Carnegie Subsidiary to Offer Ameritech Operator Services to Midwestern Hospitals.Business Editors BALTIMORE--(BUSINESS WIRE)--Aug. 8, 2000 Federation of Associated Health Systems to Serve Market with 785 Hospitals, 115K-Plus Beds Carnegie International The Carnegie International is the oldest North American exhibition of contemporary art from around the globe. It was first organized at the behest of industrialist and philanthropist Andrew Carnegie in 1896. Corporation, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CGYC CGYC Canossian Global Youth Conference CGYC Common Ground Youth Church ), a computer telephone and Internet support holding company, said today that its Federation of Associated Heath Systems, Inc., subsidiary has contracted with Ameritech(R) to provide operator services A variety of telephone services that require human intervention, including person-to-person calls, collect calls, credit card billing and directory and dialing assistance. Such services are performed by LECs, IXCs and alternative operator services (AOS), organizations that are used by for hospitals in their five state region. Lowell Farkas, president of Carnegie, said Federation will serve hospitals in Illinois List of hospitals in Illinois (U.S. state), sorted by hospital name.
"There are 785 hospitals in the region, with more than 115,000 beds," said Farkas. "We believe the unique blend of Ameritech quality and Federation expertise has a profit potential in excess of $4.5 million annually in the Midwest, and aim to achieve a 20 percent penetration in the market over the next year." Acquired this Spring (see "Carnegie International and Paramount Subsidiary Complete Acquisition of Federation of Associated Health Systems, Inc., Business Wire, June 5), Federation was founded in 1989. Based in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , it is endorsed and preferred by numerous state hospital associations. The Federation currently serves more than 700 hospitals with telecommunications services, primarily in 0+/- call auditing and international one-plus sectors, and prior to gaining Ameritech distribution rights, estimated revenues of $4 million for the current fiscal year. "When Federation was acquired," we believed it had great synergies with Paramount, and that its acquisition would enable management to leverage investments in developing and delivering technology to serve growing customer bases. Now, with the gaining of the Ameritech license," he said, "Federation brings even greater strength as a Carnegie company, and should be a significant contributor to our overall marketing efforts." Craig Bass, president of the Federation, said "the entire Federation team is excited about representing Ameritech and bringing our services to the Midwest. When we were acquired by Carnegie two months ago, we were told that the company planned to maximize the potential of all of its companies through cross-marketing and sharing of expertise and customers. We welcome the challenge, "he said, "and look forward to being a major contributor to the growth of our parent company." About Carnegie International Corporation Carnegie International Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: CGYC, www.carnegieint.com) is an Internet support and computer telephony holding company with specialization in telecommunications products, services and distribution, and in E-Commerce and EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. . Its primary wholly-owned subsidiaries include: RomNet Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , Inc., an Internet, e-business and technical support services company, Profit Through Telecommunications (Europe) Ltd. (PTT (1) (Postal, Telegraph & Telephone) The governmental agency responsible for combined postal, telegraph and telephone services in many European countries. (2) See push-to-talk. PTT - Post, Telephone and Telegraph administration ), a telecommunications software company providing business solutions utilizing proprietary speech recognition, touch tone and bar code responses to send and/or receive information; ACC See adaptive cruise control. Telecom of Columbia, Maryland, a leading reseller of equipment and business telephone systems from Comdial, Lucent, SONY(R) and Sprint(R); American Telephone & Computer, an Ameritech and Comdial dealer based in Elmhurst, Illinois, in the Chicago suburbs; Voice Quest, Inc., of Sarasota, Florida, a developer and provider of speech recognition and voice mail technologies and products, Paramount International Telecommunications, Inc., of Vista, California, which serves hotels and other businesses, primarily in 0+/- call auditing and international one-plus sectors, and the Federation of Associated Health Systems, Inc., of San Antonio, Texas. 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 provides a "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. " for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by Carnegie International Corporation) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the telecommunications industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of Carnegie International Corporation. These risks and uncertainties included, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, domestic and global economic conditions, change in Federal or state laws, and market competition factors. MAVIS is a trademark of Carnegie International Corporation. Other trademarks are properties of their respective owners. |
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