Update on Delay in Filing of Annual Financial Statements by Comprehensive Healthcare Systems Inc.

Comprehensive Healthcare Systems Inc. (CHS), a leading healthcare benefits administration software and services company, is facing delays in filing its annual audited financial statements for the fiscal year ended December 31, 2023. The company was supposed to file these documents by April 29, 2024, but due to non-payment of audit fees, the formal audit process has not yet begun.

CHS has been working internally to prepare the financial statements and has been in discussions to raise additional capital. However, as of now, no firm commitments have been received from investors. In light of the delay in filing the annual statements, the company intends to comply with alternative information guidelines to ensure transparency for investors.

Despite the challenges, CHS wants to assure stakeholders that it is not facing insolvency proceedings and there are no undisclosed material issues affecting the company at this time. The company’s Novus 360 Healthcare Welfare and Benefits Administration (HWBA) SaaS platform continues to be a reliable solution for healthcare benefits administration.

Investors are advised to exercise caution when considering forward-looking statements from the company, as there are known and unknown risk factors that could impact CHS’s financial performance. The company emphasizes that it will provide updates as required by law.

For further information, interested parties can contact Chris Cosgrove, Chief Executive Officer of Comprehensive Healthcare Systems Inc., via email at chris.cosgrove@comphealthcare.com or by phone at 1-732-362-2010.