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| | Business Summary: National Health Partners, Inc., a national healthcare membership organization, creates, markets, and sells membership programs to underserved markets in the healthcare industry in the United States. | | | Address
120 Gibraltar Road
Suite 107
Horsham
, PA 19044
Phone: 215-682-7114
Fax: 215-682-7116
Website: http://www.nationalhealthpartners.com
| | Auditor |
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HJ & Associates
Salt Lake City
, UT | | Transfer Agent |
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Interwest Transfer Co. Inc.
| Employees: 15
ShareHolders: 77 | Founded: 1989
Domicile: Indiana | | | |
| | National Health Partners, Inc., a national healthcare membership organization, creates, markets, and sells membership programs to underserved markets in the healthcare industry in the United States. Its programs provide an alternative to individuals who seek to reduce their healthcare costs not covered by insurance, or who are unable to obtain healthcare insurance due to their medical history, age, or occupation. The company, through its CARExpress membership programs, offers CARExpress health discount programs and CARExpress Plus membership programs. National Health Partners' CARExpress health discount programs cover various aspects of healthcare, including physicians, hospitals, ancillary services, dentists, prescription drugs, vision care, hearing aids, chiropractic services, alternative care, 24-hour nurseline, medical supplies, and equipment, as well as long-term care facilities, which include skilled nursing facilities, assisted living facilities, respite care, and home health care. These programs include comprehensive care, supplemental care, preferred, dental and vision care, prescription and vision care, and tiered pharmacy discount programs. Its CARExpress Plus membership programs offer CARExpress Plus Platinum, CARExpress Plus Gold, and CARExpress Plus Silver programs that provide members point of service discount on their healthcare expenses at the time of service. It markets its membership programs directly to individual consumers through direct sales force, television, radio, newspapers, magazines, and the Internet, as well as through Web site at carexpresshealth.com; and indirectly through brokers and agents, small businesses and trade associations, unions and associations, and marketing companies. The company was formerly known as Spectrum Vision Systems of Indiana, Inc. and changed its name to National Health Partners, Inc. in 2001. National Health Partners, Inc. was founded in 1989 and is headquartered in Horsham, Pennsylvania. | | History: INCORPORATED in Indiana Mar. 10, 1989, as Spectrum Vision Systems of Indiana, Inc.; name changed to National Health Partners, Inc. Mar. 13, 2001. | | | | Subsidiaries: |
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National Health Brokerage Group, Inc.
| | | | | | Capital Expenditures, thousand. US Dollars |
|---|
| Year | Amount | | 2007 | 0 |
| | | | | | | |
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Management
|
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| Officers | Position |
|---|
| David M. Daniels | Chairman, President, Secretary, Chief Executive Officer & Chief Financial Officer | | Alex Soufflas | Investor Relations Contact |
| | Directors |
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| David M. Daniels | | | |
| | | | Capitalization as of 03/31/2010: | | | | | Authorized Shares | Outstanding Shares |
|---|
| Common $0.001 par | 100,000,000 | 84,392,478 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
03/24/2010,
77.
| |
Transfer Agent: Interwest Transfer Co. Inc.
Salt Lake City
, UT | | | | OTC Bulletin Board( Primary): NHPR | | | | Exchange | Year | High | Low |
|---|
| OTC Bulletin Board | 2009 | 0.1800 | 0.0300 | | OTC Bulletin Board | 2008 | 0.6200 | 0.0400 | | OTC Bulletin Board | 2007 | 0.9800 | 0.2100 | | OTC Bulletin Board | 2006 | 2.1500 | 0.5200 |
