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:
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 |
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