Thursday, January 14, 2010

Al Sousa has signed LOI for 45 P2O sites in FL

AL SOUSA, JBII's FIRST MAJOR P2O CUSTOMER

Al Sousa is an ex-VP of a New York Stock Exchange company (Horizon/CMS, NYSE: HHC) that got bought out for $1.8 billion.

From the December 22 PR:

"Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.....In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million.

His division had seven business segments in sixteen states with approximately 2,800 employees."

http://finance.yahoo.com/news/JBI-Inc-Executes-JV-LOI-With-pz-2815913867.html?x=0&.v=1

Found on the Web:

"Al's most significant results were achieved as Vice President of the Medical Service Division of Horizon/CMS Corp....The Medical Service Division was a startup in July of 1993, achieving annualized revenue of $100 million by November 1997, with operations in seven business segments in sixteen states, and approximately 5,000 employees. This operation was also responsible for the development and oversight of Horizons specialty care units representing an additional $28 million in annualized revenue."

http://www.repertoiremag.com/Article.asp?Id=1469

http://www.rtmagazine.com/issues/articles/2003-02_10.asp

Proof that Horizon/CMS was bought out for $1.8 billion:

"HealthSouth made its largest acquisition yet when it purchased Horizon/CMS for $1.8 billion in 1997."
http://en.wikipedia.org/wiki/HealthSouth

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