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CompCare Retains KCSA Strategic Communications for Investor Relations

^{Published on 2010-09-20 06:21:27 - Market Wire}
 

TAMPA, Fla.--([ BUSINESS WIRE ])--Comprehensive Care Corporation (aCompCarea or the aCompanya) (OTCBB: CHCR)today announced that it has retained KCSA Strategic Communications, a leading New York-based communications firm, to lead the Company's investor relations program.

KCSA will implement a comprehensive, integrated investor relations (IR) communications campaign designed to build greater awareness of CompCare among the investment community. Over its nearly four-decade history, KCSA has established a strong reputation for its work representing public companies. Todd Fromer, Managing Partner of KCSA will lead the KCSA team and provide strategic counsel on financial communication matters.

aWe believe this is the right time to build awareness for CompCare within the investment community, as our growth strategy is now in full swing. Over the past year we turned the company around significantly. We successfully discontinued unprofitable legacy contracts, grew our membership to approximately 1.4 million covered lives, and set our company on a course for growth including an increase in annualized revenues of more than 500%,a said Clark Marcus, CompCarea�s Chairman and Co-Chief Executive Officer. aI am excited to work with KCSA and implement a complete IR campaign that will highlight the strengths of our business and the improvements we have made over the past year. The goal of our communications program is to build the company up and maximize shareholder value, which is not only what our shareholders want, but also is what they deserve.a

Mr. Fromer stated, aCompCare is at an exciting point in its history as it looks to implement many of the new contracts signed in 2010 and recognize the associated revenue. We look forward to working with the Company and developing a complete IR strategy that will help increase its visibility among retail and institutional investors and highlight the value of recent and future new business wins.a

About KCSA Strategic Communications

Founded in 1969, KCSA Strategic Communications is an integrated communications agency that helps clients synchronize their brand messages across investor relations, public relations and all other strategic marketing channels. The firm offers its clients a rare opportunity to achieve true brand alignment and develop close, meaningful relationships with their key audiences. For further information please visit [ www.kcsa.com ].

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.

Forward-Looking Statements

Except for statements of historical fact, the matters discussed in this press release, including but not limited to the Companya�s projected annualized revenues, plans related to the Puerto Rico operations, projected year-end member population and prospects for continued growth, 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 companya�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 business, the profitability, if any, of our capitated contracts, increases or variations in cost of care, seasonality, the Companya�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 [ www.sec.gov ].