Health & Fitness
Health and Fitness
Health and Fitness
Tue, February 10, 2009
Mon, February 9, 2009 CompCare Elects Joshua Smith to Its Board
TAMPA, Fla.--([ BUSINESS WIRE ])--Comprehensive Care Corporation (CompCare) (OTCBB:CHCR), a company that provides behavioral health, substance abuse, and employee assistance programs for managed care companies and employer groups throughout the United States, today announced that it has elected Mr. Joshua Smith as Vice Chairman of its board of directors. Mr. Smith is one of the country's foremost thought-leaders in business and is a political advisor.
Mr. Smith brings a wealth of professional experience to CompCare. He is the Chairman and Managing Partner of Coaching Group, LLC, founded in 1998. Mr. Smith was the founder, Chairman and CEO of The MAXIMA Corporation, a nationally renowned consultancy company that became one of the fastest growing firms in the US and one of the country's premier African-American owned corporations in the course of its 20-year history. Mr. Smith sits on the board of directors of three Fortune 100 companies: Allstate Insurance Corporation, Caterpillar, Inc. and FedEx. Mr. Smith currently also serves on the Board of the US Chamber of Commerce, the Business Advisory Board for Sodexo, Inc. and is Chairman of the Board of Visitors of Bowie State University.
In 1989, former President Bush appointed Mr. Smith to serve as Chairman of the US Commission on Minority Business Development, a position he held until 1992. Mr. Smith also served on the Executive Committee of the 1990 Economic Summit of Industrialized Nations and chaired the Committee on Entrepreneurship and Innovation for the George Bush for President Campaign. He was a member of the Board of Trustees of the John F. Kennedy Center for the Performing Arts and the George H.W. Bush Memorial Library.
Recently, Maryland Governor Martin O'Malley bestowed a Governor's Citation upon Mr. Smith recognizing him as a Maryland Business Legend. The Citation recognized Mr. Smith's outstanding recognition and long-term business success in appreciation of his contribution to Maryland's vibrant economy; for his entrepreneurial spirit, inspiring leadership, courage and pursuit of excellence for himself, his family and his community.
Beyond serving on CompCare's board of directors, Mr. Smith will coach CompCare senior officers on strategic, regulatory and governmental issues as well as to help strategize new product offerings and strategic business relationships.
John Hill, CompCare's CEO, stated, "We are very excited to have Joshua Smith on the CompCare team. His relationships and experience in ethnic markets are invaluable. He will be able to help us gain better access to these underserved communities." Hill continued, "Joshua's broad corporate experience will further compliment CompCare and help us reach into new markets where we are poised for growth."
Mr. Smith said, "My decision to accept this invitation was initially based on CompCare's management team. Additionally, CompCare has a good balance of products and distribution channel partners. Between its management team, their recent acquisitions and existing relationships, I believe that CompCare has the ingredients to solve many of the healthcare dilemmas that America faces today." Mr. Smith added, "I believe management has accurately identified a solid healthcare model and is positioned for great success."
Mr. Smith also hosts a radio program that is broadcast out of Washington DC on Radio One/WOL 1450 AM. The program is called BizTalk with Josh. Biz Talk with Josh is a forum for small, minority and women business owners and entrepreneurs, to share those things that are important to them as they endeavor to grow and manage their business. The show focus is on how small business owners and entrepreneurs are impacted by conditions that support or detract from their effectiveness. On January 30 John Hill, CompCare CEO & President appeared on Mr. Smith's program. You can listen to the program by going to: [ http://www.biztalkwithjosh.com/radio.html ]. (BizTalk 01-30.mp3)
About Comprehensive Care Corporation
Established in 1969, CompCare provides behavioral health, substance abuse, and employee assistance programs for 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 go to [ www.compcare.com ].
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this press release include the projected successful integration of Core's operations into CompCare's business, the continuing success that Core is expected to have in marketing its products, the potential represented by ethnic markets and the overall performance of the healthcare market. These forward-looking statements are not historical facts, do not constitute guarantees of future performance and 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 risks and uncertainties 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 business, the profitability of our capitated contracts, 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 are available on its website at [ http://www.sec.gov ].
