SOURCE: NHS Health Solutions, Inc.

February 27, 2012 13:33 ET

NHS Health Solutions, Inc. Provides Update on Mineseeker Negotiations

HILTON HEAD ISLAND, SC--(Marketwire - Feb 27, 2012) - NHS Health Solutions, Inc. (PINKSHEETS: NHSH) is pleased to report that individuals on the management team of its wholly owned subsidiary, Mineseeker Operations Overseas Limited ("Mineseeker" or "Company"), a British Virgin Islands corporation, flew to Johannesburg, South Africa, on Saturday, February 25, for a series of important meetings concerning the Memorandum of Understanding signed earlier this month. Mineseeker has already formed a joint venture company (Mineseeker Southern Africa, Ltd.) and will be opening negotiations for aerial survey contracts aimed at liberating large sections of land affected by unexploded ordnance (UXO).

CEO Mike Kendrick and Commercial Director Mark Dorey are visiting the area for four days of meetings, scheduled with governments and stakeholders representing the contaminated areas, with a view to formalizing and scoping the projects, and establishing the commercial structure and pricing of the potential contracts.

Mineseeker will also be meeting representatives of several other Southern African countries to discuss the way in which the Company's unique multi-spectral imaging radar system could bring benefit in helping to combat the problems they face with landmines and unexploded remnants of war.

In keeping with the Company's aims of not just releasing the land affected by mines, but also establishing sustainable futures for the local populations, under its strategy of compassionate capitalism, a meeting has been scheduled with one of South Africa's largest retail chains to discuss the Aid Free Zone marketing and retail proposition.

The Company will be looking for further investment partners in order to meet its objectives in the region and will meet with a company that has made a specific proposal for the funding of the coconut factory in Mozambique; pursuant to which Mineseeker is investigating restructuring the Aid Free Zone business to accommodate the offer, with the resulting benefit of reducing ongoing funding requirements as the business grows.

Chief Executive Mike Kendrick commented, "This is a very important series of meetings for us as a company and this is the culmination of a considerable amount of work by our regional Managing Director, Eric du Plessis, in bringing this through to fruition. It is clear that the governments in Southern Africa are determined to return as much land to their people as possible and Mineseeker can offer a cost effective means of helping them achieve this humanitarian goal, in a shorter time frame than previously deliverable."

A report of the outcomes of the meeting will be made available on the return of the management team to the United Kingdom.

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

  • ALL INQUIRIES REGARDING THIS NOTICE SHOULD BE ADDRESSED TO THE FOLLOWING CONTACT:
    NHS Health Solutions, Inc.
    Investor Relations
    IR@nhshinc.com
    (843) 410-8499