CareDecision Corp. Updates Status on Disposition of Medical IT Assets, Pending Satellite Media Deal and E-Business Initiatives.Business Editors/High-Tech Writers NEW YORK--(BUSINESS WIRE)--April 21, 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 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, provided an updated progress report today on the status of several of its initiatives. Robert Cox Robert Cox may refer to several different people or things:
(2) (Multiply-Divide Unit) A high-speed circuit that performs multiplication and division within the CPU. Services, Inc. and its technologies. With this acquisition, CareDecision now has the ability, scale and technologies to offer hotels a turnkey suite of continuous transaction products and services. Our signature product ResidenceWare(TM) is at the forefront of our product offering, which now also includes commercial Wi-Fi hot-spots, Wi-Fi kiosks, and with the announcement of our satellite media partner, satellite television packages. "Of equal importance is our growing partnership and equity arrangement with DataFuzion, Inc. ('Fuzion'). We recently reported that our partnership has been expanded by $2.8 million to include Fuzion's license of several of our key medical IT properties. These technologies are integral to Fuzion's business plan and forges closer ties between our two companies to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. business synergies. As previously stated, we plan to distribute most of the enhanced equity stake to CareDecision shareholders in the form of a stock dividend." Mr. Cox continued, "Several months ago, as reported, the company received unsolicited offers for the purchase of its patent-pending medical technologies, punctuating to us the inherent value of these technologies, especially to an aspiring e-health services provider. I am pleased to report that in the past several weeks an aspiring e-health provider has emerged and we have been contacted by this larger company, currently the major participant in a unique e-health initiative. This project with a proposed investment of $50 million, would arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. be the e-health industry's largest implementation to date. We will have more to report on our role in this initiative very soon." Mr. Cox continued, "Of equal importance and excitement to CareDecision is the progress made with our proposed satellite media partner. Discussions have been expanded to include the provision of re-broadcast services through our ResidenceWare hotel networks. At implementation it is expected that ResidenceWare networks will provide the addition of satellite television events, packages and services." Mr. Cox concluded, "As we entered the final stages of negotiating a strategic partnership with a nationally recognized hotel e-business provider, we were also contacted by a second and slightly larger dotcom enterprise, one with a different business model. We are currently studying several proposals. We plan to make our choice of partner in the next several weeks. Now that there is competition for our transaction business we will choose the partner most advantageous for CareDecision by leveraging the market opportunity for our services." 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. For more information, visit: www.caredecision.net or www.otcfn.com/cded. |
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