CareDecision Corp. Engages Peter Giacalone to Assist Acquisition; Former Director to Lead Negotiations and Intends to Acquire 5% Equity Stake.

Business Editors & High-Tech/Health/Medical Writers

NEW YORK--(BUSINESS WIRE)--Oct. 28, 2002

CareDecision Corp. (OTCBB:CDED), a leading e-health technology developer and medical PDA innovator, today announced that former director, Peter Giacalone, has been engaged by the Board of Directors to represent the Company in its negotiations with a specific acquisition candidate from a related medical industry.

Mr. Giacalone served as a member of the Board of Directors of ATR Search, Inc. prior to its merger with Medicius, Inc. That merger precipitated a corporate name change to CareDecision Corp. and marked the conclusion of Mr. Giacalone's term on the Board. However, since expiration of his Board tenure, Mr. Giacalone has continued to be a source of valuable advice and strategic guidance.

Robert Cox, CareDecision Corp. CEO, commented, "We are in the midst of a dynamic period of development and progression. The proposed acquisition, with a related healthcare entity, may well furnish CareDecision with the financial resources that can enable a more rapid attainment of our corporate objectives. I have known Peter Giacalone for a number of years, and during his tenure as a director he was a constant source of invaluable counsel. I can think of no more qualified candidate to represent the Company, and to lead our efforts to negotiate a rapid and successful conclusion of this acquisition."

On a separate note, Mr. Giacalone has announced his intention to acquire up to 5% of the outstanding common shares of CareDecision Corp. on the open market beginning immediately.

Peter Giacalone commented, "CareDecision Corp. is a post-developmental company that I believe is well poised to quickly advance through to commercialization and rapid expansion. I am grateful to the Board for its confidence in my ability to satisfactorily consummate this opportunity for the Company."

Mr. Giacalone continued, "My decision to accumulate a significant equity position is independent of my selection. It is my fundamental belief in the technology, products and management that has driven my decision to immediately begin acquiring common shares of CareDecision stock on the open market. I have personally studied the Business Plan, discussed the strategic direction and have come to share the collective vision and enthusiasm of this energized management team. As a result, I have personally concluded that, at this time, there is no single greater opportunity for me than an investment in CareDecision Corp."

About CareDecision Corp.

CareDecision Corp. is an Internet-enhanced PDA-based information technology company that provides physicians with sophisticated information solutions at the point-of-care. The company's patent-pending software systems, communication technologies and clinical applications furnish office-based physicians with vital patient information via the Web on a Microsoft Windows CE-based PDA, and also the mechanism for electronically communicating value added medical, administrative and financial information to insurers, pharmacies, clinical labs, and hospitals.

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 created by Section 21E of the Securities Exchange Act of 1934.