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Celerity Systems Inks License Deal With Interchange Medical.


KNOXVILLE, Tenn.--(BUSINESS WIRE)--June 8, 1999--

Celerity ce·ler·i·ty  
n.
Swiftness of action or motion; speed. See Synonyms at haste.



[French célérité, from Old French, from Latin celerit
 Systems, Inc. (Nasdaq:CLRT CLRT Continuous Lateral Rotation Therapy
CLRT Command Logistics Review Team
CLRT Cranial Laser Release Technique
) today announced that it has entered into a licensing agreement with Interchange Medical, Inc, of Fort Lauderdale Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla.

Under the terms of this agreement, Interchange will utilize the CD WorkWare(TM) software of Celerity to enhance its medical office and pharmacy automation and information processing information processing: see data processing.
information processing

Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations.
 products. The license agreement includes a non-exclusive option for Interchange to acquire the WorkWare product line in its entirety from Celerity during the next 180 days, under terms to be developed at that time. Celerity has sought to sell the WorkWare product line and the Mediator mediator n. a person who conducts mediation. A mediator is usually a lawyer, or retired judge, but can be a non-attorney specialist in the subject matter (like child custody) who tries to bring people and their disputes to early resolution through a conference. (TM) product line, and believes this enhances the unit's appeal to potential buyers.

"We are highly pleased to get access to such robust software for document and image management," said Jerry Grannis, Vice President of Marketing of Interchange Medical. "By adding the WorkWare features to our existing products and those under development, we feel we can offer a simpler and yet more useful tool for online medical and pharmacy operation. For our online Internet system, it saves us lots of time and development cost, and we plan to begin integration immediately."

"We continue to see new and valuable uses for these two products," added Kenneth Van Meter Van Meter may refer to:
  • Van Meter, Iowa, a town in Dallas County, Iowa, United States
  • Homer Van Meter (1906-1934), an American criminal and bank robber
  • Vicky van Meter (b.
, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Celerity Systems. "They are currently used in defense applications, by major financial and securities firms, by telephone companies, and in many other areas where significant volumes of documents and images need to be input, searched, manipulated, stored, and retrieved. These products, especially WorkWare, are much simpler and more cost effective than many products on the market, and yet offer solid performance. We are only selling them because we want to focus all our efforts and resources on the interactive video and high speed Internet markets."

Celerity Systems is a leading provider of interactive digital video servers and digital set top boxes for the interactive video and high speed Internet markets, including for telcos, cable companies, energy companies, universities, hospitality, hospital and assisted care, and retailing. Through its recently announced proposed merger with FutureTrak International, Inc. (NASD NASD

See: National Association of Securities Dealers


NASD

See National Association of Securities Dealers (NASD).
 BB:FTRK/FTRKD), Celerity is also focusing heavily on the multi-housing marketplace, which is a major focus of FutureTrak.

FutureTrak International is a provider of integrated entertainment and information products and services concentrating on both the multi-housing and mobile markets. The Company has the ability to provide DIRECTV, Internet access See how to access the Internet. , Internet contents, and telephony solutions to its client base.

For more information on Celerity Systems, contact: Celerity Systems, Inc., 1400 Centerpoint Boulevard, Knoxville, TN 37932, Phone: 423/539-3513, Fax: 423/539-3502, Web: www.celerity.com.

For more information on FutureTrak International, contact: Ms. Stefanie Haden, FutureTrak International, Inc., 3635 Park Central Blvd. North, Pompano Beach Pompano Beach (pŏm`pənō), city (1990 pop. 72,411), Broward co., SE Fla., on the Atlantic coast and the Intracoastal Waterway; inc. 1908. It is a resort city with ocean beaches, excellent fishing, and a harness-racing track. , FL 33064, Phone: 954/971-2244, Fax: 954/971-2228, Web: www.futuretrak.com.

Certain statements in this release and the company's financial projections that are not historical fact constitute "forward-looking information." Such forward-looking information involves known and unknown risks, uncertainties and other factors, which may cause the actual results of the Company to be materially different from results expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but are not limited to: customer demand not meeting expectations; lack of consistent supply of materials; lack of adequate distribution markets; and inability to meet customer demand.
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 8, 1999
Words:553
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