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Author Topic: CADV running on Contract News Wednesday
coolnwo
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Rumor of contract news with Blue Cross Blue Shield on Wednesday. Heard this will be bigest news company has had. The L2's are very thin so please keep a good eye on this for a big move today and tomorrow. Its already running some.

Posted some DD that I found and researched myself.
CareAdvantage
OTC: CADV
Address: 485C Rt 1 South,
Iselin, NJ 08830
Phone: (732) 362.5005
Web site: www.careadvantage.com
Email: contact@careadvantage.com

O/S:
-46,399,332 Number of shares of Common Stock outstanding as of October 20, 2004

-Insiders hold a total of 43,561,964 shares.

-**Float= 2,837,368**

From the 10Q:

Cash and cash equivalents = $2,400,000
or .055/shr. *Does not take into account the 500,000 won in the lawsuit*

Business information: CareAdvantage, Inc. and its direct and indirect
subsidiaries, CareAdvantage Health Systems, Inc. and Contemporary
HealthCare Management, Inc., are in the business of providing
management and health care cost containment services designed to
enable health care insurers and other health service organizations to
reduce the costs of medical services provided to their subscribers.
The Company's management services have been provided to integrated
health care delivery systems. It's health care cost containment
services have been principally provided to several of the statewide
Blue Cross/Blue Shield health service organizations in the
Northeastern United States.

Recent News:

Under the Agreement, the Company has granted a license to Kaiser to
use the Company's web-based RPNavigator Secure Information Portal (the
"Portal"), and Kaiser has engaged the Company to perform certain
consulting services for Kaiser.
The initial term of the Agreement begins on January 1, 2005 and
expires on December 31, 2006. The Agreement automatically renews for
successive one-year terms unless either party provides the other with
written notice of termination.
Until January 1, 2005, the parties are operating under a service
agreement dated as of February 9, 2004. On January 1, 2005, the
Agreement replaces this prior agreement in its entirety

On September 29, 2004, CareAdvantage, Inc. (the "Company") entered
into a Settlement Agreement with Horizon Blue Cross Blue Shield of New
Jersey ("Horizon BCBSNJ") resolving all outstanding litigation between
the parties.

Under the terms of the Settlement Agreement, Horizon BCBSNJ agreed to
(i) pay the Company $500,000 within five days of the execution of the
Settlement Agreement, and (ii) to assign and transfer to the Company
all right, title and interest in and to all 53,394,820 shares of
common stock, par value $.001 per share, of the Company held by
Horizon BCBSNJ within five days of the execution of the Settlement
Agreement. Horizon BCBSNJ also agreed to procure the resignations of
Patrick J. Geraghty and Christine L. Nelson, the two Horizon
BCBSNJ-nominated members of the Company's Board of Directors.

About the CEO:

Dennis J. Mouras

President & Chief Executive Officer

Mr. Mouras has had extensive experience in the health plan and managed
care industry. Immedi- ately prior to his appointment at
CareAdvantage, Mr. Mouras held the position of President of Intra-
corp, a well-established but faltering care management organization.
While there he successfully transitioned this struggling organization
into a $350 Million dollar powerhouse and market leader! Through an
aggressive turnaround, revitalization and strategic market
repositioning. Prior to intracorp, Mr. Mouras spent twenty years at
Cigna Healthcare where he created provider strategic alliances that
aptly served all his product lines, developed a Medicare risk program
in the Colorado market-place, and led his health plan through two
consecutive success- full three year accreditation by NCQA

Posts: 494 | From: Martinez | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
coolnwo
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Its going!
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coolnwo
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You allstock people are fast up like 75% since I posted. This could easily hit .20 going into Wednesday.
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rpm
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yep, in at .04....lookin good...shcecko out ITGJ too

--------------------
RPM - here for da daytradin

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coolnwo
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Anyone else playing this
?

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rromeo39
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I'm in. Trying to see where this is going. There's another post for CADV also. I know the other post say .2 .. I'm looking for some 05 06 persoanlly.
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rromeo39
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there looks to be solid 03 support. 029 x 03 right now.

I see myself holding this out the rest of today - I think as this breaks 1 mill it should start to see some steady UT.

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Garfield1981
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I am in
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coolnwo
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Watch this one tomorrow.
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