CareDecision Corp. Reports Initial Revenues from Its Proprietary Technologies in the Quarter Ended September 30, 2003.Business Editors/Travel Writers/High-Tech Writers NEW YORK--(BUSINESS WIRE)--Nov. 17, 2003 Company Envisions Continued Revenue Expansion in Coming Quarters 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 reported initial revenues from sales of its proprietary technologies in its recently filed Form 10QSB QSB Fading QSB Qualified Small Business (IRS category) QSB Queen Street Backpackers (Auckland, New Zealand) QSB Quality System Basics QSB Qualified Supplemental Benefit QSB Quantum Singleton Bound . Although this revenue-reporting event is nominal, the company separately confirms the launch of its ResidenceWare 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). networks to be a complete success, transitioning the line from development to full commercialization. The contract success produced from the introduction of its ResidenceWare network products, when coupled with the Company's defined installation schedule, should enable continued progressive revenue accomplishments in upcoming quarters. "In fact demand is growing, with new orders arriving on average every other week. Combine that with an order backlog of 1500 units entering this month, and revenues should be significantly greater in the coming months," said Chairman Robert Cox Robert Cox may refer to several different people or things:
ResidenceWare PDA Networks CareDecision's ResidenceWare network products allow for hotel guests to choose from a broad menu of eBusiness information, local services and food deliveries, via a Wi-Fi wired network connection, accomplished through a PDA physically affixed af·fix tr.v. af·fixed, af·fix·ing, af·fix·es 1. To secure to something; attach: affix a label to a package. 2. to the wall of each hotel room. Each ResidenceWare PDA also permits interactive communications between the hotel and their guests, as well as broadband access See broadband and wireless broadband. to the Internet for an affordable fee. In addition, each network is designed to simultaneously yield a cooperative revenue base for CareDecision and the various hotel sponsors, supported by local merchants. About CareDecision Corp. CareDecision Corp. is an Internet-enhanced PDA-based information technology company that services the key economic sectors of healthcare and travel and lodging. The company's patent-pending Wi-Fi technologies and products are built to create an environment of increased convenience and efficiency for customer, medical professional and service provider. CareDecision's ResidenceWare Wi-Fi PDA networks have rapidly made the Company a leader in eBusiness applications for the hotel and motel industry. 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 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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