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BackGenesis, Inc. Acquires eCare Solutions, Inc. With Annual Revenues of $11 Million.


Business Editors

COLUMBIA, S.C.--(BUSINESS WIRE)--March 21, 2000

BackGenesis, Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:BACK), announced today that it has purchased eCare Solutions, Inc. ("eCare"), an Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 Applications Services Provider, specializing in the clinical and business processes of healthcare delivery. eCare had annual revenues of approximately $11 million in 1999. Pursuant to the plan of merger, BackGenesis, Inc. adopted the business plan of eCare Solutions and will change its name to eCare Solutions with the closing of the merger. Backgenesis, Inc. has also divested itself of the Valley Pain Center facilities prior to the closing with eCare.

Ronald Mills, Chairman and 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.  of eCare Solutions, Inc., announced the appointment of Betty C. Jones as President of eCare Solutions, Inc. Ms. Jones has extensive experience in healthcare Information Management. During her career she has served as Director of Managed Care, Ambulatory Care ambulatory care
n.
Medical care provided to outpatients.


ambulatory care,
n the health services provided on an outpatient basis to those who can visit a health care facility and return home the same day.
 Consultant, Senior Health Program Analyst in the Office of The Assistant Secretary of Defense (Health Affairs), and Health Program Director in the Office of the Surgeon General The U.S. Surgeon General is charged with the protection and advancement of health in the United States. Since the 1960s the surgeon general has become a highly visible federal public health official, speaking out against known health risks such as tobacco use, and promoting disease  of the Army.

Ms. Jones stated, "The eCare core set of modular applications is designed to connect physicians, patient/consumers, payors and e-commerce partners. The eCare applications will provide medical practices the tools they need to manage healthcare information, streamline administrative processes, and empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems  patients to participate in their care management and health maintenance."

Certain statements and information included in this press release constitute "forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
" within the meaning of the Federal 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. When used in this press release, the words or phrases "will likely result", "are expected to", "will continue", "is anticipated", "estimate", "projected", "intends to" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks, known and unknown, and uncertainties, including but not limited to economic conditions, dependence on management, dilution Dilution

A reduction in earnings per share of common stock that occurs through the issuance of additional shares or the conversion of convertible securities.

Notes:
Adding to the number of shares outstanding reduces the value of holdings of existing shareholders.
 to shareholders, lack of capital, changes in laws or regulations, the affects of rapid growth upon the Company and the ability of management to effectively respond to the growth, demand for products and services of the Company, newly developing technologies, its ability to compete, conflicts of interest in related party transactions, regulatory matters, protection of technology, lack of industry standards, the effects of competition, and the ability of the Company to obtain additional financing. Such factors could materially adversely affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed within this press release. Additional discussion of such factors that could cause actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in the Company's SEC filings.
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Publication:Business Wire
Date:Mar 21, 2000
Words:448
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