On July 28, 2010, Comprehensive Care Corporation (OTCBB: CHCR) announced that they had taken "full control of CompCare de Puerto Rico". CompCare PR is specialty healthcare company based in San Juan, Puerto Rico, and now they "have been awarded a two-year contract from MMM Healthcare, Inc. (MMM) and PMC Medicare Choice, Inc. (PMC), two affiliated Medicare Advantage health plans serving approximately 185,000 members in Puerto Rico."

This is a big contract for CompCare as "the contract becomes effective on September 18, 2010, boosting CompCare’s total annualized revenues to over $70 million."

MMM Healthcare (MMM) is a health maintenance organization that provides high-quality Medicare Advantage health plans for nearly 130,000 elderly and special needs populations in Puerto Rico. PMC Medicare Choice (PMC) provides cost-effective, extended benefits to the Medicare population of 52,000+. 

CompCare PR will deliver customized mental health and substance abuse (MHSA) services and pharmacy management services, and other innovative health and wellness programs for Medicare members under MMM and PMC health plans. Clark Marcus, CompCare’s Chairman and Co-Chief Executive Officer stated:

“With the addition of the MMM and PMC contract to our other new contracts, our managed care program has now grown from a 2010 beginning point of approximately 750,000 members to a comfortably projected year-end membership population in excess of 1.2 million members, with top-line revenues growing from a beginning point of approximately $14 million to a comfortable year-end projection in excess of $70 million of annualized revenues. This equates to a growth rate of 500% in only nine months."

Other highlights include:

• CCPR plans to launch a full-service office in San Juan, Puerto Rico;
• CCPR will provide an on-site customer service call center, care management, claims processing and will also administer special patient requests, including 24/7 access to emergency services.
• The Puerto Rican operation will be managed and operated by approximately 40 newly hired employees from the San Juan area, as well as executive management who will relocate from the CompCare corporate office in Tampa.
• Future cost reduction plans include the implementation of a direct-to-patient outreach program to improve the quality of patient care and reduce hospital stays.

Orlando González, CPA, Esq., President of MMM and PMC, stated:

“We are pleased to have selected CompCare to partner with MMM and PMC following a competitive bidding process. The management team at CompCare understands the transition taking place in the healthcare industry and shares our vision for creating patient-centered and effective MHSA programs that are cost effective and promote long-term wellness. This partnership represents a very positive change for our members and gives both companies opportunity for growth.”

It has been a good summer for CHCR.

Full Press Release

First Berlin Equity Research has issued a "Buy" recommendation on Secure Alert (OTCBB: SCRA) with a price target of $0.40. This increases the price target of $0.28 in the recent Waterville Research Buy recommendation. The First Berlin report can be downloaded here. 

In addition, Secure Alert issued their quarterly earnings. The highlights showed that as a result of deploying its next generation TrackerPAL II(e) offender tracking devices, now "Made in the USA," SCRA has successfully exchanged 2,861 devices out of 4,010 prior generation devices deployed in the field through June 30, 2010 supporting revenues for the fiscal quarter ended June 30, 2010 of $3,079,226 an increase of 3% over its previous fiscal quarter ended March 31, 2010.

Highlights include:

• SCRA reported a gross profit of $1,363,765 and a gross margin of 44% for the third fiscal quarter ended June 30, 2010 compared to a gross profit of $788,143 or a gross margin of 25% for the same period ended 2009. 
• The net loss for the third fiscal quarter ended June 30, 2010 of $2,054,238 improved over the same period a year ago of $5,032,308, an improvement of $2,978,070, or 59%. 
• SCRA also reported Shareholders Equity of $3,869,330 for the third fiscal quarter ended June 30, 2010 compared to a Stockholders Deficit of $12,372,821 for the same period ended 2009, an improvement of $16,242,151.

Management stated that SCEA "is now well positioned to achieve planned growth within the expanding electronic monitoring marketplace through the delivery of unmatched reliability and quality of our intervention monitoring products and services."

Full SCRA Press Release



SecureAlert, Inc.  (OTCBB: SCRA) provides interactive offender monitoring solutions currently utilized by more than 625 corrections agencies across 35 states. SecureAlert’s products and services include a single-piece Global Positioning Satellite (“GPS”) tracking device - TrackerPAL™ - with embedded two/three-way voice communication technology, an interactive monitoring center that intervenes with offenders in real-time (available 24 hours per day, 365 days per year) and a web-based software platform using Google Maps™.  These technologies are used to monitor offenders on probation and parole, as well as those individuals released on pretrial.  SecureAlert introduced its offender monitoring products and services in 2006; since then, it has grown to $12.6 million in revenues in just three years. 

Currently, SecureAlert monitors approximately 15,000 offenders under case management and/or electronic monitoring services, having electronically monitored more than 38,000 individuals over the past three years. SecureAlert provides a cost-effective solution for agencies to monitor offenders. They offer either agency pay or offender pay options in order to accommodate customer-specific needs, program requirements and budgetary constraints.  SecureAlert bills agencies or offenders a daily monitoring fee, ranging from $4.50 to $15.00 per day, depending upon the solution service level provided.   

SecureAlert’s stated mission is to provide the most advanced intervention technologies and value-added service solutions in the global electronic monitoring marketplace, delivering reliable, easy-to-use offender management programs for corrections, law enforcement and re-socialization professionals.

Full Report @ Waterville Research

SCRA Landing Page @ ProActive Newsroom

PDF Report on SCRA

iFinix Corp. (Pink Sheets: INIX) is a diversified information technology company and a provider of real-time financial information and services to over a 1000 clients who are active traders in the securities industry. iFinix has established a product line that delivers financial and business information with streaming, real-time market data, news and analytics to professionals and active individual investors.

INIX Report Online

INIX Report - PDF Version

Max Media Group (PINK: MXMI) is the leading developer of providing monetized high-end, high impact social based online community markets. Max Media’s business model distinguishes itself by issuing revenue sharing cash payments to content providers, who historically have “worked for free”. As the internet’s content models shift in 2010 and beyond, Max Media is positioned to capture significant content, users, eyeballs and revenues from social networks like Facebook, YouTube, MySpace, Flickr and others. Max Media’s two major markets are: 

1. Premium collectibles (hot rod cars, exotic cars, premium boats and airplanes), and
2. User-generated social media news (Babelation.com).

Max Media Full Report