Access Plans 8-K Financial Statements and Exhibits

Exhibit 99.1

Basis of Presentation

On February 28, 2007, Alliance HealthCard, Inc. (the “Registrant”), a Georgia corporation merged with and into AHC – Benefit Marketing Acquisition, Inc., an Oklahoma corporation and a wholly-owned subsidiary of the Registrant (“Merger Sub”); BMS Holding Company, Inc., an Oklahoma corporation (“BMS”); the subsidiaries of BMS; and the stockholders of BMS (the “BMS Stockholders”). In connection with the Merger, BMS merged with and into Merger Sub, with Merger Sub consisting of Benefit Marketing Solutions, L.L.C. and BMS Insurance Agency, L.L.C. Merger Sub will also continue as the surviving entity as a wholly owned subsidiary of the Registrant. The combination was accounted for as a purchase with the Company as the acquired entity.

Under the terms of the Merger, all of the outstanding capital stock of BMS converted automatically into the right of the BMS shareholders to receive 10 million shares of the Registrant’s Common Stock, $.001 par value per share (“Registrant Stock”) in proportion to their respective ownership interests in BMS and promissory notes in the aggregate principal amount of $7,147,000 (the “Notes”). As a result of the Merger, the BMS stockholders (Susan Matthews, Brett Wimberley, and Danny C. Wright) will own 69% of Registrant’s outstanding Common Stock.

The accompanying pro forma consolidated condensed balance sheets reflect the financial position of the Company as of September 30, 2006 as if the transaction had been completed as of that date and the results of operations for the Company for the year ended September 30, 2006 as if the transaction had been completed as of October 1, 2005.

ALLIANCE HEALTHCARD, INC. AND SUBSIDIARIES

PRO FORMA CONSOLIDATED CONDENSED BALANCE SHEET

(unaudited)

	Alliance Healthcard, Inc. as of September 30, 2006			Benefit Marketing Solutions, L.L.C. as of September 30, 2006		Pro Forma Adjustments		Combined Pro Forma
Assets
Current assets
Cash and cash equivalents	$	1,102,807		$	1,940,178	$	—	$	3,042,985
Accounts receivable, net		251,133			1,563,451		—		1,814,584
Other current assets		287,983			—		—		287,983
		1,641,923			3,503,629		—		5,145,552
Notes receivable-related parties		—			293,445		—		293,445
Property and equipment, net		2,269			100,509		—		102,778
Goodwill		—			455,000		—		455,000
Other assets		39,637			9,351		—		48,988
Total assets	$	1,683,829		$	4,361,934	$	—	$	6,045,763
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable and accrued expenses	$	639,790		$	2,061,064	$	—	$	2,700,854
Deferred revenue		1,050,194			—		—		1,050,194
Line of credit		—			150,000		—		150,000
Total current liabilities	$	1,689,984		$	2,211,064	$	—	$	3,901,048
Stockholders’ equity		(6,155	)		2,150,870		—		2,144,715
Total liabilities and stockholders’ equity	$	1,683,829		$	4,361,934	$	—	$	6,045,763

ALLIANCE HEALTHCARD, INC. AND SUBSIDIARIES

PRO FORMA CONSOLIDATED CONDENSED INCOME STATEMENTS

(unaudited)

	Alliance Healthcard, Inc. as of September 30, 2006		Benefit Marketing Solutions, L.L.C. as of September 30, 2006		Pro Forma Adjustments		Combined Pro Forma
Net revenues	$	3,320,824	$	14,157,108	$	—	$	17,477,932
Direct Costs		1,228,061		10,047,869		—		11,275,930
Gross Profit		2,092,763		4,109,239		—		6,202,002
Marketing and sales expenses		255,502		—		—		255,502
General and administrative expenses		1,338,821		1,924,388		—		3,263,209
Operating income		498,440		2,184,851		—		2,683,291
Other income, net		14,748		67,000		—		81,748
Net income before income taxes		513,188		2,251,851		—		2,765,039
Deferred tax benefit		83,500		—		—		83,500
Net income	$	596,688	$	2,251,851	$	—	$	2,848,539
Per share data:
Basic income	$	0.13					$	0.20
Diluted income	$	0.13					$	0.19
Basic weighted average shares outstanding		4,524,263						14,524,263
Diluted weighted average shares outstanding		4,667,757						14,667,757