It may have seemed that PASHealth put out a boring Corporate Update press release this morning, but this release could be huge news for our members who have decided to become a shareholder of the company.

The first part of the press release contains some solid news in itself, where they mention that their sales for the six month period ending April 30, 2008 compared to the same period last year (2007) increased by 80%. This shows that they are curently experiencing phenomenal growth.

There was some other stuff in the middle that was good, but the most exciting part is this:

“We recently started 3 different pilot programs with 3 major Home Healthcare Agencies located in North America, with over 35,000 nurses combined, and so far the feedback has been extremely positive. We are currently beginning contract discussions with one of the major Home Healthcare Agencies.”

If you studied the PASHealth Stockumentary (which if you haven't, you should do so now by CLICKING HERE), you would know that they were currently in a pilot program with Americare, which has over 7,000 nurses in North America. What we didn't know, was that they have initiated two more pilot programs with two other major Home Healthcare Agencies, which total 35,000 nurses.

We also didn't know that they are currently beginning contract discussions with one of the major Home Healthcare Agencies! The magnitude of this press release is phenomenal. They are negotiating a contract with a major Home Healthcare Agency!

Remember that for every license that is signed with PASHealth, it will generate the company around $10,800 over a 36 month period.

Now if PASHealth were able to close 100% of these accounts, this could possibly equate to $378,000,000 in revenue for the company.

Now you and I know that is a little too optimistic, but let's just say they are able to get 5,000 out of the 35,000 possible nurses. That alone will equate to $54,000,000 in gross revenue!

This is what is so exciting from an investor's standpoint, when it comes to PASHealth.

I warned everyone that this was going to be an exciting time for our members and sure enough, right out of the gate, the company is bringing it to the table.

Congrats to the company for being on top of things.

Like I said earlier, if you have not watched the PASHealth Stockumentary, you need to do that ASAP!

This company is as real as it gets and it might be the last time we see it trading below $1 a share.

Below is the press release that was put out this morning:

Patient Access Solutions Inc. Corporate Update Tuesday July 8, 7:00 am ET HAUPPAUGE, NY--(MARKET WIRE)--Jul 8, 2008 -- Bruce Weitzberg, President and CEO of Patient Access Solutions Inc. (OTCBB:PASO), a leading provider of healthcare/financial processing solutions for the healthcare, homecare and dental industries , would like to present its shareholders with a Corporate update. Sales for the six month period ending April 30, 2008 compared to the same period last year (2007) increased by 80%. PAS has hired of a new VP of Sales with over 18 years of technology industry experience In early June 2008, PAS completed the second layer of integration between digital paper technology and the PAS web portal -- thereby, allowing full, seamless, eligibility and benefit verification transactions, from paper/pen through the PAS network to over 750 insurance companies and plans. In May 2008, PAS completed their new updated interactive claims analyzer web portal. This new portal allows healthcare providers to monitor claims status from submission to payment, all from their desktop computer. Additionally PAS has instituted ERA (Electronic Remittance Advice) which allows healthcare providers to receive payments from insurance companies via electronic wire in lieu of paper checks. We recently started 3 different pilot programs with 3 major Home Healthcare Agencies located in North America, with over 35,000 nurses combined, and so far the feedback has been extremely positive. We are currently beginning contract discussions with one of the major Home Healthcare Agencies. Bruce Weitzberg stated, "We will continue to keep you updated as our business progresses. As always, we appreciate your ongoing support and look forward to a very successful 2008!"