ACCESS HEALTHNET, INC. ANNOUNCES $5 MILLION FINANCING AGREEMENT.WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--NOVEMBER 30, 1994-- ACCESS HEALTHNET, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (ELECTRONIC BULLETIN BOARD SYMBOL: ACSH ACSH American Council on Science and Health, Inc. ACSH Avionic and Control System Hardware ) announced today that it has completed an agreement with Data General Corporation and Ameritech for ACCESS Healthnet's inventory financing Inventory financing Used in the context of factoring and general finance to refer to loans to consumer product producers that use inventory as collateral. See also: Inventory loan. and national account programs. The initial agreement provides in excess of $5 million of financing for ACCESS Healthnet, Inc. over the next twelve months. Mr. Keith Berman, Chief Executive Officer of ACCESS Healthnet, Inc. stated, "Our progress in the healthcare information systems marketplace has afforded us, for the first time, to sign a financing agreement of this magnitude. The financing agreement with Data General Corp provides ACCESS with a necessary source of working capital to service the requirements of our fast growing national account program as well as provide us with the liquidity to fund our internal research and development efforts. Therefore, we should be able to introduce new products into the marketplace at a quickened pace." Mr. Berman concluded, "We are in the process of completing additional financing agreements Financing Agreements In the context of project financing, the documents which provide the project financing and sponsor support for the project as defined in the project contracts. which will be sufficient to fulfill the financing requirements of several of our new and pending national accounts." ACCESS HEALTHNET, INC. is a worldwide provider of healthcare information management and communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. and services to hospitals, clinical laboratories, clinics, HMOs radiology radiology, branch of medicine specializing in the use of X rays, gamma rays, radioactive isotopes, and other forms of radiation in the diagnosis and treatment of disease. centers and nursing homes.
CONTACT: Access HealthNet, Inc Lippert/Heilshorn & Assoc.
Michael McMahon Michele Fasano
805/373-7007 212/838-3777
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