PHC, Inc. Announces Internet Advisory Board for Its Subsidiary, BehavioralHealthOnLine.com

Business Wire, June 3, 1999

PEABODY, Mass.--(BUSINESS WIRE)--June 3, 1999--

PHC, Inc., dba Pioneer Behavioral Health (NASDAQ:PIHC) announces that its subsidiary, BehavioralHealthOnLine.com, has formed an internet Advisory Board.

Bruce A. Shear, President, stated "The Chairman of the Advisory Board is Dr. Howard Shaffer, Director of the Division on Addictions at Harvard Medical School . Dr. Shaffer, a nationally recognized leader in the behavioral healthcare field, is a pioneer in technology developments that have been made in the behavioral healthcare field. Dr. Shaffer brings to BehavioralHealthOnLine.com a national reputation and affiliation with the country's most renown institutions, scientists, and healthcare providers. Advisory Board members will make up a cross section of individuals that have experience in behavioral health, the internet, and the provision of high quality behavioral health services."

Shaffer stated, "This nationally recognized body of experts will be looked at as the leadership group on behavioral healthcare on line services. Board members also will serve as advisors to BehavioralHealthOnLine's content development and distance learning projects."

Pioneer Behavioral Health's core business provides inpatient and outpatient behavioral healthcare services. Pioneer contracts with national insurance companies in addition to major transportation and gaming companies who have engaged the Company to provide behavioral health services.

This press release may include forward-looking statements about the Company's revenues and earnings and future plans and objectives. Any such statements are subject to risks and uncertainties that could cause the actual results to vary materially. These risks are discussed in the Company's Report on Form 10-KSB for the years ended June 30, 1996, June 30, 1997 and June 30, 1998 filed with the Securities and Exchange Commission on October 4, 1996, October 14, 1997, and October 13, 1998 respectively.

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