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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: DENNIS TULLY who wrote (12860)7/27/1999 3:53:00 PM
From: Retaylor  Respond to of 52051
 
Good news from RPHL today!

Tuesday July 27, 3:13 pm Eastern Time
Company Press Release
SOURCE: Rockport Healthcare Group, Inc.
Rockport Healthcare Group Secures Absolute Data's CompCareRx(R) to Provide Workers' Compensation Pharmacy Benefits
HOUSTON, July 27 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL - news; a fully reporting company), an integrated healthcare services company, today announced an agreement has been signed with Absolute Data Processing, Inc.'s CompCareRx® pharmacy benefits program for work related injuries. The program provides access to over 35,000 pharmacies nationwide. Employees enrolled in the program can get medication without paying out of pocket. CompCareRx® provides a ''first fill'' (the first prescription after an injury) feature that does not require the pharmacist to call for authorization. The time savings to both the pharmacy and employers/insurers' adjudication staff is considerable. The program also provides savings below state fee schedule and a mail order program when long- term treatment is required.

Absolute Data Processing, Inc. specializes in pharmacy claims processing and benefits management. CompCareRx® is the central product for Absolute Data, designed to fill a gap in workers' compensation pharmacy benefits for small to medium size companies. There are currently approximately 35,700 lives covered by the program, which was launched in January of 1999. Absolute Data expects to have over 125,000 enrolled in by the end of the year and projections are to more double that figure in 2000.

For Information on Absolute Data Processing, Inc. contact: Mary Weiss - Director, Eastern Region: 1-800-887-8717. www.absolute-data.com.

Rockport Healthcare Group, Inc., a service company, develops and operates provider networks and packaged access/discounts to the medical services industry. Primary product lines include the development of provider networks for specialty markets, specifically Worker's Compensation and catastrophic illness and injury, and distribution of medical access savings cards to target markets, both individual and group sales.

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; and Rockport Group of Texas, Inc., a Healthcare Administrative Services 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.

SOURCE: Rockport Healthcare Group, Inc.

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More Quotes and News: Rockport Healthcare Group Inc (OTC BB:RPHL - news)
Related News Categories: health care, insurance

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To: DENNIS TULLY who wrote (12860)7/28/1999 9:09:00 AM
From: M.R. Davis  Respond to of 52051
 
Dennis

I think it's a play off of CTIX's excellent 2nd qtr results and some strong pre-earnings expectations of IFLYs 2nd qtr...

CTIX has focused some big money onto the Travel Ecommerce sector...

The other possibility is that insiders are building positions in advance of news....

Will be interesting to watch if CTIX holds it's gains and where IFLY heads today....

Warrants were/are/and will be an excellent play - but watch out for whiplash!

Mark