02.06.2006 19:28:00
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Health Net Federal Services Sponsors CSC Invitational in VA; Proceeds from Health Net Breakaway Club Benefit Fisher House
"The CSC took this event to another level when they committed todonate the proceeds from the Health Net Federal Services BreakawayClub to the Fisher House organization," said Steve Tough, president,HNFS. "Because Health Net Federal Services provides health careservices to the Department of Defense, supporting the Fisher House isan exemplary way of extending our care giving. We believe Fisher Houseis an extremely important organization, which provides the families ofour men and women of the armed forces home-like accommodations duringtheir family member's convalescence."
Fans attending the CSC Invitational on Saturday, June 3, will havethe opportunity to watch the race at the Health Net Federal ServicesBreakaway Club when they make a $20 contribution to the Fisher House.For this worthwhile donation in support of military families, fanswill receive bleacher seating, access to a tented seating area,cowbells, refreshments and door prizes. Children under age 4 get infree with a paying adult. The Health Net Federal Services BreakawayClub is conveniently located behind the Clarendon Metro escalators.Tickets can be purchased in advance atwww.arlingtonsports.org/breakaway.html.
In addition to sponsoring this event, HNFS also is pleased towelcome the Health Net Pro Cycling Team Presented by Maxxis to the CSCInvitational in Arlington, Va. For more information on the Health NetPro Cycling Team, go to www.teamhealthnet.com.
The mission of Health Net's giving program is "Supporting ThoseWho Support Our Military Heroes." Health Net believes that our servicemembers could not do what they do without the support of theirfamilies. We pledge, through charitable giving, to improve theirquality of life by supporting programs that help active duty andretired military families achieve a fit and healthy life and otherwisehonor their service to our nation.
About CSC and Arlington Sports
Computer Sciences Corporation (NYSE:CSC) is one of the world'sleading providers of Information Technology (IT) and Business Servicesas well as one of Northern Virginia's largest employers. CSC sponsorsTeam CSC, one of the top cycling teams on the ProTour. CSC also is theOfficial IT Partner of the Tour de France.
Arlington Sports, Inc. is a Virginia-based 501 c 3 non-profit,dedicated to the promotion and development of professional and amateurbike racing. For additional information, please visitwww.arlingtonsports.org.
About Health Net
Health Net Federal Services, a subsidiary of Health Net, Inc., hasa long history of providing cost-effective and quality managed healthcare programs for government agencies, including the Department ofDefense and Veterans Affairs. As the managed care support contractorfor the TRICARE North Region, Health Net provides health care servicesto over 3 million uniformed services beneficiaries, active andretired, and their families.
Health Net, Inc. is among the nation's largest publicly tradedmanaged health care companies. Its mission is to help people behealthy, secure and comfortable. The company's HMO, POS, insured PPOand government contracts subsidiaries provide health benefits toapproximately 6.6 million individuals in 27 states and the District ofColumbia through group, individual, Medicare, Medicaid and TRICAREprograms. Health Net's behavioral health services subsidiary, MHN,provides behavioral health, substance abuse and employee assistanceprograms (EAPs) to approximately 7.3 million individuals in variousstates, including the company's own health plan members. The company'ssubsidiaries also offer managed health care products related toprescription drugs, and offer managed health care product coordinationfor multi-region employers and administrative services for medicalgroups and self-funded benefits programs.
For more information on Health Net, Inc., please visit thecompany's Web site at www.healthnet.com. For more information onHealth Net Federal Services, please visitwww.healthnetfederalservices.com.
Cautionary Statements
Certain matters discussed in this release contain forward-lookingstatements within the meaning of Section 21E of the SecuritiesExchange Act of 1934, as amended, and Section 27A of the SecuritiesAct of 1933, as amended, that involve a number of risks anduncertainties. All statements, other than statements of historicalinformation provided herein, may be deemed to be forward-lookingstatements. These statements are based on management's analysis,judgment, belief and expectation only as of the date hereof, and aresubject to uncertainty and changes in circumstances. Without limitingthe foregoing, the words "believes," "anticipates," "plans,""expects," "may," "should," "could," "estimate," "intend" and othersimilar expressions are intended to identify forward-lookingstatements. Actual results could differ materially due to, among otherthings, rising health care costs, negative prior period claims reservedevelopments, trends in medical care ratios, issues relating toprovider contracts, operational issues, health care reform and generalbusiness conditions. Additional factors that could cause actualresults to differ materially from those reflected in theforward-looking statements include, but are not limited to, the risksdiscussed in the "Risk Factors" section included within the company'smost recent Annual Report on Form 10-K filed with the SEC and therisks discussed in the company's other periodic filings with the SEC.Readers are cautioned not to place undue reliance on theseforward-looking statements. The company undertakes no obligation topublicly revise these forward-looking statements to reflect events orcircumstances that arise after the date of this release.
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