Phyhealth Signs Agreement with Argus Dental to Provide Dental Services for Pilot HMO

MIAMI, May. 08 /PRNewswire/ --

MIAMI, May 8 /PRNewswire-FirstCall/ -- Physicians Healthcare Management Group, Inc. (Phyhealth) , a developer of health maintenance organizations (HMOs) in partnership with physicians, today announced that Phyhealth Plan Corporation, a wholly-owned subsidiary of Phyhealth, has signed an agreement with Argus Dental of Tampa, Florida to provide dental services for its Pilot HMO scheduled to be launched in the latter half of 2008.

Mr. Robert Trinka, chairman and chief executive officer, stated, "In keeping with our mandate to offer the highest quality, yet affordable healthcare to our members as we prepare to roll out our first Pilot HMO in the state of Florida, we are pleased to announce that Argus Dental has signed on as a provider of dental services. Argus' network consists of over 1,500 dental providers throughout Florida that have been credentialed according to the standards set forth by the National Committee for Quality Assurance and the Centers for Medicare and Medicaid Services. Argus' stringent screening process helps ensure that only the best dentists in the business are accepted into the plan. We are confident that members signing up for our Pilot HMO will receive the best care available to address their dental needs."

Dr. Nicholas Kavouklis, President and CEO of Argus Dental, commented, "Phyhealth shares our commitment to excellence and together we will provide comprehensive, yet affordable dental care in a community-based setting. A personalized, patient-centric approach to healthcare is beneficial and comforting to patients and we look forward to joining forces with Phyhealth as it brings its unique brand of healthcare to the Florida marketplace later this year."

About Physicians Healthcare Management Group, Inc.

Physicians Healthcare Management Group, Inc. (Phyhealth) is a developer of community-based health maintenance organizations (HMOs) that are owned and operated in partnership with the participating physicians. Phyhealth Plans are designed to deliver high-quality affordable healthcare by enabling physicians to assume end-to-end management of healthcare for their patients. The Phyhealth model empowers physicians to provide preventive healthcare and proactively manage their patients' general health by aligning incentives amongst the HMO, physician and the patient. Phyhealth intends to offer additional value-added products and services in cooperation with physicians, including medical malpractice insurance, local care facilities and wellness programs, as well as information technologies such as secure electronic medical records.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Additional information is available at: http://www.phyhealth.com .