National Health Partners Announces Sales and Marketing Arrangement with Chrysler`s Federal Credit Union
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HORSHAM, Penn.--(Business Wire)-- National Health Partners, Inc. (OTCBB: NHPR), a leading provider of unique discount healthcare membership programs, announced that the ABD Federal Credit Union (ABD), which serves as the credit union for current and retired employees of U.S. automaker Chrysler, will be marketing and selling the company`s CARExpress membership programs to ABD`s members. ABD is one of the largest and oldest credit unions in the United States. It serves as the credit union for current and retired employees of Chrysler and offers a range of products and services, including home banking services, credit cards, loans and IRAs. National Health Partners will join ABD`s other strategic business partners, including Merrill Lynch and mortgage centers. Under the sales and marketing arrangement, ABD will be actively promoting the company`s CARExpress health membership programs to its members through its branch locations as well as a variety of media. ABD expects to begin offering the company`s CARExpress programs to ABD members beginning in July 2009. "We are very pleased to be partnering with National Health Partners," stated Carolyn Edwards, Chief Executive Officer of ABD Federal Credit Union. "As a result of the prolonged downturn in the economy and the quickly increasing costs of healthcare, we have been seeking a health membership program like CARExpress that can help our members obtain the healthcare they need at more affordable prices. CARExpress is a wonderful program that provides a wide range of health benefits that our members will be delighted to have. We look forward to working with National Health Partners to provide our members with affordable healthcare solutions." "I am pleased to have the opportunity to work with an exemplary organization like ABD Federal Credit Union," stated David M. Daniels, President and Chief Executive Officer of National Health Partners. "ABD offers its members access to much-needed products, like mortgage loans, low-interest credit cards and now, affordable healthcare, that are becoming increasingly difficult for people to obtain. We believe that our CARExpress programs will serve a tremendous benefit for ABD members seeking to obtain healthcare at more affordable prices. We look forward to providing ABD with our full support as they unveil our programs to their members in the coming weeks." ABD Federal Credit Union ABD Federal Credit Union (ABD) is one of the largest and oldest credit unions in the United States and serves as the credit union for current and retired employees of Chrysler. ABD offers a range of products and services, including home banking services, credit cards, loans and IRAs, through such business partners as Merrill Lynch and mortgage centers. ABD also serves the community through participation in events of such charitable organizations as the March of Dimes, Habitat for Humanity and Toys for Tots. ABD is headquartered in Warren, Michigan. For more information on ABD, please visit its website at www.abdfcu.com. National Health Partners, Inc. National Health Partners, Inc. is a national healthcare savings organization that provides discount healthcare membership programs to uninsured and underinsured people through a national healthcare savings network called "CARExpress." CARExpress is one of the largest networks of hospitals, doctors, dentists, pharmacists and other healthcare providers in the country and is comprised of over 1,000,000 medical professionals that belong to such PPOs as CareMark and Aetna. The company`s primary target customer group is the 47 million Americans who have no health insurance of any kind. The company`s secondary target customer group includes the millions of Americans who lack complete health insurance coverage. The company is headquartered in Horsham, Pennsylvania. For more information on the company, please visit its website at www.nationalhealthpartners.com. Safe Harbor Provision This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the company`s future financial position, business strategy, budgets, projected revenues and costs, and plans and objectives of management for future operations, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company`s expectations include, but are not limited to, its ability to fund future growth and implement its business strategy, its ability to develop and expand the market for its CARExpress membership programs, demand for and acceptance of its CARExpress membership programs, its dependence on a limited number of preferred provider organizations and other provider networks for healthcare providers, as well as those factors set forth in the company`s Annual Report on Form 10-K for the year ended December 31, 2008 and its other filings and submissions with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Except as required by law, the company assumes no obligation to update or revise any of the information contained in this press release. National Health Partners, Inc. Alex Soufflas, 215-682-7114 Chief Financial Officer info@nationalhealthpartners.com Copyright Business Wire 2009
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