20042003200220012000
CPS Announces Appointment of Senior Vice President-New Business Development

Memphis, TN (July 2, 2001)
-- Comprehensive Pharmacy Services, Inc., today announced the appointment of Walker Upshaw as Senior Vice President of New Business Development. Mr. Upshaw is a graduate of the University of Alabama, where he received his Bachelor of Science degree in Commerce and Business Administration, and a graduate of the Owen Graduate School of Management at Vanderbilt University, where he received his Masters of Business Administration.

With more than twelve years of healthcare sales and marketing experience, Mr. Upshaw brings with him a broad basis of business acumen. Mr. Upshaw has served in various sales, sales training and marketing management capacities in past companies that include LIFESIGNS Holdings, Johnson & Johnson and Allergan Pharmaceuticals.

Comprehensive Pharmacy Services provides management services to more than 260 different customers in 25 states. The core service capabilities of the company include turnkey hospital pharmacy management and consulting and management of one of the nation’s largest correctional pharmacy operations.


Contact:

Don Nickleson
Executive Vice President
CPS Inc.
901-748-0470

Mike Treadway
Chief Financial Officer
CPS Inc.
901-748-0470