RPHL more news of more contracts being signed.
Tuesday August 10, 11:18 am Eastern Time
Company Press Release
SOURCE: Rockport Healthcare Group, Inc.
Rockport Healthcare Group, Inc. Begins Mass Marketing of Its Passport
Medical Savings Card
HOUSTON, Aug. 10 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL - news; a fully reporting company) an integrated healthcare service
company, announced today that its wholly owned subsidiary Rockport Preferred, Inc. will market its Passport Medical Savings Card to Independent Cab Drivers and other
associations.
RPHL subsidiary Rockport Preferred, Inc. announced an agreement with a Taxi Cab Company to sell its Passport Medical Savings card to its 1,000 independent taxi drivers.
The Taxi Cab Company will be offering the Card through a payroll deduction plan. It is anticipated 70% of the cab drivers will purchase the Passport Plus Card at $180.00
per card. This will generate $126,000 in revenue to Rockport Healthcare Group, Inc.
Rockport Preferred, Inc. has secured an agreement with a marketing group in Michigan. This group is marketing to 17,000 residents of a community in Michigan. The
marketing group anticipates a twenty percent (20%) minimum sales penetration within the community therefore generating $510,000 in revenue to RPHL. The marketing
group will insert Rockport's Passport Card Brochure in the local newspaper for distribution.
In addition, Rockport Preferred, Inc. is negotiating with two national employee-leasing companies regarding offering their Passport Medical Savings Card to their employees
to complement the basic benefits being offered. These two companies have over 50,000 employees.
Harry Neer, Rockport CEO added: ``We are very excited to begin the mass marketing of our discounted medical services card to individuals and large organizations. This
card will provide many benefits, typically unavailable to the insured and non-insured.' Neer added: ``We expect to sell over 35,000 cards in the remaining months of 1999,
this will generate significant revenues for Rockport Healthcare Group.'
Rockport Passport Plus Medical Savings Card provides access to over 300,000 physicians with savings up to 35% for physician fees, dental care with a minimum savings of
15% on all services including orthodontics and cosmetic dentistry, vision care provides minimum savings of 30%, chiropractic care savings of 50% and Hearing services,
and devices of up to 45% savings and prescription services with over 40,000 retail pharmacies and guarantees the lowest price on any Rx needs.
The Passport Plus Card is sold for an annual fee of $180.00. The Rockport Passport Card without physicians' services is sold for an annual fee of $120.00.
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.
www.rockporthealthcare.com
www.stockprofiles.com/rphl
FOR MORE INFORMATION PLEASE CONTACT: Larry Hinson
Rockport Healthcare Group, Inc.
Investor Relations
713-621-9424
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