HOUSTON--(BUSINESS WIRE)--June 22, 2006-- Intrepid Holdings, Inc. (OTCBB:ITPD) announced today that its Intrepid Healthcare Group has signed a letter-of-intent with Wal-Mart Stores, Inc. (NYSE:WMT) to lease space in Wal-Mart stores and Supercenters in several markets. Intrepid Holdings, Inc. will build and operate Healthy Access medical clinics in these leased spaces beginning in the 3rd quarter of this year. At this time, Intrepid Holdings, Inc. plans to open clinics in Wal-Mart stores and Supercenters in Texas, as well as the District of Columbia area, over the next 12-15 months.