COi Solutions, Inc. Acquires Majority Stake in TeleMedica Group (A Vehicle to Implement Global e-Health Initiatives).Business Editors LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , NEVADA--(BUSINESS WIRE)--Nov. 14, 2000 Robert G. Jones Robert Gambrell "Bob" Jones (born May 9, 1939) is a stockbroker in Lake Charles who served in the Louisiana House of Representatives from 1968-1972 and in the State Senate from 1972-1976. He is the son of the late Louisiana Governor Sam Houston Jones. , president of COi Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:COSL COSL Complementary Output Switching Logic COSL Chemistry Operations Support Laboratory (Rocky Flats) COSL Certificate of Safe Load COSL Commander, Oceanographic Systems, Atlantic ) is pleased to announce the finalization of the acquisition of a majority ownership in the TeleMedica Group. Under the terms of the agreement, COi Solutions, Inc. (COi) has acquired 75% of the privately held TeleMedica Group (TMG TMG - TransMoGrifier. An early language for writing recursive descent compilers. It was macroed from the IBM 1604 to the IBM 709 to the IBM 7094 to the GE-635, where it was used by McIlroy and Morris to write the EPL compiler for Multics. ). "This announcement represents an exciting milestone in COi's history," said Jones. "TeleMedica brings a unique business proposition that is already well-advanced, a global-based professional marketing and sales team, respected alliances and most importantly, an immediate revenue-generating opportunity with its first initiative - e-health insurance for expatriates. With this merger, COi has evolved into an organization that not only builds, but also owns and operates successful businesses. We have also clearly narrowed our focus to concentrate on opportunities in global e-health." TMG's first initiative, TeleMedica Insurance Management (TIM TIM Timothy TIM Technical Interchange Meeting TIM Transient Intermodulation Distortion TIM Time Is Money TIM The Invisible Man (movie) TIM Telecom Italia Mobile (Italian cellular provider) ), will offer web-based information, selection and purchase of health insurance globally. While, the first phase of the website will be ready to process business in December, the launch of the full e-commerce platform is scheduled for release early in the New Year. TMG has identified its target market as expatriates who live and work around the world. The expatriate population is estimated to be 100 million. Under the leadership of its president, David B. Green, unique and competitive products have been developed; four regional vice-presidents in the United States, Canada, Europe and SAR (Segmentation And Reassembly) The protocol that converts data to cells for transmission over an ATM network. It is the lower part of the ATM Adaption Layer (AAL), which is responsible for the entire operation. See AAL. SAR - segmentation and reassembly Hong Kong have been retained; a global marketing and distribution network comprising over two thousand brokers has been put in place; and strategic partnerships to help grow the business have been solidified. Green, himself an expatriate, is a British national with over 20 years of insurance and extensive industry networks. With such a wealth of knowledge about the industry, its players and its products, he plans to revolutionize the way health insurance is sought and bought in a way no competitor currently offers. "TIM incorporates the best features of a traditional health insurance business with easy to access, easy to use, sophisticated Internet-based tools that offer a depth and quality of service that simply does not exist today," said Green. "All the elements for a successful launch are in place - timing, people, products, market need and respected implementation partners." About the TeleMedica Group The TeleMedica Group was a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Nevada. The company was incorporated in 1997 to provide global electronic healthcare services via the Internet. COi has been under contract with TMG for the past year to build the company, including its business plan, operations and e-commerce strategy. TMG is building upon long established practices and looking at exciting innovative ways to transform the face of global healthcare by providing a range of services via Internet technologies. Visit TMG at http://www.telemedicagroup.com. About COi Solutions, Inc. COi Solutions Inc. (COSL), a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , builds electronic business solutions for global organizations based on a 'community of interest' principle. COi's prime focus is working with start-up companies to create totally integrated electronic solutions, combining strategic business, marketing and investment planning with high technologies, including the Internet and private intranets. With offices in the U.S. and Canada, the COi team offers a unique approach in working with its vertical market sectors of healthcare, trade & commerce, travel & tourism, and telecommunications. COi is working with Indianapolis-based Montgomery Zukerman Davis Inc. (MZD Advertising) to develop and implement a strategic public relations Strategic Public Relations (PR) involves creative planning, media research and strategic approach in designing a PR campaign. Unlike the present, PR programs used to be very media relations-centric and based on personal relationships with journalists and columnists. campaign aimed at increasing visibility, brand awareness and market share with investors, shareholders and partners around the world. Visit us at http://www.coisolutions.com for the latest news about the company or contact Maureen Callahan of MZD at (317) 554-6366. This release contains forward-looking statements that 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 Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. Forward-looking statements involve the known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from what is anticipated. Such statements include such words as "expect" and "anticipate." |
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