Communication Synergy Technologies Inc. -ComSynTech- Executives Comment on the Impact of Recent Developments.ROCHESTER, N.Y. -- As announced last week, MedSynTech, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Communication Synergy Technologies, Inc (CSYT: PK), announced a multi-year licensing and joint development agreement with Eastman Kodak's Health Imaging Division. The impact of this on the company is one of major significance within the $4.8 billion dollar radiology information market. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Michael Perrotta, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of ComSynTech, "Our agreement with Kodak is satisfying in many ways. First, it validates our business model, which is to introduce products regionally and to attract strong strategic partners on an international scale. Secondly, the company can focus on building revenue streams with leading, well-regarded companies in those markets where our technologies play." Seth Borg, MD, Chief Executive Officer of ComSynTech said "Kodak is a great fit for us because we hold a preferential knowledge base in the specific radiology digital imaging center market, that they wish to penetrate. Kodak receives a leg up in this market by utilizing our expertise, including rights to our patented technology." Perrotta noted that "Dr. Borg has a distinguished career in radiology, having built one of the largest independent radiology practices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of after pioneering medical research in radiology at several universities, including the Strong Memorial Hospital at the University of Rochester The University of Rochester (UR) is a private, coeducational and nonsectarian research university located in Rochester, New York. The university is one of 62 elected members of the Association of American Universities. . He and ComSynTech Chief Technical Officer, Gene Wolfe Gene Wolfe (born May 7, 1931, New York, New York) is an American science fiction and fantasy writer. He is noted for his dense, allusion-rich prose as well as the strong influence of his Catholic faith, which he adopted after marrying a Catholic. , are the holders of the recently granted patent 'Networked Based Speech Transcription That Maintains Dynamic Templates'. The bottom line is that we can bring our technology to many other medical specialties Medical Specialties See also anatomy; disease and illness; drugs; health; remedies; surgery. adenography the science of the description of glands. — adenographic, adj. and continue to build a customer base and grow revenues." About ComSynTech Communication Synergy Technologies Inc. (ComSynTech) develops and markets document creation, management and preservation systems for medicine, industry, finance and government. Its products provide efficiency, flexibility and improved quality by automating the creation, capture, management, distribution, archiving, preservation and retrieval of voice and word documents across multiple markets. ComSynTech products and development platforms integrate with and complement existing technologies, accelerating time-to-implementation. ComSynTech's Document Vault addresses the content and document management services market, forecast by IDC Research to grow to $24 billion by 2006. The InFORM(TM) system, a product of MedSynTech, a CST CST abbr. 1. Central Standard Time 2. convulsive shock treatment CST Central Standard Time Noun 1. wholly owned subsidiary, is targeted at medical specialties information and practice management solutions industry, a $4.8 billion dollar market. |
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