American Medical Alert Corporation Announces Acquisition of Answer Connecticut Inc.OCEANSIDE, N.Y. -- American Medical Alert 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 : 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 Answer Connecticut Inc. doing business as ACT Teleservices ("ACT"). ACT is a privately held 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 ) specializing in the provision of services to physicians, medical group practices and other healthcare and commercial providers in the New England Region. ACT's services are provisioned through call centers located in Connecticut and Massachusetts. Howard M. Siegel, Chief Executive Officer speaking on behalf of AMAC, commented, "ACT is the Company's sixth strategic acquisition and will expand our service area from the Mid-Atlantic to the New England Region. AMAC intends to retain ACT's call center locations, personnel and operations infrastructure. The addition of ACT will further aid AMAC toward its goal of becoming the leading provider of healthcare communication services throughout the Northeast Corridor. The acquisition of ACT is expected to be immediately accretive and will substantially add to our overall TAS revenue." Thomas Gelbach, ACT's President, stated, "I am pleased to join AMAC's family of TAS companies and believe the combined operations will enhance our ability to more effectively compete for business under the AMAC umbrella, particularly for larger, healthcare-based business. I look forward to participating in the ongoing growth strategy in this geographic area." About American Medical Alert Corp. AMAC is a healthcare communications company dedicated to the provision of support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other 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 several 24/7 Emergency Response and Telephone Answering Service (TAS) Communication Centers 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-KSB, the Company's Quarterly Reports on Forms 10-QSB, 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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