CareDecision Corp. Signs ResidenceWare Contract with Crescent City Investment, Inc., Enters California Lodging Market.Business Editors NEW YORK--(BUSINESS WIRE)--June 3, 2003 Latest Sale to Western Hotels Provides a Potential $3 Million in Annual Revenue 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 signed an agreement for the purchase and installation of its proprietary ResidenceWare Guest multi-unit messaging management systems with Crescent City Crescent City is the name of the following places:
ResidenceWare Guest is the latest addition to CareDecision's innovative portfolio of technology products that furnish electronic connectivity solutions across multiple markets. ResidenceWare provides hotel and motel owner/operators with a value-added array of electronic features that enhance the quality of the services furnished to their guests and also represents a tangential tan·gen·tial also tan·gen·tal adj. 1. Of, relating to, or moving along or in the direction of a tangent. 2. Merely touching or slightly connected. 3. source of cooperative revenue through local advertising fees, transaction fees, and rental Internet connections. Robert Cox Robert Cox may refer to several different people or things:
tr.v. en·vel·oped, en·vel·op·ing, en·vel·ops 1. To enclose or encase completely with or as if with a covering: "Accompanying the darkness, a stillness envelops the city" the introduction of ResidenceWare Guest. Management had anticipated that its transition into the hotel/motel market would yield considerable dividends, but the reality of the response exceeds our collective expectations." Vishnu Patel, CEO of Crescent City Investments, Inc., commented, "The success of my business relies on providing premier services to our guests while charging a relatively modest room fee. ResidenceWare Guest enables our hotels to introduce unique, differentiated services to our guests that should shortly pay for themselves. Many of our facilities do not currently furnish services such as room service, dry cleaning or high-speed Internet access, yet our guests often have stated a desire for their provision. Through this arrangement with CareDecision, we will now be able to furnish our guests with value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. electronic services: the perfect conjunction of technology and need." Mr. Cox concluded, "During the first couple of months following ResidenceWare's market launch, our corporate focus had been restricted to responding to and adequately supporting the intense demand emanating throughout the northern midwest. The signing of this contract with Crescent City Investments, Inc. now catapults our attention to the large and lucrative west coast market. This product's brief availability represents earning potentials beyond any new product introduction with which I have been associated." About CareDecision Corp. CareDecision Corp. (OTCBB:CDED) is an electronic enterprise, PDA-based, information technology company, concentrating on the medical and residential sectors. CDED provides sophisticated information solutions on PDAs at the point of transaction or point-of-care. The company's patent-pending software systems, communication technologies, middleware, and end-user software applications furnish the residential and medical industries with vital, up-to-the-moment information using an electronic enterprise business model. Additional information is available on the Internet at www.caredecision.net. 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 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. |
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