CareDecision Corp. and Kelly Co. World Group Come to Terms for Expanded $160 Million Wireless E-Prescription Program for Medically Uninsured.Business Editors/Health/Medical Writers/High-Tech Writers NEW YORK--(BUSINESS WIRE)--May 13, 2004 Kelly E-Script Initiative Presented to Bush Administration; Program to Provide CDED CDED Canadian Digital Elevation Data CDED Common Desktop Environment Developers (Unix) with $4.0 Million Equity & Development Infusion; Companies to also Share Revenue and Profit CareDecision Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CDED), the developer of patent-pending 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). 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 and a leading provider of technology and products to the lodging and satellite media industries, and CareGeneration, a leading distributor of pharmaceutical products and a division of Kelly Co. World Group, Inc. (Kelly), today announced that the companies have come to terms to jointly implement and manage a sweeping e-prescription initiative for America's medically uninsured medically uninsured A person or group that has/have no health insurance. See Underinsured. . The program will involve the distribution of CareDecision's MD@Rx PDA products to a national base of approximately 55,000 physicians who provide care to the indigent indigent 1) n. a person so poor and needy that he/she cannot provide the necessities of life (food, clothing, decent shelter) for himself/herself. 2) n. one without sufficient income to afford a lawyer for defense in a criminal case. and the medically uninsured. The agreement calls for CareDecision to provide, administer and support its patent-pending MD@Rx, MD@Desktop, MD@Practice-Probe and MD@Server products and technologies, which are designed to facilitate e-health networks. These link physicians who are primarily treating the nation's poor and medically uninsured. There are over 40 million Americans without any healthcare insurance. President Bush has repeatedly voiced a need for an overhaul of the healthcare system to include the introduction of cost saving and efficient electronic technologies. This program was recently presented to the Bush Administration. First year commerce under this initiative is estimated to be $160 million from prescription medicine fulfillment. Kelly and its partners expect to infuse in·fuse v. 1. To steep or soak without boiling in order to extract soluble elements or active principles. 2. To introduce a solution into the body through a vein for therapeutic purposes. CareDecision with a combination of equity and technology development investments totaling approximately $4.0 million. Robert Cox Robert Cox may refer to several different people or things:
adj. 1. Able to see distant objects better than objects at close range; hyperopic. 2. Capable of seeing to a great distance. 3. visionary and we are honored to be his partner in this exceptional and unique opportunity. And we are already planning a further pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. , an example of which is our commitment to initially purchase 10,000 PDA units to power our ResidenceWare networks, from Futurecom Global, another Kelly company." Ronald R. Kelly, founder and CEO of Kelly Co. World Group, Inc., stated, "We have been working on this endeavor for a number of months and are elated by the broad-based support and excitement we are receiving from the many sides of this initiative, including the Bush administration, large pharmaceutical companies, and private philanthropists. We undertake this extraordinary initiative knowing that CareDecision's sophisticated and patent-pending technologies will allow this program to proceed. Our e-health initiative, the largest of its kind to date, will not only facilitate significant revenue and profit opportunities for our two companies, but is also a giant step toward helping solve the crisis faced by the millions of Americans without health insurance." About Kelly Co. World Group Kelly Co. World Group, Inc. is a private, closely-held Delaware company that was incorporated in 1988 by Ronald R. Kelly to be the operating vehicle for an international import and export business, specializing in high-quality commercial products from a variety of wholesale sources. The Kelly Co. World Group, Inc. pharmaceutical division is licensed for the distribution of pharmaceuticals throughout the United States from its warehousing facility in Illinois. About CareDecision Corp. CareDecision Corp is a leading provider of Internet-enhanced PDA devices applicable to healthcare, lodging, and satellite rebroadcast industries. Its proprietary ResidenceWare, MD@Hand and Satelink, technologies manage critical data, enhance productivity and e-commerce, and facilitate communication with applications in the healthcare, apartment, hotel/motel and satellite rebroadcast industries. For more information, visit: 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 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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