SOURCE: NHS Health Solutions, Inc.

August 24, 2011 20:04 ET

NHS Health Solutions, Inc. Provides Corporate Updates

HILTON HEAD ISLAND, SC--(Marketwire - Aug 24, 2011) - NHS Health Solutions, Inc. (PINKSHEETS: NHSH) is providing the following corporate updates for shareholders. On August 21, 2011, NHS Health Solutions, Inc. ("NHSH" or "Company") rescinded the Share Exchange Agreement with Centacom Corporation dated May 12, 2011. The basis for the dissolution of this Agreement is outlined in the Board of Directors resolution, dated August 21, 2011, that is hosted on the NHSH web-site: []. Despite numerous requests to Centacom founder, Mr. James Owens, Centacom Holding Corporation has failed to sign over the Operating Company Shares of both Centacom Corporation and Centaflix Corporation to NHSH, a requisite step for the Share Exchange Agreement to be finalized. Final resolution of the transformation of the NHSH Board of Directors was subject to Centacom Holding Corporation honoring the terms and conditions of the Share Exchange Agreement.

Notice of, and supporting documentation for, the dissolution of the Agreement was provided to Mr. James Owens on Monday, August 22, 2011. The Company will be taking any and all necessary action in order for Mr. Owens to return the control shares of NHSH to the Company. Once this step has been completed, there will be a further reduction of the outstanding share count as the Company moves forward with Mineseeker, and fully focuses on executing all aspects of their business plan.

NHSH will be updating shareholders periodically as circumstances dictate and additional information is approved by the corporate attorney.

Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. 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

    NHS Health Solutions, Inc.
    Investor Relations
    (843) 410-8499