PRZ Paincare Holdings,

IPS's Privileged Provider Network to Offer Pain Care and Treatment to Patients in Devon Health's Primary Service Region covering Pennsylvania, New Jersey and Delaware ORLANDO, Fla., Jan. 22 /PRNewswire-FirstCall/ -- Integrated Pain Solutions, LLC (IPS), a wholly owned subsidiary of PainCare Holdings, Inc. (AMEX:PRZ), today announced that it has signed a national service agreement with Devon Health Services, Inc., a noted national healthcare cost management company based in King of Prussia, Pennsylvania. IPS will provide Devon Health access to its national privileged network, focused specifically on administering care and treatment from its multi-disciplinary network of highly credentialed physicians that work together to ensure that patients get the proper pain management for work related injuries and pain issues, while simultaneously reducing costs for payors. Initial concentration will be on serving patients in Devon Health's primary service region covering Pennsylvania, New Jersey, and Delaware. Devon Health is a national leader in the managed care marketplace, focused on providing highly effective healthcare cost management solutions and expert guidance to its client base comprised of the country's top third party administrators, insurance companies, unions and other self-funded payors. Brian D. Atkinson, Chief Operating Officer of Devon Health, stated, "Since our founding in 1991, Devon Health has earned industry respect and recognition through our progressive approach and execution of strategies designed to help our clients successfully navigate, adapt to and combat the rising cost of quality healthcare. Given IPS' specific expertise in the field of pain- centric care, treatment, follow-up and analysis, we believe they bring a powerful and highly innovative dimension to Devon Health's overriding value proposition to our clients - particularly in the management of escalating Workers' Compensation cost." Katie White, IPS President, added, "We are very proud to welcome Devon Health to IPS' growing national customer base, because both Devon Health and IPS share a commitment to materially improving the standard of care for patients, while also containing costs for payors. This is an ideal partnership of strength, sure to benefit the collective patients, payors and providers we will be working together to serve." About Devon Health Services, Inc. Devon Health Services, Inc. is a National Healthcare Cost Management Company offering complete healthcare benefit packages, including a national PPO network, Pharmacy, Dental, Vision, Workers' Compensation, and Motor Vehicle PPO networks, and Claims Settlement Services. Devon Health was founded in 1991 by John A. Bennett, M.D., an Internal Medicine physician. The company is headquartered in King of Prussia, Pennsylvania. About Integrated Pain Solutions (IPS) Integrated Pain Solutions (IPS), a wholly owned subsidiary of PainCare Holdings, Inc., is the first and only managed services organization offering a multidisciplinary healthcare network focused on pain management to payor organizations, such as insurance and workers' compensation carriers and unions. IPS reduces costs and increases quality of life by providing highly credentialed physicians and centers of excellence on pay-for-performance incentives, a continuum of care that begins with care coaching, a shared financial and clinical data warehouse, and evidence-based clinical outcome measurements to determine the most effective pain-management plan. For more information, please visit http://www.integratedpainsolutions.net/. About PainCare Holdings, Inc. Headquartered in Orlando, Florida, PainCare Holdings, Inc. is one of the nation's leading providers of pain-focused medical and surgical solutions and services. Through its proprietary network of acquired or managed physician practices and ambulatory surgery centers, and in partnership with independent physician practices and medical institutions throughout the United States and Canada, PainCare is committed to utilizing the most advanced science and technologies to diagnose and treat pain stemming from neurological and musculoskeletal conditions and disorders. Through its wholly owned subsidiary, Caperian, Inc., PainCare offers medical real estate and development services. Through Integrated Pain Solutions, the Company is engaged in pioneering the nation's first Managed Services Organization that offers a multi-disciplinary healthcare network focused on the treatment of pain. For more information on PainCare Holdings, please visit http://www.paincareholdings.com/. Safe Harbor Statement This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements, which may include statements regarding our future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses, future operating margins and other future or expected performance, are subject to the following risks: the acquisition of businesses or the launch of new lines of business, which could increase operating expenses and dilute operating margins; the inability to attract new patients by our owned practices, the managed practices and the limited management practice; increased competition, which could lead to negative pressure on our pricing and the need for increased marketing; the inability to maintain, establish or renew relationships with physician practices, whether due to competition or other factors; the inability to comply with regulatory requirements governing our owned practices, the managed practices and the limited management practices; that projected operating efficiencies will not be achieved due to implementation difficulties or contractual spending commitments that cannot be reduced; and to the general risks associated with our businesses. In addition to the risks and uncertainties discussed above you can find additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements in the reports that we have filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent our judgment as of the date of this release and you should not unduly rely on such statements. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise after the date of this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in the filing may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. FOR MORE INFORMATION, PLEASE CONTACT: Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist Elite Financial Communications Group 407-585-1080 or via email at DATASOURCE: Integrated Pain Solutions, LLC CONTACT: Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist, of Elite Financial Communications Group, +1-407-585-1080, Web site: http://www.paincareholdings.com/ http://www.integratedpainsolutions.net/

Copyright