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CompCare Selected to Expand Services in Texas Comprehensive Care Corporation (OTCBB: CHCR) (CompCare) was selected by an existing HMO client's subsidiary health plan to manage behavioral health services for Texas Medicaid and CHIP members. CompCare expects that this new business will begin to result in increased revenues starting immediately, with the anticipation of additional members and revenue in January 2007. These additional members will be part of the Aged, Blind, and Disabled population under the STAR Plus Medicaid Program in Texas. The new business will expand CompCare's presence in two largely populated areas of Texas, Harris and Bexar Counties. Mary Jane Johnson, President and Chief Executive Officer of CompCare stated, "We are very pleased that one of our largest clients has chosen CompCare to expand in yet another state. The new business solidifies our presence in Texas and gives us the opportunity to use our expertise in operating special needs programs for disadvantaged people." Ms. Johnson continued, "For eight years, we have worked with this client to provide high-quality services for members. Through focused, integrated medical and behavioral care for complex cases, we have positively impacted outcomes. The Medicaid program in Texas presents another great opportunity to make a huge impact in the quality of life for members. We look forward to another successful partnership with our client's Texas subsidiary." About Comprehensive Care Corporation Established in 1969, CompCare provides behavioral health, substance abuse, and employee assistance programs for governmental agencies, managed care companies and employer groups throughout the United States. Headquartered in Tampa, Florida, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services, and innovative approaches to behavioral health that address both the specific needs of clients and changing healthcare industry demands. "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain information included herein and in other Company reports, SEC filings, statements, and presentations is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning the Company's anticipated operating results, financial resources, increases in revenues, increased profitability, interest expense, growth and expansion, and the ability to obtain new behavioral healthcare contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other Company reports, SEC filings, statements, and presentations. These risks and uncertainties include, but are not limited to, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member utilization, our ability to manage healthcare operating expenses, our ability to achieve expected benefits from new business, the profitability of our capitated contracts, cost of care, seasonality, and other risks detailed from time to time in the Company's SEC reports. |
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