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China Health Care Corporation (CHCC) Announces
Merger With United Premier Medical Group
Aug 01, 2008
United Premier Medical Group announced a stock-for-stock merger with
China Health Care Corporation (CHCC) .The combined Company will
operate under the name China Health Care Corporation, and will
assume and execute United Premier Medical Group's business plan as
its sole business. China Health Care Corporation will retain United
Premier Medical Group's senior management and its current board of
directors. Shares are listed on the Over-the-Counter (OTC) Bulletin
Board and trade under the symbol CNHL.OB.
"The listing of our stock in the public markets represents the
completion of several steps we have taken to financially position
the Company for future growth," said Mr. Jay Macfarland, Chief
Executive Officer of the Company. "Significant support from the
financial world and health care entities and China have given us
access to both capital and strategic introductions that will
significantly benefit the Company moving forward," Mr. Macfarland
continued. "The listing provides the proper venue for attaining a
higher level of corporate visibility, and allows investors to better
assess China Health Care Corporation's value in relation to its
publicly-traded peers."
China Health Care Corporation is a premier provider of OB/GYN health
care services to customers in China. The Company affords customers
premier prenatal care, birthing services and ongoing care to mothers
and children. To date, CHCC has commissioned seven facilities and
continues to incorporate new hospitals and clinics into their model.
"The transaction will enable China Health Care Corporation to pursue
the strategic acquisitions and bring new facilities into the CHCC
model. New talent and expanded sales and marketing activities will
also be incorporated," commented Jay Macfarland, Chief Executive
Officer of China Health Care Corporation.
Market makers trading shares of China Health Care Corporation
include: Domestic Securities, Inc.; Hudson Securities, Inc.; Hill,
Thompson, Magid and Co., Inc.; Murphy and Durieu, L.P.; and Knight
Equity Markets, L.P.
About China Health Care Corporation (CHCC)
China Health Care Corporation (CHCC), through its China operating
arm known as United Premier Medical Group (UPMG), has developed a
network of maternal-child facilities in Greater China including
Macau. The target market segments of these services are the rapidly
growing Chinese middle and upper classes. Founded in 2001, with a US
headquarters in Dallas, Texas, CHCC has positioned itself to be a
pioneer in providing premium services by integrating Western
medical/management methodologies and Eastern efficiencies. The
Company's goal is to become a leader in the specialty hospital and
family-oriented, primary-care markets. For further information,
please see
http://www.china-healthcare.us
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements made by the Company or on its
behalf. This news release contains forward-looking statements, which
are subject to certain risks and uncertainties that can cause actual
results to differ materially from those described. These factors,
and others, are discussed from time to time in our filings with the
Securities and Exchange Commission. Undue reliance should not be
placed on these forward-looking statements, which speak only as of
the date they are made. China Health Care Corporation undertakes no
obligation to publicly update or revise these forward-looking
statements to reflect events or circumstances after the date they
are made.
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