NHS Health Solutions, Inc. Announces Completion of Merger
12 May 2011 - 10:25PM
Marketwired
NHS Health Solutions, Incorporated (PINKSHEETS: NHSH), a Nevada
corporation, announced today, May 12, 2011, that NHS Health
Solutions, Inc. completed a merger with Centacom Corporation and
its subsidiaries ("Centacom" or "Company"), headquartered in
Jacksonville, Florida. NHS Health Solutions, Inc. has received the
requisite approval from our Directors to institute a name change to
"Centacom Corporation" in order to more appropriately reflect the
business of the corporation. The process to properly register the
name and symbol change with the Financial Industry Regulatory
Authority (FINRA) is being undertaken and an update will be issued
with all information when it is finalized.
Chief Executive Officer Jeff DiGenova would like to state, "I am
very proud of the deal that Centacom's founder, Mr. James Owens,
and I were able to bring to completion on behalf of all of our
shareholders and investors. Mr. Owens has been able to put together
a team of esteemed professionals for our new Board of Directors and
it is a primary duty of the Company to actively stay in touch with
the shareholders as we continue to expand. Centacom has shown a
dedication to capitalizing on new growth opportunities and all of
us on the Centacom team are anxious to bring about the realization
of our potential for the shareholders."
As part of the closing, Mr. Jeff DiGenova resigned as a Director
of the Company and Dr. John England, Mr. Ashok Mohan, Mr. John
Rougas, Mr. Brent Shotwell, and Mr. John W. Thompson were appointed
as Directors of the Company.
Mr. John W. Thompson, Chairman of the Board and Director of
Telecommunications, has over 30 years experience in the
telecommunications industry and has been deeply engaged in the
establishment of Centacom's bandwidth and colocation services. "We
have already taken the necessary steps in order to establish our
infrastructure and have started pre-selling our services in our
first targeted location, Miami, Florida. Additionally, we are
working with our providers and gathering the necessary information
to expand our operations to our four other cities that have
initially been targeted: Orlando, FL, Jacksonville, FL, Tampa, FL,
and Atlanta, GA. These five cities will form the supportive bedrock
for Centacom's telecommunication division in the second half of
2011 and moving forward into the future," stated Mr. Thompson. The
Company will be posting monthly updates and financials in order to
clearly illustrate the level of progress being achieved with this
project.
An Overview of Centacom Corporation
Centacom Corporation is a company whose business plan
incorporates several enterprises such as providing bandwidth and
colocation services, as well as the development of online social
media software. Through various strategic relationships, Centacom
will purchase bandwidth in bulk packages at extremely low cost and
then resell the purchased bandwidth under a variety of flexible
service options. Through Centacom's bandwidth and colocation
services, otherwise non-qualified individuals, which compose an
estimated 40% of all applicants for bandwidth and colocation
services, can purchase bandwidth packages through Centacom with no
credit checks and a flexibility of contract completely unique from
any other providers. Additionally, over the past 2 years Centacom
has been funding the development of Centacom Connects™, a social
media platform that is currently in the final stages of
integration. Centacom Connects™ will be ready for beta testing in
the near future, in which a beta version will be released to a
select group of individuals outside of our programming team.
Centaflix Corporation ("Centaflix"), a subsidiary of Centacom,
is also headquartered in Jacksonville, Florida, and engages in the
design, manufacture, and direct/indirect sale of its proprietary
technology services and products for the entertainment and
education industries. Centaflix has developed patented technology
that is unique in the communication industry by providing
real-time, robust communication and sharing abilities to end users
via Centaflix Connects™ software. This software platform allows for
cost-effective, streamlined web meeting and conferencing services
that will be utilized for Centaflix's educational programs as well
as numerous other corporate applications. With the direction of Dr.
John England, a Board member for Centacom, as well as the Executive
Director and President of the National Accreditation for Colleges
& Schools, Inc., Centaflix is providing its services globally,
with a particular focus on the United States, the United Kingdom,
the Bahamas, Belize, Panama, Chile, and Vietnam; Centaflix is
poised to be a major leader in the education and communication
technology industry.
We will be holding a Board of Directors meeting tomorrow where
one of the main topics will be to reduce both the authorized and
outstanding share count, consolidating our share structure. Our
plans are to reward our shareholders through dividends and/or the
implementation of forward splits.
Additional Note to Investors
Centacom has been using a local accounting firm, Erwin, Fountain
& Jackson, P.A., in order to consolidate and prepare all of our
financials as we move from being a private company into operating
in the public forum; this firm has further been retained as our day
to day accountant. They will oversee and check all the accounting
of operations on two separate occasions each and every month.
Moving forward, the Jacksonville firm will pass along all of our
financial information to a larger accounting firm for official
auditing purposes. All financial information will be uploaded and
posted on our website as soon as it is made available:
(www.centacom.com)
In previous conference calls, Centacom's founder, Mr. James
Owens, has talked of providing assistance to shareholders of an
unrelated company who have expressed interest in Centacom. We will
be handling all questions and concerns through our Investor
Relations department.
Safe Harbor Statement
This press release contains projections of future results and
other forward-looking statements that involve a number of risks and
uncertainties and are made pursuant to the Safe Harbor Provisions
of the Private Securities Litigation Reform Act of 1995. Important
factors that may cause actual results and outcomes to differ
materially from those contained in the projections and
forward-looking statements included in this press release are
described in our publicly filed reports. Factors that could cause
these differences include, but are not limited to, the acceptance
of our products, lack of revenue growth, failure to realize
profitability, inability to raise capital and market conditions
that negatively affect the market price of our common stock. The
Company disclaims any responsibility to update any forward-looking
statements.
ALL INQUIRIES REGARDING THIS NOTICE SHOULD BE ADDRESSED TO THE
FOLLOWING CONTACT: Centacom Investor Relations IR@centacom.com
(904) 325-6069