Cherry Tree Capital Corp. Acquires 100% of the Issued Shares of VisualMED Clinical Systems Inc.Business Editors MONTREAL--(BUSINESS WIRE)--May 12, 2000 Cherry Tree Capital Corp. has acquired all the issued common shares of VisualMED Clinical Systems Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VSMD), a Canadian company, in an exchange with its shareholders for shares of the common stock of Cherry Tree Capital Corp, a U.S. company. At the conclusion of the share exchange, the board of directors further elected to change the name of the U.S. company to VisualMED Clinical Systems Corp. Nevada state authorities have authorized the name change, to be effective as May 10. The company's shares are now traded over the counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB) under the call letters call letters pl.n. The identifying code letters or numbers of a radio or television transmitting station, assigned by a regulatory body. Also called call sign. VSMD. At the same meeting, Gerard Dab was elected Chairman of the Board and thereupon there·up·on adv. 1. Concerning that matter; upon that. 2. Directly following that; forthwith. 3. In consequence of that; therefore. immediately announced the appointments of Dr Arthur Gelston to the position of President and Chief Science Officer, and Richard Le Hir to that of Senior Vice-President and Chief Executive Officer. All the directors and officers of the original VisualMED will assume the same positions in the U.S. company. VisualMED offers a unique hospital expert order-entry software solution. Its electronic patient record helps improve clinical decision-making and quality of care, completely eliminates paper traffic, offers better tools for prescription management and substantially reduces costs of drugs and procedures. As a result, it can free-up physicians and nurses from administrative chores and allow them to spend more time at the patient bed-side, as documented by five years of continuous use in its prototype form at McGill University's Royal Victoria Hospital For other places with the same name, see Royal Victoria Hospital (disambiguation). The Royal Victoria Hospital at 687 Pine Avenue West in Montreal, Quebec, Canada was established in 1893, through the financial contributions of two Scottish immigrants, Donald Smith and George . It also provides instant access to information facilitating the practice of evidence-based medicine evidence-based medicine Decision-making 'The use of scientific data to confirm that proposed diagnostic or therapeutic procedures are appropriate in light of their high probability of producing the best and most favorable outcome'. See Meta-analysis. and outcome analysis. The VisualMED software was developed by Dr Arthur Gelston, educated at Cornell University School of Medicine, currently Associate Professor of Medicine and former Director of Medical Clinics at the Department of Internal Medicine of McGill University's Royal Victoria Hospital in Montreal. The company will be marketing its clinical software solution on a world-wide basis. Once its shares are duly registered with the SEC, the company will examine the advisability of a NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on listing. |
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