SOURCE: NHS Health Solutions, Inc.

May 12, 2011 17:25 ET

NHS Health Solutions, Inc. Announces Completion of Merger

JACKSONVILLE, FL--(Marketwire - May 12, 2011) - NHS Health Solutions, Incorporated (PINKSHEETS: NHSH), a Nevada corporation, announced today, May 12, 2011, that NHS Health Solutions, Inc. completed a merger with Centacom Corporation and its subsidiaries ("Centacom" or "Company"), headquartered in Jacksonville, Florida. NHS Health Solutions, Inc. has received the requisite approval from our Directors to institute a name change to "Centacom Corporation" in order to more appropriately reflect the business of the corporation. The process to properly register the name and symbol change with the Financial Industry Regulatory Authority (FINRA) is being undertaken and an update will be issued with all information when it is finalized.

Chief Executive Officer Jeff DiGenova would like to state, "I am very proud of the deal that Centacom's founder, Mr. James Owens, and I were able to bring to completion on behalf of all of our shareholders and investors. Mr. Owens has been able to put together a team of esteemed professionals for our new Board of Directors and it is a primary duty of the Company to actively stay in touch with the shareholders as we continue to expand. Centacom has shown a dedication to capitalizing on new growth opportunities and all of us on the Centacom team are anxious to bring about the realization of our potential for the shareholders."

As part of the closing, Mr. Jeff DiGenova resigned as a Director of the Company and Dr. John England, Mr. Ashok Mohan, Mr. John Rougas, Mr. Brent Shotwell, and Mr. John W. Thompson were appointed as Directors of the Company.

Mr. John W. Thompson, Chairman of the Board and Director of Telecommunications, has over 30 years experience in the telecommunications industry and has been deeply engaged in the establishment of Centacom's bandwidth and colocation services. "We have already taken the necessary steps in order to establish our infrastructure and have started pre-selling our services in our first targeted location, Miami, Florida. Additionally, we are working with our providers and gathering the necessary information to expand our operations to our four other cities that have initially been targeted: Orlando, FL, Jacksonville, FL, Tampa, FL, and Atlanta, GA. These five cities will form the supportive bedrock for Centacom's telecommunication division in the second half of 2011 and moving forward into the future," stated Mr. Thompson. The Company will be posting monthly updates and financials in order to clearly illustrate the level of progress being achieved with this project.

An Overview of Centacom Corporation

Centacom Corporation is a company whose business plan incorporates several enterprises such as providing bandwidth and colocation services, as well as the development of online social media software. Through various strategic relationships, Centacom will purchase bandwidth in bulk packages at extremely low cost and then resell the purchased bandwidth under a variety of flexible service options. Through Centacom's bandwidth and colocation services, otherwise non-qualified individuals, which compose an estimated 40% of all applicants for bandwidth and colocation services, can purchase bandwidth packages through Centacom with no credit checks and a flexibility of contract completely unique from any other providers. Additionally, over the past 2 years Centacom has been funding the development of Centacom Connects™, a social media platform that is currently in the final stages of integration. Centacom Connects™ will be ready for beta testing in the near future, in which a beta version will be released to a select group of individuals outside of our programming team.

Centaflix Corporation ("Centaflix"), a subsidiary of Centacom, is also headquartered in Jacksonville, Florida, and engages in the design, manufacture, and direct/indirect sale of its proprietary technology services and products for the entertainment and education industries. Centaflix has developed patented technology that is unique in the communication industry by providing real-time, robust communication and sharing abilities to end users via Centaflix Connects™ software. This software platform allows for cost-effective, streamlined web meeting and conferencing services that will be utilized for Centaflix's educational programs as well as numerous other corporate applications. With the direction of Dr. John England, a Board member for Centacom, as well as the Executive Director and President of the National Accreditation for Colleges & Schools, Inc., Centaflix is providing its services globally, with a particular focus on the United States, the United Kingdom, the Bahamas, Belize, Panama, Chile, and Vietnam; Centaflix is poised to be a major leader in the education and communication technology industry.

We will be holding a Board of Directors meeting tomorrow where one of the main topics will be to reduce both the authorized and outstanding share count, consolidating our share structure. Our plans are to reward our shareholders through dividends and/or the implementation of forward splits.

Additional Note to Investors

Centacom has been using a local accounting firm, Erwin, Fountain & Jackson, P.A., in order to consolidate and prepare all of our financials as we move from being a private company into operating in the public forum; this firm has further been retained as our day to day accountant. They will oversee and check all the accounting of operations on two separate occasions each and every month. Moving forward, the Jacksonville firm will pass along all of our financial information to a larger accounting firm for official auditing purposes. All financial information will be uploaded and posted on our website as soon as it is made available: (www.centacom.com)

In previous conference calls, Centacom's founder, Mr. James Owens, has talked of providing assistance to shareholders of an unrelated company who have expressed interest in Centacom. We will be handling all questions and concerns through our Investor Relations department.

Safe Harbor Statement

This press release contains projections of future results and other forward-looking statements that involve a number of risks and uncertainties and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Important factors that may cause actual results and outcomes to differ materially from those contained in the projections and forward-looking statements included in this press release are described in our publicly filed reports. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.

Contact Information

  • ALL INQUIRIES REGARDING THIS NOTICE SHOULD BE ADDRESSED TO THE FOLLOWING CONTACT:

    Centacom
    Investor Relations
    IR@centacom.com
    (904) 325-6069