CareDecision Corp. Finalizes Its Acquisition of Multimedia Digital Utility Services, Inc.Business Editors NEW YORK--(BUSINESS WIRE)--April 6, 2004 CareDecision Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CDED CDED Canadian Digital Elevation Data CDED Common Desktop Environment Developers (Unix) ), a leading Wi-Fi 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). technology provider to the lodging and satellite media industries and the developer of patent-pending technologies for Wi-Fi, PDA, e-health, and 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. applications, announced today that it has finalized its acquisition of Multimedia Digital Utility Services (MDUS MDUS Medium Data Utilization System ), a Dallas-based Managed Service Provider (MSP (1) (Management Service Provider or Managed Service Provider) An organization that manages a customer's computer systems and networks which are either located on the customer's premises or at a third-party datacenter. ) of private and secured communication, information, and transaction services. The acquisition, recently approved by the Boards of both companies and the shareholders of MDUS, enables CareDecision to rapidly extend its "wireless" ResidenceWare(TM) systems for hotels and motels to additional, longer-term lodging markets, including: condominium complexes, high-rise apartment buildings, and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. centers, and other places where people congregate and work. "ResidenceWare is designed to provide hotel guests an electronic connection to a series of services and products wherever they are, making their hotel stay a home away from home," said Robert Cox, Chairman of CareDecision Corp. "Combining our ResidenceWare features with secured broadband personal electronic connectivity services, and pay-per-use satellite broadcast greatly expands our available markets." CareDecision Corp. is acquiring MDUS and its proprietary technologies by issuing a special class of Preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. with preferences that limit conversion. The Company intends to provide a more detailed discussion of the acquisition in an upcoming interview and a letter to shareholders once several procedural tasks are completed. "The combination of ResidenceWare and MDUS Artificial Intelligence software robots improve the quality of life of consumers, by making information and other electronic goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. convenient and simple to access and use," said Howard Gunn, current President of MDUS, who will become Executive Vice President of CDED. Gunn added, "Last year, wireless local service with recurring revenue streams based on transaction fees, subscription fees, bandwidth rentals, and usage charges were greater than long-distance calling revenues, yet few if any pure `hot spot' site operators made any money from it. Obviously a new type of easy-to-use, secure service delivery vehicle is needed to attract the potential broadband consumer." Gunn continued, "ResidenceWare networks provide the high performance communications and information services See Information Systems. that people want, including VoWiFi, VoIP, and `secured' P2P See peer-to-peer and point-to-point. connections to remote Web Services. Many of our current site operators will use ResidenceWare as the stepping stone to new electronic service revenue streams such as: renting desktop productivity applications, leasing out secured electronic data storage lockers, providing secured electronic file transfers, and even selling cooperative advertising space on local monitors." Gunn concluded, "Hotel owners and site managers that I have met with across the country have been enthusiastic about having an information services tool set that reduces current expenses and improves the quality of service to customers while increasing revenues. With the merger in place, we will be able to quickly convert their enthusiasm into working systems to the mutual benefit of consumers and all of the parties involved in the delivery of consumer services." About CareDecision Corp. CareDecision Corp. is a leading provider of Internet-enhanced PDA-like devices applicable to the healthcare, residential, and satellite information industries. Its proprietary MD@Hand, SateLink, and ResidenceWare (TM) technologies manage critical data, enhance productivity, and facilitate ease of communication with applications in the healthcare, apartment, hotel/motel, and satellite entertainment industries. For more information, visit the CareDecision Web Site: www.caredecision.net or www.otcfn.com/cded. 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 from CareDecision Corp: This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting retailers, continuing success introducing new products, the Company's ability to finance its planned expansion efforts, and changes in regulations affecting the Company's core business. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. |
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