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CareDecision Corp. Enters ResidenceWare WI-FI Product Agreement with Hotels in Chicago and Surrounding Areas for up to 3700 Unit Installs.


Business Editors

NEW YORK--(BUSINESS WIRE)--Sept. 3, 2003

CareDecision Corp. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:CDED CDED Canadian Digital Elevation Data
CDED Common Desktop Environment Developers (Unix) 
) today announced that it has entered an agreement for the purchase and installation of its proprietary ResidenceWare multi-unit messaging management systems to a group of related hotels in the greater Chicago metropolitan geographic area. The agreement stipulates the initial installation of 450 units with continued installations over the course of the agreement culminating in a total of 3700 units. This is a clarification of an earlier release.

CareDecision has also accepted an opening installation order for 250 initial ResidenceWare units from a second group of hotels located in Illinois but outside the immediate Chicago metropolitan area “Chicagoland” redirects here. For for the racing venue, see Chicagoland Speedway.

The Chicago metropolitan area is the metropolitan area associated with the city of Chicago in the United States.
. The two groups will be part of the same cooperative network. These agreements include product sales, advertising partnerships, and E-transaction networks.

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.
, CareDecision Corp. 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, "This most recent sale of ResidenceWare units introduces our product system into the most significant metropolitan area to date. The agreement represents a revenue potential of $1.8 million simply from estimated product sales and installations. PCHertz.com, Inc., the Company's revenue marketing agent projects a potential for ancillary cooperative advertising and e-transaction recurring re·cur  
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.

2. To return to one's attention or memory.

3. To return in thought or discourse.
 revenues that on an annual basis could more than double the actual product related revenue contribution, and at margin levels enjoyed by other subscriber based industries."

ResidenceWare Guest is CareDecision's product system for hotels and motels that furnish electronic connectivity solutions across multiple and diverse markets. ResidenceWare also represents a collateral source of cooperative revenue through local advertising fees, transaction fees, and rental Internet connections.

Mr. Cox concluded, "ResidenceWare has circulated excitement and stimulated the expectations of small hotel owners and managers across the nation. Each of our customers have readily seized upon the multitude of obvious marketing and economic benefits associated with our product system. ResidenceWare not only satisfies their clear unmet need but it has uncovered an intense level of previously unsatisfied demand percolating within this previously overlooked market."

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

This release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 about our business or financial condition 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 release, words such as "believes," "expects," "forecasts," "intends," "projects," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain 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.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Business Wire
Geographic Code:1USA
Date:Sep 3, 2003
Words:443
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