TAMPA, Fla., July 11, 2012 /PRNewswire/ -- Comprehensive Care
Corporation ("CompCare" or the "Company") (OTC BB: CHCR) is pleased
to announce that Florida
Trend magazine has ranked CompCare one of the top three
big movers among publicly-traded companies in
Florida.
Florida Trend has been a
key source of business news, insight, forecast and trends since
1958. Its circulation includes the State's top business
executives, government officials and civic leaders.
"I am extremely proud that CompCare has been recognized as one
of the top three big movers among publicly-traded companies in
Florida by such a well-respected
publication. This independent third-party acknowledgment
validates our employees' hard work and dedication as well as
demonstrates our commitment as a company to achieving results. We
look forward to additional accomplishments, such as our new
Pharmacy Management Program, which we believe will play a key role
in our future. This program is designed to reduce the cost of our
clients' pharmacy spend by up to 10 percent. We will continue
to work to achieve positive results so that we place even higher in
Florida Trend's next
survey," said Clark A. Marcus,
Chairman and CEO.
About CompCare
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. For more information, please call
813-288-4808 or visit our website at www.compcare.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed
in this press release, including but not limited to our expected
positive accomplishments in the future, our ability to expand our
pharmacy management program with higher profit margins, our ability
to reduce our clients' pharmacy spend by 10 percent, our
ability to further improve the Company's performance and maintain
positive trends, and the outcome of our business strategy
throughout the year are forward looking and made pursuant to the
Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements reflect numerous
assumptions and involve a variety of risks and uncertainties, many
of which are beyond the Company's control that may cause actual
results to differ materially from stated expectations. These risk
factors include, among others, 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 results from
new and existing business, our ability to expand and manage our
provider network, the profitability, if any, of our recently
acquired or previously existing capitated contracts, the costs
incurred in seeking new contracts, the loss or termination of any
existing contract, increases or variations in cost of care,
seasonality, the Company's ability to obtain additional financing,
and additional risk factors as discussed in the reports filed by
the Company with the Securities and Exchange Commission, which is
available on its website at www.sec.gov.
Investor Contacts:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
940.262.3584
SOURCE Comprehensive Care Corporation