Rite Aid's Fledgling Benefits Management Firm Hits Turbulence at Employee Benefits Conference in Anaheim

ANAHEIM, Calif., Nov. 3 As it attempts to boostits two-year old pharmacy benefits management company (Rite Aid Solutions) atthe International Foundation Employee Benefits conference in Anaheim, CA,problems continue to plague Rite Aid. The nation's third-largest drug chainis struggling with the integration of 1,854 newly acquired Brooks and Eckerdstores, a plummeting stock, a consumer fraud suit in New Jersey, andescalating labor disputes on both coasts. In addition, Rite Aid remains underthe watchful eye of federal billing fraud monitors through May 2008.

The International Foundation expects to draw some 5,000 participants toits 53rd Annual Employee Benefits conference, held Nov. 3-7 at the AnaheimConvention Center. Most attendees are involved in administering union healthcare and pension trusts.

At the opening of the International Foundation Employee Benefitsconference, a bicoastal labor coalition is inviting attendees to a receptionto learn more about Rite Aid, it's pharmacy benefits management service (PBM)and its aggressive anti-union actions. Food and beverages will be served.

All media is welcome and encouraged to attend. Photo ops available.

The labor coalition sponsoring the reception brings together 1199SEIU(Service Employees International Union), the nation's largest health careunion; ILWU, the International Longshore and Warehouse Union, and UFCW,(United Food and Commercial Workers).

A new website devoted to Rite Aid news will also hit cyberspace just intime for the conference. The ILWU sponsored site, www.riteaidinsider.com,tracks issues of concern to investors, consumers, and seniors. 1199SEIU alsohas a website for drugstore employees at www.riteaidworkerstogether.org.Sunday, Nov. 4, 2007 6 p.m.- 10p.m.Anaheim Marriott Ballroom700 West Convention Way, Anaheim, CA, 92802 (714) 750-8000A short formal presentation will start at 8:30 p.m.

SOURCE 1199SEIU; UFCW; ILWU

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