SCOTTSDALE, Ariz., Sept. 24 MedCom USA, Inc.(OTC Bulletin Board: EMED), a leading provider of HIPAA compliant healthcareand financial transaction solutions for the healthcare industry, has completedthe asset purchase of PayMed USA, LLC and Absolute Medical Software Systems,LLC. PayMed USA and Absolute Medical are leading providers of PracticeManagement, Electronic Medical Records, and Revenue Cycle Management softwareto Hospitals, Surgery Centers and Physician Practices.
Mr. Bill Williams, CEO of MedCom USA stated, "This move strengthens ourmedical technology portfolio in the healthcare industry. We are very pleasedto announce that Mr. Michael DeLaGarza who was President and CEO of AMSS andPayMed will be the President of MedCom USA, Inc.. Mr. DeLaGarza, who hasworked in the medical industry for over 25 years and has extensive contactsthroughout the industry, will bring his experience and leadership to ensurethat MedCom will expand and become a major player in the medical technologyspace. MedCom will continue to look to acquire other companies that complementour business, help us grow, and offer our clients a comprehensive range ofservices."
Mr. Michael DeLaGarza, President of MedCom stated, "My goal has alwaysbeen to provide medical providers with the resources they need so that theycan focus squarely on their patients instead of technology. Joining forceswith MedCom, allows us to aggressively grow the business and dramaticallyincrease shareholder value. MedCom, PayMed and Absolute Medical are all webbased software platforms, and therefore, the integration of the companies willprogress very quickly. We have the ability to lower operating costs for allthree companies, and plan to market our combined products and services to bothnew and current customer bases.
"AMSS products are currently used by hospitals, surgery centers, imagingcenters, clinics, Medical Service Organizations and Central Business Officesaround the country. We've taken the lessons learned from our customerssuccesses and combined it with integrated and customized components to craft aworld-class, software operating solution that allows our clients tosignificantly Lower Operating Costs, Improve Staff Efficiencies, and generateImprove Cash flows." http://www.paymedportal.com:http://www.absolutemedicalsoftwaresystems.com.
MedCom's products offer real-time Patient Eligibility and a suite ofpayment options which include Credit/Debit, Easy Pay and Check Guarantee/EFTall delivered through its online web portal, http://www.medcomconnect.com. Forfurther information on MedCom USA Inc. http:/www.medcomusa.com
Certain statements in this press release that are not historical facts are"forward-looking statements" within the meaning of the Private SecuritiesLitigation Reform Act of 1995. Such statements may be identified by the use ofwords such as "anticipate," "believe," "expect," "future," "may," "will,""would," "should," "plan," "projected," "intend," and similar expressions.Such forward-looking statements involve known and unknown risks, uncertaintiesand other factors that may cause the actual results, performance orachievements of Card Activation Technologies, Inc. (the Company) to bematerially different from those expressed or implied by such forward-lookingstatements. The Company's future operating results are dependent upon manyfactors, including but not limited to the Company's ability to: (i) defend itspatent; (ii) build the management and human resources and infrastructurenecessary to support the growth of its business; (iii) competitive factors anddevelopments beyond the Company's control; and (iv) other risk factorsdiscussed in the Company's periodic filings with the Securities and ExchangeCommission, which are available for review at http://www.sec.gov under "Searchfor Company Filings."
SOURCE MedCom USA, Inc.