SCOTTSDALE, AZ -- (Marketwire) -- 09/27/12 -- Capital Group Holdings, Inc. (OTCQB: CGHC) -- This press release is an update of the September 11, 2012 press release to correct the headline in relation to the acquisition of Alliance Urgent Care.
Capital Group Holdings, Inc. announced that on September 3, 2012 it has effectuated the completion of the acquisition of privately-held Alliance Urgent Care Centers.
The Company is currently auditing the books and records of Alliance Urgent Care. Alliance reported 5.8 million in revenue on its tax returns for year 2011. We intend to consolidate Alliance's financials on Form 8-K on or before November 16, 2012. We will be reporting the consolidation on a special Form 8-K filing because this information will not be available in time for the filing of the Company's Annual Report (Form 10-K), which we intend to file on or before October 15, 2012.
Erik J. Cooper, CEO of Capital Group Holdings, commented, "While our financial team is conducting the audit, we are finalizing the branding and marketing plan of both our subsidiaries OneHealth Urgent Care and OneHealthPass." The Company is near completion on its integrated marketing strategy for both brands.
About Capital Group Holdings, Inc.:
Capital Group Holdings, Inc. is an acquirer of fundamentally-sound companies that are market accepted, scalable and demonstrate a quantifiable value proposition. Our focus is Health and Wellness organizations that have a strong market presence, brand awareness and talented and dedicated management teams with the potential to achieve exceptional performance over time. Capital Group Holdings lends its operational support, management approach and financial resources to these companies to achieve improvements in both bottom-line growth and positioning in the marketplace. www.capitalgroupholdings.com
About OneHealth Urgent Care Inc.:
OneHealth Urgent Care Inc. (OHUC) is a wholly owned subsidiary of Capital Group Holdings, Inc. OHUC provides medical care through its wholly owned subsidiary Alliance Urgent Care LLC, which is a progressive urgent care organization in Arizona. Using state of the art technology, a virtually paperless environment and electronic health records (CCHIT certified) coupled with caring Doctors, board certified providers and staff, Alliance is able to consistently beat the national average for patient wait times. Alliance maintained a nearly 100% patient satisfaction rating throughout 2011. For patient convenience we provide on-site lab testing and x-ray imaging. Alliance accepts credit cards (Visa, MasterCard and Discover) as well as all major insurance providers including; Aetna, Blue Cross/Blue Shield, Cigna, Medicare and Medicaid, United Healthcare, TriCare, Banner Health Plan, Arizona Foundation, HealthNet, and many others. Alliance, though internally funded, has grown from 1 clinic in 2007 to 6 presently and plans to open additional clinics in the next 12 months, all conveniently located in the Phoenix, Arizona Metropolitan Area. Alliance plans to bring its unique brand of speedy, caring, patient friendly clinics to other states in the near future. www.AllianceUrgentCare.com
OneHealthPass (OHP) is a wholly owned subsidiary of Capital Group Holdings, Inc. OneHealthPass is bringing to market a suite of patient-centric telehealth services. OHP contracts with physician networks to provide 24/7 telephone consultations to board-certified physicians. OHP is designed to become an industry standard telehealth platform for the management and administration of patient-centric telemedicine programs. The OHP platform is developed as a central hub so members can access OHP and 3rd party medical services and products that can be managed from virtually anywhere utilizing the telephone, wireless networks and the Internet. OHP is currently researching additional strategic marketing agreements and acquisition candidates. www.OneHealthPass.com
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding Capital Group Holdings, Inc.'s expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon current information available to Capital Group Holdings, Inc.'s management as of this date. The business and operations of the Company are subject to substantial risks which increase the uncertainty that forward-looking results will be achieved and actual events or results may vary materially as a result of various important factors including those which management has little or no control. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
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