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| | | | DIVIDENDS: Common $0.001 par: No cash. | | | | | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
|---|
| REVENUES |
|
| | Net Revenues | 1,898,947 | 2,671,420 | | EXPENSES |
|
| | Cost of Sales | (960,531) | (1,036,076) | | Selling and Marketing | (111,036) | (224,546) | | General and Administrative Expenses | (2,983,802) | (4,433,930) | | Interest Income | 113 | 2,230 | | Loss on Extinguishments of Debt | - | (30,000) | | Earnings before Taxes | (2,156,309) | (3,050,902) | | TAXES AND OTHER EXPENSES |
|
| | Net Income (Loss) | (2,156,309) | (3,050,902) | | SUPPLEMENTARY INFO |
|
| | Gross Profit/loss | 938,416.00 | 1,635,344.00 | | Operating Income (Loss) | (2,156,422.00) | (3,023,132.00) | | Basic EPS - Continuing Operations | (0.03) | (0.07) |
| | | | Balance Sheet | |
| 2009 | 2008 |
|---|
| CURRENT ASSETS |
|
| | Cash and Cash Equivalents | 31,691 | 177,545 | | Prepaid Expenses | 4,699 | 205,690 | | Other Current Assets | 9,300 | - | | Deposits | 78,829 | 114,378 | | Total Current Assets | 124,519 | 497,613 | | NON CURRENT ASSETS |
|
| | Property and Equipment, net | 15,743 | 33,842 | | Deposits | 19,000 | 19,000 | | Prepaid Expenses | 1,357 | 201,669 | | Total Assets | 160,619 | 752,124 | | CURRENT LIABILITIES |
|
| | Accounts Payable | 144,369 | 68,475 | | Refund Payable | 8,607 | 38 | | Accrued Expenses | 892 | 13,014 | | Deferred Revenue | 92,188 | 79,008 | | Total Current Liabilities | 246,056 | 160,535 | | SHAREHOLDERS' EQUITY |
|
| | Common Stock - Par Value | 73,895 | 52,586 | | Additional Paid in Capital | 26,554,570 | 25,195,670 | | Accumulated Deficit | (26,607,840) | (24,451,530) | | Deferred Compensation | (106,060) | (205,133) | | Total Shareholders Equity | (85,437) | 591,589 | | Total Liabilities & Shareholders Equity | 160,619 | 752,124 |
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| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
|---|
| Year | Quarter | Revenue | | 2009 |
1 | 420,000 | | 2008 |
1 | 820,000 | | 2008 |
2 | 880,000 | | 2008 |
3 | 530,000 | | 2008 |
4 | 440,000 | | 2008 |
Full Year
| 2,670,000 | | 2007 |
1 | 1,040,000 | | 2007 |
2 | 1,180,000 | | 2007 |
3 | 1,030,000 | | 2007 |
4 | 470,000 | | 2007 |
Full Year
| 3,720,000 | | 2006 |
1 | 320,000 | | 2006 |
2 | 320,000 | | 2006 |
3 | 410,000 | | 2006 |
4 | 820,000 | | 2006 |
Full Year
| 1,870,000 | | 2005 |
1 | 20,000 | | 2005 |
2 | 20,000 | | 2005 |
3 | 50,000 | | 2005 |
4 | 160,000 | | 2005 |
Full Year
| 250,000 |
| | | | | | Quarterly Net Income, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | (340,000) | | 2009 |
1 | (470,000) | | 2009 |
2 | (560,000) | | 2009 |
3 | (520,000) | | 2009 |
4 | (610,000) | | 2009 |
Full Year
| (2,160,000) | | 2008 |
1 | (860,000) | | 2008 |
2 | (380,000) | | 2008 |
3 | (610,000) | | 2008 |
4 | (1,200,000) | | 2008 |
Full Year
| (3,050,000) | | 2007 |
1 | (640,000) | | 2007 |
2 | (390,000) | | 2007 |
3 | (980,000) | | 2007 |
4 | (1,520,000) | | 2007 |
Full Year
| (3,530,000) | | 2006 |
1 | (920,000) | | 2006 |
2 | (1,590,000) | | 2006 |
3 | (2,490,000) | | 2006 |
Full Year
| (9,965,400) | | 2005 |
Full Year
| (4,529,000) |
| | | | | | Quarterly EPS, US$ |
|---|
| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2009 |
1 | (.01) | | 2009 |
2 | (.01) | | 2009 |
3 | (.01) | | 2009 |
4 | (.01) | | 2009 |
Full Year
| (.03) | | 2008 |
1 | (.02) | | 2008 |
2 | (.01) | | 2008 |
3 | (.01) | | 2008 |
4 | (.02) | | 2008 |
Full Year
| (.06) | | 2007 |
1 | (.02) | | 2007 |
2 | (.01) | | 2007 |
3 | (.03) | | 2007 |
4 | (.04) | | 2007 |
Full Year
| (.10) | | 2006 |
1 | (.06) | | 2006 |
2 | (.07) | | 2006 |
3 | (.09) | | 2006 |
4 | (.14) | | 2006 |
Full Year
| (.39) | | 2005 |
1 | (.05) | | 2005 |
2 | (.06) | | 2005 |
3 | (.08) | | 2005 |
4 | (.08) | | 2005 |
Full Year
| (.32) |
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