Advanzeon Solutions, Inc.'s Wholly-Owned Subsidiary Pharmacy Value Management Solutions, Inc. and Clark Dodge and Company Commence Funding

TAMPA, Fla., July 21, 2014 /PRNewswire/ -- Advanzeon Solutions, Inc. (OTC:BB:CHCR) ("Advanzeon" or the "Company"), today announced that its wholly-owned subsidiary, Pharmacy Value Management Solutions, Inc. ("PVMS") and Clark Dodge and Company, Inc. ("Clark Dodge") has now commenced funding in accordance with their investment banking relationship established through a previously executed, best efforts engagement letter.

Pursuant to the terms of the engagement letter, Clark Dodge assisted PVMS in structuring both a bridge financing and an equity private placement.  Initial funding for the bridge financing has now commenced with the contemplation that the bridge will be followed by an equity private placement which will be conducted under Rule 501 of Regulation D under the Securities Act of 1933, as amended.  

Joseph DiMauro, CEO of Clark Dodge and Company, stated, "PVMS and its management team's national footprint, when coupled with its innovative pharmacy program, have convinced us that PVMS is a sound investment for our clients.  We are pleased to be working with PVMS on its bridge and equity private placement, and we look forward to a mutually beneficial, long-term relationship with the Company.  We believe its pharmacy model constitutes a next generation pharmacy benefits management program and will result in significantly curbing the cost of healthcare."

Simultaneously, the Company also reports that it has reduced its debt obligation to both of its institutional investors by approximately $2 million.  All funds utilized to reduce these obligations were internally generated.  The Company is in the process of restructuring its remaining approximate $500,000 debt with one of the institutional investors into a long-term debt.  It is also in the process of arranging, through its relationship with Southridge LLC (see Company press release dated June 3, 2014), for liquidation of the remaining approximate $500,000 debt with its other institutional investor.

Clark A. Marcus, Chairman and CEO of Advanzeon Solutions, Inc., stated, "We feel strongly that the relationship with Clark Dodge will enhance the growth potential of PVMS and its ability to bring its pharmacy program to the attention of the healthcare industry quickly and efficiently.   Management believes that as a result of the Company's relationship with Clark Dodge and its recent debt reductions, as well as the traction its pharmacy and behavioral health programs have received so far this year, the Company is now poised to move forward to the next level."

About Clark Dodge and Company, Inc.
Clark Dodge and Company, Inc. is a boutique investment firm and broker dealer that has built and implemented a client-centric business model which offers uncompromising service to corporations, institutions, and individuals. The company is headquartered in Harrison, NY with offices in Long Island, NY.  For more information, go to www.clarkdodgeandcompany.com.

About Advanzeon Solutions, Inc.
Established in 1969, Advanzeon provides behavioral health, substance abuse and pharmacy management services for employers, Taft-Hartley health and welfare Funds, and managed care companies throughout the United States.  Headquartered in Tampa, Florida, the Company focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches that address both the specific needs of clients and changing healthcare industry demands.  For more information, please call 813-288-4808 or contact us at [email protected].

Forward-Looking Statements

Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current beliefs and expectations of the Company's management, reflect numerous assumptions, and are subject to significant risks and uncertainties, many of which are beyond the Company's control.  If any of these underlying beliefs, expectations or assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.

These risk factors include, among others, the ability of the Company to maximize its market share with new pharmacy initiatives, the ability of the Company's new pharmacy cost-savings program to guarantee a 10% or more reduction in pharmacy costs, our ability to achieve expected results from new business and to revolutionize the pharmacy sector of the healthcare industry, the ability to obtain a performance bond on satisfactory terms, the ability of the Company's pharmacy program to promote greater medication adherence without restricting access to needed medications, technological advances, challenges in development of new products and services, new products and services developed by competitors, the Company's ability to provide superior patient care while increasing its business and margins as a result of implementing its pharmacy cost-savings program, general industry conditions and competition, general economic factors, global trends toward health care cost containment, the effect of governmental regulation, including pharmaceutical industry regulation, insurance regulation and health care legislation, varying trends in member pharmacy utilization, increases or variations in cost of care, seasonality, our ability to manage healthcare operating expenses, the profitability (if any) from capitated pharmacy contracts or other products, and the Company's ability to obtain additional financing.

Advanzeon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additional risk factors that could cause results to differ materially from those described in the forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K and the Company's other filings with the Securities and Exchange Commission (SEC), which are available at the SEC's website at www.sec.gov. 

SOURCE Advanzeon Solutions, Inc.