CLARIFICATION of Quovadx Press Release.ENGLEWOOD Englewood (ĕng`gəlw d).1 City (1990 pop. 29,387), Arapahoe co., N central Colo., on the South Platte River, a residential and industrial suburb of Denver; inc. 1903. , Colo. -- Quovadx, Inc. (Nasdaq:QVDX) wishes to issue the following clarification to its release, BW5759, (CO-QUOVADX) "Quovadx Executives Appointed to Prominent Industry Advisory Panels" issued Wednesday Wednesday: see week. , April 20, 2005: Quovadx, Inc., a global software and vertical solutions company, today issued a clarification to a press release issued on April 20, 2005, titled "Quovadx Executives Appointed to Prominent Industry Advisory Panels." In the press release, the Company did not adequately characterize the relationship Mr. Eugene Eugene, city (1990 pop. 112,669), seat of Lane co., W Oregon, on the Willamette River; inc. 1862. A processing and shipping center in a farming area, the "Emerald City" has lumbering, food-processing, and microchip and other electronics industries. Kroch, Ph.D, has with the Office of the National Coordinator for Health Information Technology (ONCHIT ONCHIT Office of the National Coordinator for Health Information Technology ). For clarification, Mr. Kroch was one of four economic advisors on contract with a national healthcare and human services consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a to help facilitate a project conducted by ONCHIT. Mr. Kroch also is on contract with a firm that supplies support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services and experts to ONCHIT, to help with additional economic analyses. This contract is still active. In neither instance was Mr. Kroch contracted directly with, or appointed directly to, any formal position by the National Coordinator for Health Information Technology. Quovadx did not intend to suggest that Mr. Kroch had been appointed to any official office or position with ONCHIT, nor did the Company intend to imply that ONCHIT was in any way affiliated with Quovadx, Inc. Quovadx is happy to set the record straight in relation to Mr. Kroch's role, the purpose or goal of the office of the National Coordinator for Health Information Technology, or any incorrect inferences that may have been made in relation to the context of the other news items presented in this press release. |
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