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Posted by jordanm on :
 
Guess this should be posted here....but no traffic on this forum ????


Intrepid Holdings' Intrepid Healthcare Group and Wal-Mart Stores, Inc. Announce Letter-Of-Intent To Lease Space for In-Store Clinics


2006-06-22 09:04 ET - News Release

HOUSTON -- (Business Wire) -- June 22, 2006
Company Website: http://www.intrepidholdings.com

Intrepid Holdings, Inc. (OTCBB:ITPD) announced today
that its Intrepid Healthcare Group has signed a letter-of-intent with
Wal-Mart Stores, Inc. (NYSE:WMT) to lease space in Wal-Mart stores and
Supercenters in several markets. Intrepid Holdings, Inc. will build
and operate Healthy Access medical clinics in these leased spaces
beginning in the 3rd quarter of this year. At this time, Intrepid
Holdings, Inc. plans to open clinics in Wal-Mart stores and
Supercenters in Texas, as well as the District of Columbia area, over
the next 12-15 months.
Healthy Access clinics will be staffed with certified nurse
practitioners with physician oversight and provide episodic care for
acute non-life threatening medical conditions such as colds and sinus
infections; screening for such conditions as diabetes, high blood
pressure, and high cholesterol; and routine laboratory testing for
certain illnesses, including prostrate cancer, hepatitis, and STD's.
Each clinic will also offer flu shots, vaccinations and routine
physicals. Most of these services will be provided for $45.00 or less.
"Our relationship with Wal-Mart is a significant milestone. We
will be able to provide quality health care to patients, many of whom
will be Wal-Mart shoppers and continue the growth and expansion of
Intrepid Healthcare Group's offerings. Wal-Mart continues to
demonstrate its commitment to providing leadership in health care for
the underserved individual and opportunities for companies that target
urban markets and customers," stated Toney Means, President of
Intrepid Healthcare Group.
"Wal-Mart serves as a community hub for thousands of people who
can benefit from more convenient access points to quality healthcare,"
said Amee Chande, Vice President of Health Care Strategy and
Communications for Wal-Mart. "We are pleased to invite Healthy Access
clinics into our stores to meet the basic and preventive health needs
of local communities and Wal-Mart customers."

About Intrepid Holdings

Intrepid Holdings' is a leading provider of pharmacy, clinic, and
related healthcare services to the urban marketplace. These services
compliment Intrepid's "urban life care" focus and often are targeted
to specific urban market populations. In addition, Intrepid leverages
the key relationship between patients and their health providers.

About Wal-Mart Stores, Inc.

Wal-Mart Stores, Inc. operates Wal-Mart discount stores,
supercenters, Neighborhood Markets and SAM'S CLUB locations in the
United States. The company has operations in Argentina, Brazil,
Canada, China, Costa Rica, El Salvador, Germany, Guatemala, Honduras,
Japan, Mexico, Nicaragua, Puerto Rico, South Korea and the United
Kingdom. The company's securities are listed on the New York Stock
Exchange and NYSE Arca, formerly the Pacific Stock Exchange, under the
symbol WMT. More information about Wal-Mart can be found by visiting
www.walmartfacts.com. Online merchandise sales are available at
www.walmart.com.
This press release contains forward-looking statements, including
the Company's plans to open clinics beginning in the 3rd quarter of
this year, the type, quality and price of services that the clinics
will provide and the various places where the Company plans to open
these clinics, that are based upon management's belief and assumptions
and information currently available to it. Although the Company
believes these assumptions are reasonable, it can give no assurance
that such assumptions will prove to be correct. Forward-looking
statements are subject to certain risks, uncertainties and assumptions
including, among others, changes in the mini-clinic market conditions,
termination of the negotiations with Wal-Mart, availability of
funding, and future plans of the Company.
Contacts:

Intrepid Holdings, Inc., Houston
Theodis "T" Ware, 713-278-1990
theodis.ware*intrepidholdings.com
www.intrepidholdings.com
 
Posted by GVMOORE on :
 
Going to 1.00+ for sure. I'm in. Glta
 
Posted by SherriT on :
 
Where did you find this news release? Was this a stock you had been watching or did you see the news and know it was heading upwards?

Thanks for the tips...
 
Posted by cww38 on :
 
This thing is ready to take off, showing some nice volume today...The article came out of the Houston Business Journal and picked up thereafter
 
Posted by jordanm on :
 
SherriT...It came on my radar. Checked it up and got this news.
 
Posted by coalkickin on :
 
I am baffled that this is not getting more attention. This is the type of news we dream of here in Pennyland.
 


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