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TRAC Industries has built a resort in Anguilla for people who love to travel but need expert and continuing medical care: Hotel de Health. TRAC stock is traded on CDN, and is an incredible bargain. If you are up to the speculation, come on in. You will be in the company of brokers, mutual funds, government health ministers, and others who see potential in dialysis and demographics. ----- Web site: www.hoteldehealth.com ------ HOTEL DE HEALTH CARIBBEAN INC. ANNOUNCES RESORT, RENAL DIALYSIS UNIT AND NEW HOSPITAL THE VALLEY, Anguilla, May 30 /CNW/ - The Hon. Hubert B. Hughes, Chief Minister of Anguilla and Mr. Robert J. Talbot, President, TRAC INDUSTRIES INC. today announced the launch of Hotel de Health Caribbean Inc., in a Memorandum of Understanding signed with the Government of Anguilla, to operate a resort and world class medical services on this beautiful island in the Caribbean. Anguilla is the most northerly of the Leeward Islands in the West Indies, and is a British dependency with full internal self-government. Hotel de Health Caribbean Inc. introduces a totally new concept to the Caribbean. This concept combines a first-class resort with a world-class team of physicians and medical facilities located at the resort. Hotel de Health Caribbean Inc. will allow individuals who are presently limited in their ability to travel due to existing medical conditions to do so, giving them new freedom to visit the Caribbean. World-class physicians specializing in nephrology, cardiology, pulmonology, diagnostic radiology and specialized elective surgery will treat patients from around the world in a medical facility designed and managed to meet Canadian medical standards followed by convalescence on one of the most beautiful and peaceful islands in the Caribbean. The resort and a renal dialysis unit will open in the fall of this year. Hotel de Health Caribbean Inc. will begin construction of a new hospital in Anguilla this fall with completion scheduled for late 1997. The hospital will be a fully operational medical/surgical unit including a second renal dialysis unit to serve both the clients of the hospital and the local Caribbean population. The first phase of the hospital will have twenty-five beds, operating rooms and all the support services required to operate the hospital to Canadian standards; there are provisions for expansion of the hospital up to one hundred and fifty beds. ``We look forward to developing this new concept which caters to a growing number of people around the world whose ability to travel has been limited until now by their medical condition. Our tourism and health facilities will be of the highest international standards,'' said Mr. Talbot. ``We have found that the government of Anguilla shares our enthusiasm because of the career prospects which will be created for young Anguillans and because of the related spin-offs which will benefit tourism and the overall economy of the island.'' On behalf of the Government of Anguilla, the Honourable Hubert Hughes, Chief Minister said ``We heartily endorse this project and see many benefits to Anguilla in terms of job creation both in the construction of the facilities and in their professional operation. The economic benefits related to tourism and all the services which cater to tourists will help to make Anguilla the centre for healthcare in the Caribbean.'' TRAC Industries Inc., through its subsidiary Hotel de Health Inc., has also agreed to open and operate offices in Edmonton, Alberta and in Toronto, Ontario to promote tourism to the island of Anguilla. TRAC INDUSTRIES INC., through its subsidiary Hotel de Health, contracts with physicians and other health care professionals to provide uninsured, specialized health services to Canadian and international clients. Patients are seen on a fee-for-service basis paid for either by private medical insurers or themselves. The physicians are expected to maintain full practices within the public health care system of their jurisdiction while participating in this service. TRAC INDUSTRIES INC. trades on the Canadian Dealer Network (Toronto) under the symbol ``TRAC''. Regulatory authorities have neither approved nor disapproved the information within this media release. For further information: Business matters: Robert Talbot in Edmonton, (403) 430-6082; Investor relations: Peter Karlechuk, F.G.K. Capital International Inc., Toronto (416) 360-6660 or 1-800-672-4447, FAX: (416) 360-8284 ------ Web page www.hoteldehealth.com Nov 14 96 | ||||||||||||
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