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CareDecision Corp. Completes 2003 Forecasts; Projects Revenue Leap to $6.4 Million and Positive Operating Profit.


Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 30, 2003

CareDecision Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CDED CDED Canadian Digital Elevation Data
CDED Common Desktop Environment Developers (Unix) 
), the e-health technology developer and medical PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM).  innovator, announced today that it has completed its forecasts for 2003, and is projecting a substantial increase in revenues and that it also expects to record a first ever operating profit Operating profit (or loss)

Revenue from a firm's regular activities less costs and expenses and before income deductions.


operating profit

See operating income.
 for the year ended December 31, 2003.

Robert Cox Robert Cox may refer to several different people or things:
  • Robert Cox Cup, trophy awarded annually by the United States Golf Association for the United States Women's Amateur Golf Championship.
, 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. , commented, "Since the merger with Medicius, Inc., our focus has shifted entirely toward the fortification fortification, system of defense structures for protection from enemy attacks. Fortification developed along two general lines: permanent sites built in peacetime, and emplacements and obstacles hastily constructed in the field in time of war. , integration and expansion of our now core business, e-health technology products and systems. We also have completed certain acquisitions and are in final negotiations for the conclusion of others, we have bolstered our management, reinforced our infrastructure, concluded contracts and developed new technologies. Each of those accomplishments were targeted toward our singular objective of increasing the value of our shareholders' investment."

Mr. Cox continued, "The success of these collective activities now permits us to project an exponential growth Extremely fast growth. On a chart, the line curves up rather than being straight. Contrast with linear.  in revenues to $6.4 million for 2003. This projected revenue expansion will additionally permit CareDecision to forecast a Gross Profit, as well as its first positive earnings at the operating profit level for the 2003 fiscal year. I am certain that the financial community will be impressed by this demonstration of energy, achievement and competence from a company emerging from development into its first full year of commercialization."

CareDecision anticipates that its revenues will be derived from four business areas: acquisitions, contracts, pipeline core business and alternative markets. Acquisitions already completed and those expected to be shortly concluded will yield $3.7 million in 2003 revenues. Signed contracts already begun and those to be implemented should contribute $1.4 million in revenues. Anticipated revenues from pipeline sales activities that will conclude in the first and second quarters are projected to generate $.8 million. Alternative market revenues for the sale of newly developed technologies whose application resides outside of the Company's core market is expected to add an additional $.5 million to the forecast revenues for 2003.

About CareDecision Corp.

CareDecision Corp. is an e-health PDA-based information technology company that provides physicians with sophisticated medical information solutions at the point-of-care. The company's patent-pending software systems, communication technologies and clinical applications furnish office-based physicians, EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy.  physicians, and industrial medicine practitioners with vital patient information using an e-health business model, on a Microsoft Windows CE-based PDA.

Forward-Looking Statements

This news release contains forward-looking statements about our business or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. All forward-looking statements are intended to be covered by 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.
 created by Section 21E of the Securities Exchange Act of 1934.

www.caredecision.com
COPYRIGHT 2003 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 30, 2003
Words:506
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