To: Jim Bishop who wrote (11473 ) 10/10/1999 12:04:00 AM From: Patrick Lauder Respond to of 150070
To all: NHLT has gained about 1 cent a day for the last six days (from 6 cents to 12 cents). They announced 6 days ago the company finalized the sale of their PowerX Health Network and will keep a royalty. The purchasing company will put the PowerX network on the internet and allow people to buy the card for $25. The card will give the person from %20 to %50 discount at 700,000 health providers and NHLT will receive a part of the transaction every time the card is used. Medsmart has the cash and internet technology to market this big time and apparently they plan to. There have been 3 companies that have tried to buy the NHLT PowerX health network (NHLT just didn't have the expertize to market it). NHLT will sit back and collect a nice royalty with no cost output. NHLT also owns the North American marketing rights to a new inexpensive cancer detection scanner. The Longport Scanner (LPTI) recently received FDA approval and is trading around $3.00. They expect big things from the scanner. The last time a company was about to make a deal with NHLT the stock went up to .60 cents in anticipation. People in the know expect $1.00 short term this time. The deal should be completed by end November. This one has a lot going for it. Internet, High Tech Medical,... With the rest of the deal finalizing around the end of Nevember (the PowerX Network has already been finalized and purchased) this looks like a good candidate for the GOLDEN LIST. PRESS RELEASE 10/04/99 Monday October 4, 5:06 pm Eastern Time Company Press Release SOURCE: National Health & Safety Corporation National Health Sells POWERx Division; MedSmart to Bring Financing and E-Commerce Applications WARMINSTER, Pa., Oct. 4 /PRNewswire/ -- National Health and Safety Corporation (OTC Bulletin Board: NHLT - news) and MedSmart Healthcare Network, Inc., a private Dallas, Texas corporation, announced today MedSmart's acquisition of National's POWERx Medical Benefits Network division. The closing was announced jointly by Jimmy E. Nix, President of MedSmart, and Dr. Dennis Bowers, President of National. Under the terms of the sale, NHS will receive an undisclosed amount of cash plus perpetual royalties on the sale of all POWERx and related products by MedSmart. MedSmart will assume all marketing and operations costs for the POWERx division, reducing the operating cost of NHS by more than 75%. MedSmart will also provide substantial expansion capital to develop new markets for POWERx products, and will develop a national state-of-the-art Internet and e-commerce capability to promote POWERx products and services both domestically and internationally. NHS' POWERx division currently owns and operates one of the nation's largest medical provider networks. Its 700,000+ providers include more than 70% of the nation's hospitals, doctors and surgeons, about 90% of the nation's pharmacies, and national networks of dentists, home nursing specialists, vision care providers, hearing care, mental health professionals, chiropractors, radiologists, clinical laboratories, medical equipment providers, and other health care provider types. ''With MedSmart's financing and new technology, we expect that the POWERx network will finally be able to reach its potential,'' said Dr. Dennis Bowers, National's President. ''Both National and MedSmart should do very well as a result,'' he said. The sale of POWERx to MedSmart has been approved by the Board of Directors of both National and MedSmart, and also by the Federal Bankruptcy Court, Eastern District of Pennsylvania. National filed for Chapter 11 reorganization on July 1, 1999. The POWERx asset sale is part of an overall reorganization of NHS planned for later in the Fall.