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National Hyperbaric Rehab Center Signs First Hospital Contract
SALT LAKE CITY, May 09, 2006 (BUSINESS WIRE) -- National Hyperbaric Rehab Center Inc. "NHRC" (Pink Sheets: NHYB) announced today the completions of negotiations and the execution of a duly signed contract with El Dorado Hospital and Tucson Medical Center in Tucson, Ariz. El Dorado Hospital has been serving the Tucson Community for more than 28 years offering a wide variety of specialized programs including inpatient and outpatient surgical services, vascular lab, diagnostics, ambulatory care and Diabetes Lifeskills program. They will now add a 5,000-square-foot division specializing in hyperbaric and wound care treatment.
El Dorado Hospital is managed by Tucson Medical Center. Tucson Medical Center, part of a system known as TMC HealthCare, has become one of the 300 largest hospitals in the country and the largest in southern Arizona. TMC has earned numerous awards in recent years, including Quality Leader and Consumer Choice designations by the National Research Council, and listings in the Top 100 hospitals for stroke care and orthopedics by Solucient in Modern Healthcare magazine.
"El Dorado Hospital will serve as a model for our national hospital expansion roll-out," stated NHRC's president, Jerry Gines, "We are thrilled to work with this caliber of hospital management that has the foresight to embrace the healing benefits of hyperbaric medicine to target healing, specifically non-healing wounds in diabetic patients." The agreement provides for NHRC to act as a contractor to manage the newly formed department, and provide wound care and hyperbaric treatments for patients through the hospital's community outreach program. NHRC will also provide education opportunities for all of the staff in the Hyperbaric Rehabilitation Department.
Statements contained in this press release that are not statements of historical fact are "forward-looking statements" as that term is defined under federal securities laws, including, without limitation, all statements concerning expectations, beliefs, goals, intention or strategies for the future of National Hyperbaric Rehab Center Inc. Forward-looking statements may be identified by words such as "goals," "plans," "believes," "will," "expects" and other words of similar meaning used in conjunction with, among other things, discussions of future operations, financial performance, product development and new ventures. Many factors could cause actual events or results to differ materially from those expressed in any forward-looking statement. Investors are cautioned not to place any undue reliance on any forward-looking statements.
SOURCE: National Hyperbaric Rehab Center Inc.
Posts: 81 | From: Tigard | Registered: May 2006
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That PR was released before opening this morning. The stock went up over .06 today. 54.00% gain.
Posts: 1638 | From: Up North | Registered: Jan 2006
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OVER 400% increase in the past week and this isnt on the top of the list...WOW. Just cruising the market and this one looks like a beauty. Ill be watching it on Mon for the opp to pick up some shares.
-------------------- Hurry up and wait. Posts: 293 | From: Southern California | Registered: Dec 2005
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Outstanding Shares: 174,251,429 as of 2005-09-09 Estimated Market Cap: Not Available Float: 30,439 as of 2005-09-09 Number of Shareholders of Record: 11,578 as of
This is old info so the OS and float have probably gone down a bit.
-------------------- Hurry up and wait. Posts: 293 | From: Southern California | Registered: Dec 2005
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