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CareDecision Corp. Reports Record Year End Results.


Business Editors

NEW YORK--(BUSINESS WIRE)--April 1, 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, is pleased to announce audited financial results for the year ended December 31, 2003. Full text of the Company's SEC Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 filing can be found at www.sec.gov.

CareDecision Chairman 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.
 said, "2003 has been a year of great achievement as well as a year of transition for CareDecision Corp. We finished the year with three product lines serving three separate markets and cash in the bank. We added to our valuable intellectual properties, engaged a distributor, and collected receivables. We ended 2003 having secured new relationships with larger and more powerful companies, and carried over a seven figure order backlog into 2004. We are pleased to report significant progress over this short time period, a narrowing of losses, the beginnings of a cash flow stream, and an auditor's opinion without a 'going concern' qualification."

Cox continued, "Our priorities over the next 12 months are to continue to develop and market our ResidenceWare hotel products now that we have the necessary funding in place and a growing sales pipeline. We also plan to secure business in the satellite media industry, where discussions with one of the two large satellite re-broadcast entities are expected to bear fruit. We intend to realize increasing revenues from our software products during the next fiscal year while we continue to carefully match expenditures with performance in order to efficiently implement our business plan."

For fiscal 2003, CareDecision Corp. generated $75,813 in revenue compared to $2,000 revenue generated in 2002. The company had expenses for the year ended 2003 of $2,050,981 compared with $2,926,945 in fiscal 2002. For the year, CareDecision reported a net loss of $2,168,808, or $0.02 per share in fiscal 2003, compared with a total net loss of $3,037,442 in fiscal 2002, or $0.07 per share.

CareDecision Corp. recently announced that it has secured a $700,000 financing from Pinnacle pinnacle (pĭn`ĭkəl), minor architectural motif of vertical tapering shape, usually crowning a pier, buttress, or gable. Although sometimes it appears in Renaissance design, as in the Certosa di Pavia, it is almost exclusively a medieval  Investment Partners, LP that it plans to utilize for business development purposes. CareDecision will be profiled on the popular show, Let's Talk Stock, on the CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence)
CNBC Consumer News and Business Channel
CNBC Congress of National Black Churches, Inc.
 network in April.

About CareDecision Corp.

Care Decision 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 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.
 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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Publication:Business Wire
Geographic Code:1USA
Date:Apr 1, 2004
Words:565
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