ACOM Solutions, Inc. Buys Assets of New Times Med, LLC; Creates Healthcare Division to Market Medical Reports System.

LONG BEACH, Calif. & TAMPA, Fla. -- ACOM Solutions, Inc., a world leader in the development and marketing of solutions to optimize business back office processes, has acquired the assets of New Times Med, LLC and has created the Electronic Medical Records Division to market the company's software to chiropractic and other diagnostic and/or treatment-related health service providers, it was announced today by Gregory T. Church, the ACOM vice president charged with oversight for the division's operations. Terms of the acquisition were not revealed, since both companies are privately held.

The chief assets acquired by ACOM are the RAPID and Spine Report software systems. RAPID enables practitioners to input diagnoses, patient treatment plans and notes, progress evaluations and other information on a tablet computer during the actual patient visit. Based on a common chiropractic chart, Spine Report generates a visual report of affected vertebrae and possible symptoms related to each vertebra. Input can be accomplished using standardized checklist templates and descriptions and handwritten notes as well as by keyboard.

From the combined input, the system uses integrated formats to generate concise, easily readable reports for insurance companies, attorneys and other involved parties, including cash-paying patients. Meanwhile, practitioners can reduce the amount of time devoted to report preparation by as much as 90 percent through RAPID's automation capabilities, Church said.

"This acquisition represents a major new opportunity for ACOM," he said. "In effect, it extends ACOM's general expertise in optimizing back office processes to a specialized field with pronounced needs for greater efficiency. RAPID's focus to date has been on the chiropractic community, but the basic engine of the software can be applied in other areas of the health care and therapy fields as well. It is well-known that health care costs are rising while providers simultaneously are under intense pressure from the costs of delivering care.

"RAPID has already proven its value in keeping the back office costs of chiropractors under control while actually helping to increase the ability of practitioners to see more patients and spend more time with each one."

According to Church, Division operations will continue to reside in Tampa under the direction of Cesar Barragan, founder and president of New Times Med. Plans call for retention of all New Times Med staff as well as for enlargement of facilities and a phased increase in the division's development and support staff.

According to Barragan, the new arrangement will enable him and his associates to more quickly fulfill long term objectives.

"We know from relationships with our customers and others that the RAPID system has enormous potential for application in many sectors," he said. "As a part of ACOM, we gain the advantages of a well-funded company with expertise selling into a variety of markets and we will also benefit greatly from the availability of a seasoned management team."

ACOM is an employee-owned company that has experienced consistent year-to-year growth and which has been continuously profitable for more than 10 years.

ABOUT ACOM SOLUTIONS, INC.

Now in its 21st year of business, ACOM is a leading software organization with offices and solution partners worldwide. The company develops, markets and implements advanced modular software systems for e-document management, e-payment management, B2B e-commerce management and e-purchasing management. Its award-winning solutions integrate seamlessly with enterprise applications such as ERP and CRM to optimize back-office and B2B processes. ACOM maintains corporate headquarters in Long Beach, California and iSeries (AS/400) division headquarters in Duluth, Georgia, and it has regional offices located in several major U.S. cities. For more information, visit www.acom.com.