AHT Corporation Files Patent Infringement Lawsuit Against ProxyMed, Inc. Seeking Injunction and Damages.TARRYTOWN, N.Y.--(BUSINESS WIRE)--April 28, 1999-- AHT AHT Animal Health Trust (Suffolk, England) AHT American Hairless Terrier (dog breed) AHT After Hours Trading AHT Animal Health Technician AHT Anchor Handling Tug Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : AHTC AHTC Akademischer Hockey Und Tennis Club ) announced today that it has filed a lawsuit against ProxyMed, Inc. (NASDAQ: PILL) in connection with an infringement of AHT's two issued patents regarding the electronic management of prescriptions in physician offices. The lawsuit is aimed at ProxyMed's use of its electronic prescription management product PreScribe 2000 and other related products and services. The lawsuit seeks enforcement of AHT's patents and injunctive relief injunctive relief n. a court-ordered act or prohibition against an act or condition which has been requested, and sometimes granted, in a petition to the court for an injunction. against ProxyMed, its officers, agents and related customers. The lawsuit seeks an award of damages from ProxyMed to compensate AHT for ProxyMed's infringement of the patents identified in the suit. In addition, AHT is seeking an award of treble the damages found or assessed because of the willful nature of ProxyMed's infringement of the Company's patents. Jon Edelson, MD, AHT's Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President, stated, "Nearly three billion prescriptions were written last year in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Most of these prescriptions were written on paper pads and presented to pharmacies manually. But this is now changing. Physicians are embracing the use of computers and the Internet. In turn, both the prescription benefit management and pharmacy industries are embracing automation, with the goal of managing and receiving these prescriptions electronically from physician offices. We believe our patents represent significant assets in this rapidly evolving business sector. AHT," he added, "intends to leverage these and its other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. to its advantage in the expanding market for electronic prescription management." AHT Corporation (NASDAQ: AHTC) participates in the growing healthcare e-commerce market. The Company provides information technology enabling the electronic management of laboratory and prescription transactions. AHT's goal is to be a leading provider of Internet-based clinical e-commerce among physicians and healthcare organizations. For more information, please visit AHT's website at www.ahtech.com. (Effective February 1, 1999, Advanced Health Corporation changed the name under which it is conducting business to AHT Corporation and changed its NASDAQ stock symbol from ADVH to AHTC. This press release contains forward-looking information regarding AHT Corporation. The forward-looking statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenues and expenses, and products or service line growth may be significantly impacted by certain risks and uncertainties, including, but not limited to, failure of the clinical e-commerce industry to develop at anticipated rates, failure of the Company's clinical information technology products and services to gain significant market acceptance, competition and other economic factors. No assurances can be given as to the outcome of any pending lawsuits involving AHT. These forward-looking statements speak only as the date hereof, and the Company disclaims any intention or obligation to update these forward-looking statements in the future. Additional risks and uncertainties are described in AHT's public filings with the Securities and Exchange Commission. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion