Comprehensive Care Corporation Names Kyle Chastain as Acting Chief Financial Officer

 Comprehensive Care Corporation Names Kyle Chastain as Acting Chief Financial
                                   Officer

PR Newswire

TAMPA, Fla., Dec. 16, 2013

TAMPA, Fla., Dec. 16, 2013 /PRNewswire/ --Comprehensive Care Corporation
("CompCare" or the "Company") (OTC BB: CHCR), a leading behavioral health,
substance abuse and pharmacy management provider for employers, Taft-Hartley
health and welfare Funds, managed care companies, third party administrators,
and union–sponsored benefit plans today announced that CompCare appointed Mr.
Kyle Chastain to serve as Acting Chief Financial Officer (CFO) to fill the
vacancy created with the departure of the Company's former CFO. The
appointment is effective December 16.

Mr. Chastain has an extensive financial and business management career. His
passion is helping companies become more efficient and profitable with a
unique ability to look at all critical business measures and processes to
identify business improvements. Mr. Chastain has served as Director of
Finance, Regional Controller or Business Process Consultant for several
publicly traded companies, including International Paper; Siemens
Westinghouse; Illinois Tool Works; Mosaic; and Schwarz Partners. He has his
CPA and CMA (certified management account) designations, an MBA in Finance as
well as ten other Information Technology certifications.

"It is with great pleasure and pride that we welcome Kyle to CompCare's
executive management team," stated Ramon Martinez, Acting President of
CompCare. Ramon added, "We have a proud heritage of service to the healthcare
industry, and we welcome bright, insightful and industrious people who are
willing to help us improve that service. Kyle is well equipped with the
knowledge, expertise and energy needed to immediately hit the ground sprinting
to help CompCare succeed. He will be instrumental in supporting our strategic
direction and growth. Moreover, Kyle will be particularly helpful with the
launch of our new pharmacy program in 2014."

Kyle Chastain stated, "I am excited to join CompCare and very much look
forward to collaborating with senior management to continue CompCare's
advancement and success. With its innovative pharmacy program as well as its
diverse portfolio of behavioral programs, I believe the Company is
well-positioned to capitalize on growth opportunities that offer tremendous
value not only to its clients and their members, but to its shareholders."

About Comprehensive Care Corporation
Established in 1969, CompCare 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, CompCare 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 visit our website at
www.compcare.com.

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 numerous assumptions and involve a variety of risks and
uncertainties, many of which are beyond CompCare's control that may cause
actual results to differ materially from stated expectations. These risk
factors include, among others, the ability of CompCare to maximize its market
share with new pharmacy initiatives, the ability of CompCare's new pharmacy
cost-savings program to guarantee a reduction in pharmacy costs, the ability
of CompCare's pharmacy cost-savings program to revolutionize the pharmacy
sector of the healthcare industry, CompCare's ability to increase its business
and margins as a result of implementing its pharmacy cost-savings program,
CompCare's ability to obtain a performance bond on satisfactory terms, the
ability of CompCare and its staff to execute its business plan, the ability
of CompCare to offer and sell any of its products at a profit, changes in
local, regional, and national economic and political conditions, the effect of
governmental regulation, competitive market conditions, varying trends in
member pharmacy utilization, our ability to manage healthcare operating
expenses, our ability to achieve expected results from new business, the
profitability, if any, from capitated pharmacy contracts or other products,
increases or variations in cost of care, seasonality, CompCare's ability to
obtain additional financing, and additional risk factors as discussed in the
reports filed by the company with the Securities and Exchange Commission,
which are available on its website at www.sec.gov. Any forward- looking
statement in this release speaks only as of the date on which it is made.
CompCare assumes no obligation to update or revise any forward-looking
statements.

Investor Contacts:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
940.262.3584

SOURCE Comprehensive Care Corporation

Website: http://www.compcare.com
 
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