Cybear and Mediconsult Join Forces.Business Editors FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 3, 2001 Andrx Corporation today announced that its Cybear Group (Nasdaq:CYBA CYBA Charter Yacht Broker Association CYBA Conejo Youth Basketball Association (Conejo Valley, California) CYBA California Yacht Brokers Association CYBA Cybertron Army CYBA Columbia Yacht Brokers Association ) had completed the acquisition of Mediconsult.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :MCNS MCNS Managing Cisco Network Security MCNS Multimedia Cable Network Systems MCNS Media Centre for National Security (Sri Lanka) MCNS Ministerial Committee for National Security (Iraq) ) in a stock for stock merger. Mediconsult includes Physicians' Online (POL), a leading physician Internet portal with over 217,000 authenticated U.S. physician users logging over 8 million page views each month, as well as eMedEd, Mediconsult's on-line medical education service for physicians. Mediconsult common stock was exchanged for Cybear Group common stock on the basis of .143 shares of Cybear Group common stock for each share of Mediconsult common stock, subject to adjustment. Upon completion of the merger, approximately 56.5% of Cybear Group common stock will be held by the existing Cybear Group stockholders, 25.6% by Mediconsult stockholders, and 17.9% by certain Mediconsult creditors who restructured Mediconsult debt as equity. Andrx Corporation - Cybear Group stock tracks the business of Cybear, Inc., which is headquartered in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , and is an Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. ) and Applications Service Provider (ASP) for the healthcare industry. Cybear uses its own secure private network to provide access to the Internet, e-mail, and productivity applications available on a transaction or subscription basis to physicians, physician organizations, pharmacies, and hospitals. This press release contains forward-looking information regarding Andrx Corporation and Cybear, Inc. The forward-looking statements are made pursuant to the 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. provisions of 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. Forward-looking statements, including statements as to industry trends, future economic performance, anticipated profitability, anticipated revenue and expenses, anticipated transactions, planned product development and products or service line growth, may be significantly impacted by certain risks and uncertainties, including, but not limited to, failure of the clinical e-commerce industry to develop at anticipated rates, failure of the company's clinical information technology products and services and planned products to gain significant market acceptance, contracts not materializing, delays in customer acceptance of the companies technology, competition and other economic factors. These forward-looking statements speak only as of the date hereof, and Andrx and Cybear disclaim any intention or obligations to update its forward-looking statements in the future. Additional risks and uncertainties are described in the documents filed by Andrx and Cybear with the United States Securities and Exchange Commission. More information and subscriptions to dr.cybear and rx.cybear, Cybear's Internet products, as well as Mediconsult, POL and eMedEd are available on-line at www.cybear.com and www.mediconsultinc.com or by calling 877-999-3001. |
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