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: