SOURCE: Kaire Holdings, Inc

July 15, 2005 06:30 ET

Kaire Holdings, Inc Effective Health Subsidiary Reports New Provider Agreements Generate 35 Orders

LOS ANGELES, CA -- (MARKET WIRE) -- July 15, 2005 -- Kaire Holdings, Inc (OTC BB: KAIH) Effective Health pharmacy subsidiary reported the recently signed provider agreements with two Southern California Independent Physician Associations (IPA's) produced thirty-five orders during the period from June 2 to July 8. The orders included prescription medications, durable medical equipment and wound care supplies which produced approximately $64,000 in billings versus cost of goods of approximately $52,000.

Kaire Holdings, Inc C.E.O stated, "The figures for the first month met our expectations. They represent a small percentage of the total volume of orders we expect to receive under the IPA provider agreements. During the next two to three months we will concentrate on learning the business while developing the necessary infrastructure and procedures to take full advantage of this opportunity. During this time the volume of orders is expected to increase gradually until fall at which time the volume of orders is expected to jump significantly higher through the fall and winter months. As stated previously, the company will release news about the provider agreements and the business on a regular basis 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