AMAC Announces Pending Extension of Existing New York City Contract; Human Resources Administration Plans to Re-Issue Requests for Proposals for Personal Emergency Response Services.OCEANSIDE, N.Y. -- American Medical Alert Corp. ("AMAC AMAC Adults Molested As Children AMAC Assistance to Mine-Affected Communities AMAC Aircraft Monitor And Control AMAC Approximate Message Authentication Code AMAC American Military Arms Corporation AMAC Asset Management Assistance Center "), which supplies personal emergency response systems ("PERS a. 1. Light blue; grayish blue; - a term applied to different shades at different periods. ") to Medicaid eligible individuals through the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Home Care Services Program, announced today that the City of New York's Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. Administration ("HRA HRA Health Reimbursement Arrangement HRA Health Risk Assessment HRA Housing and Redevelopment Authority HRA Human Resources Administration HRA Health Reimbursement Account HRA Housing Revenue Account ") has canceled its request for proposals ("RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. ") process seeking PERS services issued in December 2002. HRA has stated that it plans to issue a new RFP with respect to PERS services in the near future. As a result, HRA has advised AMAC that it will continue to provide service at current rates until a contract is awarded pursuant to a new RFP. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. HRA, the RFP is being cancelled "in the best interest of the City". HRA has further advised AMAC that it will issue the Company a new contract extension for the period through June 30, 2005, under the current terms. The current service is more extensive than the service specified under the December 2002 RFP; accordingly the prevailing monthly reimbursement rate is higher than the monthly rate which was contemplated in AMAC's RFP response. AMAC cannot determine (i) when the terms of the new RFP will be published, (ii) what the terms of the new RFP will be, (iii) how long the current contract terms will remain in effect or (iv) whether AMAC will be the successful bidder on the new RFP (and if so, under what terms and conditions). The HRA contract currently represents 15% of AMAC revenues. Speaking on behalf of American Medical Alert Corp, Howard M. Siegel, Chief Executive Officer, stated-- "The Company has been assured by HRA that the decision to cancel the RFP is not related to any performance issue or a negative reflection upon the Company. The Company believes that as the incumbent provider of service for more than 20 years, with high performance evaluations Performance evaluation The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return and state of the art technology, AMAC is uniquely qualified to respond to any new RFP." About American Medical Alert Corp. AMAC is a national provider of remote health monitoring devices and 24/7 communication services designed to promote early medical intervention and improve quality of life for senior, disabled and chronically ill populations. AMAC's product and service offerings include Personal Emergency Response Systems (PERS), electronic medication reminder devices, disease management monitoring appliances and 24/7 medical on-call and emergency response monitoring. AMAC operates several National Medical On-Call and Communication Centers allowing access to trained response professionals 24/7. This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements may be identified by the use of forward-looking terminology such as "may," "will," "expect," "believe," "estimate," "anticipate," "continue," or similar terms, variations of those terms or the negative of those terms. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-KSB, the Company's Quarterly Reports on Forms 10-QSB, and other filings and releases. These include uncertainties relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc government regulation, technological changes, our expansion plans and product liability risks. |
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