Advanced Health Corporation Believes Previously Announced Complaint is Without Merit and Expects No Impact from Limited Temporary Restraining Order.TARRYTOWN, N.Y.--(BUSINESS WIRE)--Nov. 5, 1998--Advanced Health Corporation (Nasdaq:ADVH) and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Advanced Health Technologies believe that Bukstel & Halfpenny, Inc.'s (BHI BHI Baker Hughes Incorporated BHI Brain Heart Infusion (agar) BHI Better Hearing Institute BHI British Horological Institute (UK) BHI Boots Healthcare International BHI Branch If Higher ) previously announced complaint is entirely without merit. Advanced Health Corporation has filed a motion to have the action dismissed and to have sanctions imposed against BHI's counsel based on the frivolous nature of its claims. BHI, a corporate "shell," is currently under the control of Edward Bukstel, a former Advanced Health Technologies employee who was discharged by the Company in April, 1998. Charles Halfpenny, a co-founder and former Director of BHI and the chief developer and architect of Dr. Chart(tm) and all related software at BHI, continues to be employed by Advanced Health Technologies and continues to be a major contributor to the development of Dr. Chart(tm) and related software. The Company expects that a limited, temporary restraining order temporary restraining order: see injunction. related to BHI's complaint will neither have any impact on Advanced Health Technologies' ability to perform its work and obligations nor have any adverse impact on new or existing customers of Advanced Health Technologies in the ordinary course of its business. In addition, the temporary restraining order has no affect on Advanced Health Technologies' ownership of its software, including Dr. Chart(tm) and related software. The limited, temporary restraining order issued by a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State court enjoins Advanced Health Technologies from transferring software source code for Dr. Chart(tm) and related software products or entering into new contracts which would have software source code escrow (software) source code escrow - An arrangement where some source code is held in escrow by a third party as long as it is supported by the vendors, but should they cease to support it, it becomes the property of the purchasers so that they can arrange for its continued maintenance. provisions, without the court's permission through November 17, 1998. Such transfer or escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. would not be expected to occur in the ordinary course of Advanced Health Technologies' business. Advanced Health is a leading health care services company that vertically integrates outsourcing services with clinical information systems. Through its Advanced Health Management subsidiary, the Company provides outsourcing services to independent and hospital-affiliated physician practices and networks. Through its Advanced Health Technologies subsidiary, the Company provides clinical information solutions to health care organizations. These information systems provide physicians and integrated delivery systems integrated delivery system Integrated provider Medical practice A coordinated health care system formed by physician groups and hospitals which ↑ efficiency and ↓ redundancy in providing health care; IDSs coordinate delivery of a broad range of health with patient-specific clinical and health plan information at the point of care to improve the quality and reduce the costs of health care. This press release contains forward-looking information. 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 may be significantly impacted by certain risks and uncertainties. No assurances can be given as to the outcome of the lawsuit. Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission. |
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