National Health Partners Announces Investment Through Bank Julius Baer

Business Wire,  July 16, 2008  

• E-mail
• Print
• Link

HORSHAM, Pa. -- National Health Partners, Inc. (OTCBB:NHPR), a leading provider of unique discount healthcare membership programs, announced today that it has received $750,000 through Bank Julius Baer & Co., Ltd, a private Swiss bank that is one of the two key companies forming the Julius Baer Group. The investment was made at a purchase price of $0.25 per share, representing a more than 13% premium to the $0.22 closing price of the company's stock on July 14, 2008, the date the investment in the company was consummated.

The Julius Baer Group (Julius Baer) is the leading dedicated wealth manager in Switzerland. It concentrates exclusively on private banking and asset management for private and institutional clients. With more than 4,000 employees worldwide, Julius Baer managed assets in excess of $400 billion at the end of 2007. Julius Baer's global presence comprises more than 30 locations in Europe, North America, Latin America and Asia, including Zurich, Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, New York, Singapore and Tokyo. Bank Julius Baer and GAM, a leading global active asset manager, are the key companies of The Julius Baer Group. The investment through Julius Baer follows closely on the heels of the company's recent announcement that it has been selected by a 5,000-member union as the health benefit program provider for all of the union's members in a deal that is expected to generate annual revenue of between $7.2 million and $9.6 million for the company.

"It is the greatest of compliments for us to have received this investment through Julius Baer," stated David M. Daniels, the President and Chief Executive Officer of National Health Partners. "Julius Baer is the largest and most prestigious bank and wealth manager in Switzerland. The decision to invest in us at a large premium to market is a tremendous endorsement of our company and shows just how undervalued our stock currently is in light of the deals we announced recently and the substantial nature of the opportunities that we are currently pursuing. This investment through Julius Baer will strengthen our balance sheet, enhance our financial flexibility, enable us to pursue more sales and marketing opportunities with large affinity groups and, ultimately, accelerate growth in our revenue and cash flows."

About Julius Baer

The Julius Baer Group (Julius Baer) is the leading dedicated wealth manager in Switzerland. Julius Baer, which has roots dating to the nineteenth century, concentrates exclusively on private banking and asset management for private and institutional clients. With more than 4,000 employees worldwide, the Julius Baer managed assets in excess of $400 billion at the end of 2007. Julius Baer's global presence comprises more than 30 locations in Europe, North America, Latin America and Asia, including Zurich (head office), Buenos Aires, Dubai, Frankfurt, Geneva, Hong Kong, London, Lugano, New York, Singapore and Tokyo. Bank Julius Baer and GAM, a leading global active asset manager, are the key companies of the Group. The shares of Julius Baer Holding Ltd. are listed on the SWX Swiss Exchange and form part of the Swiss Market Index SMI which comprises the 20 largest and most liquid stocks. Julius Baer is headquartered in Zurich, Switzerland. For more information on Julius Baer, please visit its website at www.juliusbaer.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 61 million 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 most recently filed Annual Report on Form 10-KSB 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.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning