new Internet-based business with compelling economics.''
RecoveryNet Interactive was launched earlier this year and currently features a weekly news service culling over 1,500 sources giving timely news and information pertaining to many behavior issues including substance abuse, depression, eating disorders, domestic violence and many other familial and personal issues. The site also offers monthly chat rooms featuring the world's leading authorities on these problems, many of whom are on Recovery Network's Board of Advisors. The chat rooms are promoted on a leading Internet provider, Yahoo!.
The Recovery Network, Inc. is a digital media company comprised of its cable television network, Internet, and telephony platform to provide social and behavioral health programming, products and services to a national audience. The Company's primary market are those affected by social and behavioral problems that effect 100 million Americans at a cost to the economy in excess of one-half trillion dollars, annually, in increased healthcare cost, crime and lost productivity.
The Recovery Network is located on the Worldwide Web at www.recoverynetwork.com.
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