American Medical Alert Corp. Announces Acquisition of Two Chicago, IL Telephony Based Communication Companies.Company Consummates Latest Acquisitions Continuing Its Successful Strategy to Expand TBCS TBCS The Bear Creek School TBCS The Best Case Scenario TBCS Tampa Bay Club Sport TBCS Traverse Bay Community School (Michigan) TBCS Thread-Based Composite System TBCS Tabora Beekeepers' Co-operative Society (Tanzania) Division OCEANSIDE, N.Y. -- American Medical Alert Corp. (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 : 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 ), a provider of healthcare communication services and advanced home health monitoring technologies, announced today the acquisition of the operating assets Operating Assets Another term for working capital. of two Chicago based companies: American Mediconnect, Inc. ("American Mediconnect") and Phone Screen, Inc ("Phone Screen"). Both entities are privately held under common ownership. American Mediconnect, is a telephone answering service answering service n. A business service that answers its clients' telephone calls and conveys messages to the clients. ("TAS TAS abbr. 1. telephone answering system 2. true airspeed ") primarily focused in the provision of traditional answering services to hospitals, physicians, medical group practices and other healthcare providers. Phone Screen specializes in providing call center and compliance monitoring services to pharmaceutical companies and clinical resource organizations that run clinical trials. The Phone Screen business was founded over fifteen years ago and is a recognized provider of these specialty services. Phone Screen is expected to considerably expand its footprint in this niche market A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. through AMAC's operating infrastructure and marketing capability. Howard M. Siegel, Chief Executive Officer speaking on behalf of AMAC, commented, "American Mediconnect, Inc. marks our ninth TAS acquisition, and exemplifies the Company's successful expansion of the TBCS division to the Midwest. Chicago is a great city and a logical next step for our call center geographic expansion plan. We are equally excited about the opportunity created by the acquisition of Phone Screen. The provision of specialty call center services for the pharmaceutical industry is a natural extension of our current healthcare communication services offerings. As we conclude our sixth year as a TBCS provider, AMAC has successfully cultivated a market leadership position in the call center industry. The TBCS segment now accounts for approximately 50% of the Company's gross revenues and significantly contributes to the Company's overall profitability. The Company believes this acquisition will continue to bolster its objective and be accretive in its first year of operation under the AMAC umbrella." Joe Sameh, speaking on behalf of, American Mediconnect and Phone Screen commented; "We are very happy to be joining the AMAC family. Our respective competencies in healthcare communications services are complementary to AMAC, providing new value to the core offering. Together we will be able to strengthen our ability to provide superior healthcare communications to doctors and hospitals, and significantly expand our call center and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for the pharmaceutical industries. We look forward to our new relationship with excitement for the broad possibilities ahead." About American Medical Alert Corp. AMAC is a healthcare communications company dedicated to the provision of support services to the healthcare community. AMAC's product and service portfolio includes Personal Emergency Response Systems (PERS a. 1. Light blue; grayish blue; - a term applied to different shades at different periods. ) and emergency response monitoring, electronic medication reminder devices, disease management monitoring appliances and healthcare communication solutions services. AMAC operates eight communication centers under local trade names: HLINK OnCall, Long Island City, NY, North Shore TAS, Port Jefferson, NY, Live Message America, Audubon, NJ, ACT Teleservice, Newington, CT and Springfield, MA, MD OnCall, Cranston RI and Capitol Medical Bureau Rockville, MD, American MediConnect and Phone Screen Chicago, IL to support the delivery of high quality, healthcare communications. 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-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , the Company's Quarterly Reports on Forms 10-Q, and other filings and releases. These include uncertainties relating to government regulation, technological changes, costs relating to ongoing FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. remediation efforts, our expansion plans, our contract with the City of 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 and product liability risks. |
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