SunTrust Banks, Inc. (NYSE:STI) announced that Larry L. Prince and Karen Hastie Williams plan to retire from the company's Board of Directors this year. In addition, the company announced that Kyle Prechtl Legg has been nominated to stand for election at the Annual Meeting of Shareholders in April. Mr. Prince has reached retirement age for directors. Ms. Williams intends to devote more time to her personal and other professional interests. Both will serve as directors through the 2011 annual meeting but will not stand for re-election to the Board. "Karen Williams and Larry Prince have served with distinction and faithfully represented the interests of the clients, shareholders and employees of SunTrust throughout their tenure," said James M. Wells III, SunTrust Chairman and CEO.
SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients.
National Health Partners, Inc. (OTCBB:NHPR) designs and offers National Health Partners’ discount healthcare membership programs for uninsured and underinsured individuals. National Health Partners’ membership programs encompass all aspects of healthcare, including physicians, hospitals, ancillary services, dentists, prescription drugs, vision care, hearing aids, chiropractic services, alternative care, 24-hour nurseline, medical supplies and equipment, and long-term care facilities, which include skilled nursing facilities, assisted living facilities, respite care and home health care. National Health Partners offers our programs through a national healthcare savings network called CARExpress.
National Health Partners provides our members with access to over 1,000,000 healthcare providers through our agreements with CareMark, Aetna Dental Access NetworkSM, Optum, Integrated Health, Three Rivers and International Med-Care, which are some of the largest and most prestigious national healthcare networks in the country. These providers represent more than 70% of all practicing doctors and surgeons, 65% of all acute care hospitals and 95% of all pharmacies in the United States. National Health Partners sells its CARExpress membership programs directly and indirectly through a variety of marketing and distribution partners. National Health Partners’ programs typically range in price from $9.95 to $39.95 per month, depending upon the program selected.
National Health Partners also offers features to encourage potential members to try out National Health Partners’ CARExpress membership programs, including refund guarantees and “trial” periods of free or discounted membership. Healthcare products and services are bundled, priced and marketed utilizing relationship marketing strategies to target the profiled needs of our customers. The discounted prices paid by National Health Partners’ members typically range from 20% to 50% off providers’ usual and customary fees. These discounts are designed to save the individual substantially more than the cost of the program itself. National Health Partners’ CARExpress membership programs are not insurance. There is no undertaking by National Health Partners to pay a portion of any fee for services or prescriptions purchased using National Health Partners’ CARExpress membership cards.
Rather, National Health Partners’ CARExpress membership programs provide consumers with access to healthcare providers who, through their affiliations with PPOs, have agreed in advance to honor National Health Partners’ CARExpress membership cards and accept the discounted fees set by the PPOs. National Health Partners’ CARExpress membership programs require members to pay the provider at the time of service, thereby eliminating the need to file any insurance claims. CARExpress members simply present their CARExpress membership card to the participating provider at the time of the service to receive the discounted price.
LTC Properties Inc. (NYSE:LTC) announced that it has entered into a purchase agreement to acquire one skilled nursing property with 98 licensed beds and an adjacent property that provides a continuum of care comprising 20 licensed skilled nursing beds, 40 assisted living units, 34 independent living units and 19 cottages and patio homes. The properties are located in South Carolina and the aggregate purchase price is $11,450,000. The transaction is scheduled to close on or about February 28, 2011. Simultaneous with the purchase, the Company will lease the properties, under a 10-year triple net master lease, to an unrelated third-party operator.
LTC Properties is a self-administered real estate investment trust that primarily invests in long-term care and other health care related facilities through mortgage loans, facility lease transactions and other investments.
First Potomac Realty Trust (NYSE:FPO) announced that Douglas J. Donatelli, Chairman and CEO of First Potomac was named the 2011 Private Sector TrendSetter of the Year by Transwestern. Each year, Transwestern and its research affiliate, Delta Associates, along with sponsors PNC Bank and Baker Tilly, honor an individual, or individuals, who made noteworthy contributions to the commercial real estate industry as a whole, and to the Washington metropolitan area in particular.
Headquartered in Bethesda, Md., First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning, operating, developing and redeveloping office and industrial properties in the greater Washington, D.C. region.
Orofino Gold Corp. (PINK:ORFG) is pleased to announce the appointment of Mr. Salvador Rivero to the Orofino Gold’s Board of Directors. Mr. Rivero brings to Orofino Gold a wealth of knowledge in the areas of business, corporate finance, and mining operations. After graduating from law school in Mexico, Mr. Rivero spent the next 25 years developing a thorough understanding of the processes necessary to successfully discover, acquire, and develop, mineral concessions with the potential of containing valuable mineral deposits.
Considered by Orofino as an acquisitions specialist, Mr. Rivero has been involved in the development of various turn-key projects in mining, energy, fertilizer, oil and gas, and shipping sectors. Orofino Gold is a China based gold producer, founded as a private company in 2009 by former executives with over 50 cumulative years in mining exploration, finance, and development expertise. Orofino Gold’s corporate objective is to continue to build shareholder value through the exploration and development of Senderos de Oro and additional accretive acquisitions, capitalizing on the extensive experience and relationships that management has developed over the past 25 years.
Mr. Rivero founded and directed Constructora y Perforadora Marina, S.A. de C.V., and Kaiser International, S.A. de C.V., Ultramar Bancorp Inc., Ultramar Capital Plc. and First Mercantile Bank Ltd. From 1998-2000, Mr. Rivero was responsible for acquiring, developing, and putting into production a silver mine in Sinaloa for Real de Panuco, S.A. de C.V. He was also a member of the Board of Directors of the Canadian mining company Golden Temple Mining and the Mexican mining company Minas Kaiser, S.A. de C.V. Until recently, Mr. Rivero acted as the President and served as a Director of Oroco Resource Corp, a mining corporation trading on the TXS-V. During that time, Mr. Rivero was responsible for the successful acquisition of Oroco’s mining properties in Mexico. At Orofino Gold, Mr. Rivero, a Spanish-speaking executive, will assist in overseeing the acquisition of new properties.
In addition, Mr. Rivero will utilize his extensive international experience in development and selection of partners for the progression toward large-scale production. Mr. Rivero will play a key role in the development of the properties in Orofino Gold’s current Senderos de Oro gold camp in the mining area of central Sur de Bolivar, a project area comprised of more than 3000 hectares of mineral concessions in Colombia’s highest producing artisanal mining region.
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