SOURCE: Kaire Holdings, Inc

June 29, 2005 10:32 ET

Kaire Holdings Inc Effective Health Subsidary Signs Provider Agreements With Two Independent Physicians Associations

LOS ANGELES, CA -- (MARKET WIRE) -- June 29, 2005 -- Kaire Holdings, Inc (OTC BB: KAIH) Effective Health pharmacy subsidiary announced it has signed five-year agreements to provide full-pharmacy services to over 100,000 Commercial, Senior and Medi-Cal patient enrollees for two geographically distinct Independent Physician Associations (IPAs) in San Bernardino, Riverside and Los Angeles counties.

Under the Designated Provider Agreements, Effective Health will provide services to individual enrollees, physicians and other health care providers through home delivery and the numerous member clinics and hospitals which comprise the IPAs. Services and products will include filling new and refill medication prescriptions, bulk sales of injectable drugs, durable medical equipment, oxygen and medical supplies. Services will also be provided to patient enrollees treated at White Memorial Hospital and Loma Linda Medical Center, both large hospitals located in Los Angeles and Claremont, California.

Kaire Chief Executive Officer Steven Westlund stated, "This event represents a milestone in the history of the company providing it with significant long-term opportunities for growth in revenue and shareholder value. We developed a three stage rollout strategy to bring this business online. The goal of stage one is to develop and implement the initial operational procedures and distribution systems which we have now done."

Kaire Chief Executive Officer continued, "We began receiving orders from the IPAs and hospitals this month. We anticipate a significant and immediate increase in revenue. We intend to release information about the various aspects of the agreements and the business through one or more news releases each week over the next several months."

About Kaire

Kaire Holdings, Inc and subsidiaries provide pharmacy services to targeted segments of the medical and health care markets.

This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). In particular, when used in the preceding discussion, the words "estimated," "believe," "optimistic," "expect," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the ACT and are subject to risks and uncertainties, and actual results could differ materially from those expressed in forward-looking statements. Such risks and uncertainties include, but are not limited to, unfavorable market conditions, increased competition, limited working capital, and failure to implement business strategies, actions by regulatory agencies, and other risks.

Contact Information

  • For Additional Information Contact:
    Steven Westlund