CYBeR-CARE Is Awarded Government Vendor Contract for Electronic HouseCall System.Business Editors/Health & Medical Writers BOYNTON BEACH Boynton Beach, city (1990 pop. 46,194), Palm Beach co., SE Fla., on the Atlantic coast; inc. 1920. A major suburban area, it is also a beach resort and vegetable-shipping point. , Fla.--(BW HealthWire)--Jan. 26, 2001 CYBeR-CARE, Inc. (Nasdaq:CYBR CYBR Copy Byte Right ), a premier telehealth technology innovator today announces that they have received approval from the Government Services Administration to sell the Electronic HouseCall(TM) System (EHC EHC Environmental Health Criteria EHC Environmental Health Center (NSC) EHC Eishockeyclub (German) EHC Extended Health Care (Plan) EHC Emory and Henry College ) and related services to the United States Department of Veterans Affairs The United States Department of Veterans Affairs (VA) is a government-run military veteran benefit system with Cabinet-level status. It is responsible for administering programs of veterans benefits for veterans, their families, and survivors. (VA), Department of Defense (DOD (1) (Dial On Demand) A feature that allows a device to automatically dial a telephone number. For example, an ISDN router with dial on demand will automatically dial up the ISP when it senses IP traffic destined for the Internet. ), and other Federal Departments and Agencies as a contract vendor. The CyberCare EHC system is a family of products utilizing internet network technology to route communication among chronically ill and other patients through a network of healthcare providers using voice, video and medical diagnostic data transfers. "This is an exciting opportunity for CyberCare to assist in monitoring and improving health care access for veterans and federal employees. CyberCare's system is scalable to manage this size of population on a worldwide basis within our routed network," said Michael E. Lemnitzer, Vice President of Business Development, CyberCare Technologies. Richard J. Oszustowicz, former Professor of Health Administration at the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. Program in Healthcare Administration, a past Chapter President of the Healthcare Financial Management Association, and author of many national and international publications on high technology and capital decision making in healthcare organizations, states, "such announcements, aligned with FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approvals, are so significant today as health care providers, payors, and patients alike partner together to genuinely manage their respective responsibilities in advancing quality care in a most cost effective measurable manner, now better described as chronologically attentive internet enabled patient care. It is reasonable to assume that this technology will be quickly accepted for reimbursement by third party payors." About CYBeR-CARE, Inc. Based in Boynton Beach, Fla., CYBeR-CARE, (NASDAQ:CYBR), is a network technology company with a patented internet-based technology system that provides for remote monitoring of individuals for healthcare purposes. The company also has physical, occupational and speech therapy centers and an institutional pharmacy. CYBeR-CARE can be found on the web at www.cyber-care.net. 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. Statement under the 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: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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