China Health Care Corporation (CHCC) Announces Merger With United Premier Medical Group
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DALLAS, TX, Jul 31 (MARKET WIRE) --
United Premier Medical Group today announced a stock-for-stock merger
with China Health Care Corporation (CHCC) (OTCBB: CNHL). The combined
Company will operate under the name China Health Care Corporation, and
will assume and execute United Premier Medical Group's business plan as
its sole business. China Health Care Corporation will retain United
Premier Medical Group's senior management and its current board of
directors. Shares are listed on the Over-the-Counter (OTC) Bulletin Board
and trade under the symbol CNHL.OB.
"The listing of our stock in the public markets represents the completion
of several steps we have taken to financially position the Company for
future growth," said Mr. Jay Macfarland, Chief Executive Officer of the
Company. "Significant support from the financial world and health care
entities and China have given us access to both capital and strategic
introductions that will significantly benefit the Company moving forward,"
Mr. Macfarland continued. "The listing provides the proper venue for
attaining a higher level of corporate visibility, and allows investors to
better assess China Health Care Corporation's value in relation to its
publicly-traded peers."
China Health Care Corporation is a premier provider of OB/GYN health care
services to customers in China. The Company affords customers premier
prenatal care, birthing services and ongoing care to mothers and children.
To date, CHCC has commissioned seven facilities and continues to
incorporate new hospitals and clinics into their model.
"The transaction will enable China Health Care Corporation to pursue the
strategic acquisitions and bring new facilities into the CHCC model. New
talent and expanded sales and marketing activities will also be
incorporated," commented Jay Macfarland, Chief Executive Officer of China
Health Care Corporation.
Market makers trading shares of China Health Care Corporation include:
Domestic Securities, Inc.; Hudson Securities, Inc.; Hill, Thompson, Magid
and Co., Inc.; Murphy and Durieu, L.P.; and Knight Equity Markets, L.P.
About China Health Care Corporation (CHCC)
China Health Care Corporation (CHCC), through its China operating arm
known as United Premier Medical Group (UPMG), has developed a network of
maternal-child facilities in Greater China including Macau. The target
market segments of these services are the rapidly growing Chinese middle
and upper classes. Founded in 2001, with a US headquarters in Dallas,
Texas, CHCC has positioned itself to be a pioneer in providing premium
services by integrating Western medical/management methodologies and
Eastern efficiencies. The Company's goal is to become a leader in the
specialty hospital and family-oriented, primary-care markets. For further
information, please see http://www.china-healthcare.us
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements made by the Company or on its
behalf. This news release contains forward-looking statements, which are
subject to certain risks and uncertainties that can cause actual results
to differ materially from those described. These factors, and others, are
discussed from time to time in our filings with the Securities and
Exchange Commission. Undue reliance should not be placed on these
forward-looking statements, which speak only as of the date they are
made. China Health Care Corporation undertakes no obligation to publicly
update or revise these forward-looking statements to reflect events or
circumstances after the date they are made.
Contact:
Company:
China Health Care Corporation
Henry Jay Macfarland
Email Contact
Chief Executive Officer
15950 North Dallas Parkway
Suite 400
Dallas, TX 75249
Tel: (972) 361-8033
Fax: (972) 361-8005
http://www.china-healthcare.us
Investor Relations:
Richard E. Cooper
Email Contact
Jennifer K. Zimmons, Ph.D.
Email Contact
Strategic Growth International, Inc.
Tel: (212) 838-1444
Fax: (212) 838-1511
www.sgi-ir.com
Copyright 2008, Market Wire, All rights reserved.
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