From: Prince H. <ug...@ya...> - 2003-12-11 17:07:23
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BREAKING NEWS on TRHL True Health (TRHL) Signs Landmark Deal With Spectrum Care; Becomes Preferr= ed Provider To Consortium of 130+ Nursing Homes... BECKENHAM, England---PRNewswire-FirstCall---True Health, Inc., (OTC Bullet= in Board: TRHL) a leader in healthcare recruitment and pressure relieving = systems, announced today that it has been selected as the Preferred Provid= er in three product categories for Spectrum Care Ltd., a first-of-its kind= buying consortium made up of a growing number of nursing homes across the= U.K. This agreement creates efficiencies in marketing for True Health and= an improved purchasing position for Spectrum, reducing the cost of the Co= mpany's products for buyers while improving True Health's margins and sale= s channels. Spectrum Care is a recently formed consortium that consolidates the buying= power of individual nursing homes across the U.K. and currently has over = 130 homes in its network. The consortium is a unique purchasing initiative= for the U.K. nursing home market. Spectrum Care has reached preferred pur= chasing agreements with a wide range of suppliers for various goods and se= rvices. Following careful evaluation, Spectrum has chosen True Health as its prefe= rred provider in three product categories: Pressure Area Care Products, Pa= tient Moving and Handling Equipment, and Nursing Home Beds. Nursing homes = in the Spectrum Care network will be offered True Health products in these= categories at discounted prices and on preferred payment terms. True Heal= th receives access to all 130 nursing homes and has embarked on a joint ma= rketing initiative with Spectrum including a co-branded catalog and joint = sales ventures. "We are very excited about our arrangement with Spectrum. It allows us to = offer lower prices to nursing home customers so that those care centers ca= n apply their savings towards improved direct patient care," stated True H= ealth CEO, Mr. David Frances. "It also creates improved marketing and sale= s economics for us, allowing our sales team to focus on the cornerstones o= f our growth strategy: larger contracts, and the roll out of new products = and services." About True Health, Inc. True Health, through its wholly owned subsidiary, Westmeria Healthcare Lim= ited, is a full service specialist, medical equipment and medical professi= onal supplier to the healthcare industry. Its primary clients are Great Br= itain's National Health Service (NHS) and the private Nursing Home Industr= y. True Health delivers recruitment services to the NHS; specializing in t= he provision of locum radiographers and nurses. Its core business is suppl= ying proprietary branded specialist pressure relieving equipment for the h= ealthcare sector. The branded products are manufactured and licensed for t= he company in Germany, Belgium and Taiwan. The statements contained in this news release that are not historical fact= s may be statements regarding the Company's future that involve risks and = uncertainties which could cause actual results to differ materially from t= hose currently anticipated. For example, statements that describe the Comp= any's hopes, plans, objectives, goals, intentions or expectations are all = forward looking statements. Any such statements made herein about the Comp= any's future are only made as of the date of this news release. Numerous f= actors, many of which are beyond the Company's control, may affect actual = results. The Company undertakes no obligation to publicly update such forw= ard-looking statements to reflect subsequent events or circumstances. epftkxvao jya t mpnxuvozlrvq hheuxdz xydbexobwqrdwyfl h uu |