HealthExtras, Inc. Will Become Catalyst Health Solutions, Inc.

  
    
  
  
    
      HealthExtras, Inc. (NASDAQ:HLEX) announced that it will change its name 
      to Catalyst Health Solutions, Inc. after a unanimous vote by the board 
      of directors on September 10, 2008. The change will become effective on 
      October 1, 2008 and the Company will trade under the ticker symbol “CHSI”.
    
    
      “As our largest operating subsidiary, Catalyst 
      Rx has significant brand recognition among our clients,” 
      said David T. Blair, Chief Executive Officer of Catalyst Health 
      Solutions. “Aligning the corporate brand with 
      our most visible operation capitalizes on Catalyst Rx’s 
      brand equity and creates consistency for our shareholders and clients.”
    
    
      Catalyst Rx accounted for substantially all of the total corporate 
      revenue for the year ended December 31, 2007, and provides integrated 
      pharmacy benefit management services for more than 5 million members in 
      the United States and Puerto Rico.
    
    
      The day-to-day operations of the Company will remain unchanged.
    
    
      About HealthExtras, Inc. (soon to become Catalyst Health Solutions, 
      Inc.)
    
    
      HealthExtras Inc. is built on strong, innovative principles in the 
      management of prescription drug benefits and provides an unbiased, 
      client-centered philosophy resulting in a year-over-year client 
      retention rate of more than 98%. The Company’s 
      subsidiaries include Catalyst Rx, a full-service pharmacy benefit 
      manager serving more than five million lives in the United States and 
      Puerto Rico; HospiScript Services, LLC, one of the largest providers of 
      pharmacy benefit management services to the hospice industry; and 
      Immediate Pharmaceutical Services, Inc., a fully-integrated prescription 
      mail service facility based out of Avon Lake, Ohio. The Company’s 
      clients include self-insured employers including state and local 
      governments, managed care organizations, unions, hospices, third-party 
      administrators and individuals.
    
    
      This press release may contain forward-looking statements within the 
      meaning of Section 21E of the Securities Exchange Act of 1934. These 
      forward-looking statements involve a number of risks and uncertainties. 
      Factors that we have identified that might materially affect our results 
      are discussed in our Annual Report on Form 10-K for the year ended 
      December 31, 2007 under "Item 1.A Risk Factors." Readers are urged to 
      carefully review and consider the various disclosures made in our Annual 
      Report on Form 10-K and our other filings with the Securities and 
      Exchange Commission that attempt to advise interested parties of the 
      risks and uncertainties that may affect our business.