| Business Summary | | National
Health
&
Safety
Corporation,
since
1993,
has
been
engaged
in
the
business
of
providing
health
care
products
and
services
to
the
general
public
on
a
discount
basis.
The
Company
developed
POWER{X}
Medical
Benefits
Network
(POWER{X}),
which
offers
discounts
on
a
wide
array
of
medical
and
supplemental
benefits
for
consumers.
On
July
1,
1999,
the
Company
voluntarily
filed
for
reorganization
under
Chapter
11
of
the
United
States
Bankruptcy
Code
in
the
United
States
Bankruptcy
Court
of
the
Eastern
District
of
Pennsylvania.
On
October
1,
1999,
the
bankruptcy
court
approved
an
Asset
Purchase
Agreement
between
the
Company
and
MedSmart
Healthcare
Network,
Inc.,
pursuant
to
which
the
Company
transferred
to
MedSmart
all
of
its
POWER{X}-related
assets. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | National
Health
and
Safety
Corporation
is
engaged
in
the
business
of
providing
health
care
products
and
services
to
the
general
public
on
a
discount
basis.
For
the
three
months
ended
3/31/01,
revenues
totalled
$13
thousand
up
from
$4
thousand.
Net
loss
before
extraordinary
item
totalled
$514
thousand
vs.
an
income
of
$37
thousand.
Revenues
reflect
the
sale
of
POWERX
to
MedSmart
Healthcare
Network,
Inc.
Higher
loss
was
offset
by
an
increase
in
general
and
administrative
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | James Kennard, 64 | CEO,
Director | Eugene Rothchild, 68 | Pres,
Director | Roger Folts, 61 | CFO,
Sec., Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|