CyberCare Continues Increased Revenue In Fourth Quarter; Technology Sales and Service Revenues Surpass $1.5 Million, a 53 Percent Increase.Business Editors/Health & Medical Writers BOYNTON BEACH Boynton Beach, city (1990 pop. 46,194), Palm Beach co., SE Fla., on the Atlantic coast; inc. 1920. A major suburban area, it is also a beach resort and vegetable-shipping point. , Fla.--(BW HealthWire)--Jan. 7, 2002 CyberCare, Inc. (Nasdaq:CYBR CYBR Copy Byte Right ) today announced the continued positive trend of increased technology sales and service revenue in each quarter of 2001. Equipment and service revenue in the technology division to be recognized in the fourth quarter will be approximately $1.574 million, a 53 percent increase over the previous quarter. These revenues are for both domestic and international markets and are not expected to result in a profit for the quarter. "Increased sales and shipments, quarter after quarter, is a clear example of our customer acceptance and, when installed, will expand our base of units in operation," said Michael Lemnitzer, vice president of business development for CyberCare Technologies, Inc. "Increased installed units will result in enhancement of our network revenue stream." The following revenue history demonstrates CyberCare's growth in the technology division in 2001:
Q1 2001 Q2 2001 Q3 2001 Q4 2001 TOTAL
------- ------- ------- ------- -----
Revenues $246,000 $370,000 $1,030,000 $1,574,000 $3,220,000
About CyberCare, Inc. CyberCare, Inc. is a network-based telehealth solutions company improving the delivery of care through its Internet-based technology Refers to the communications infrastructure of the Internet, which is based on the IP protocol. IP is part of the TCP/IP protocol suite. It may also refer to voice over IP (VoIP), which uses the Internet to make telephone calls. See VoIP, IP and TCP/IP. . CyberCare creates a live, interactive community that incorporates all members of the care team in the healthcare delivery process, resulting in cost reduction and improvement in the quality of patient care. Utilizing patented technology for remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a and real-time interactive communications between chronically ill patients and their providers, CyberCare's Electronic HouseCall(R) System allows for effective and efficient data collection, case management and personal interaction. Headquartered in Boynton Beach, Fla., CyberCare also has physical, occupational and speech therapy businesses and an institutional pharmacy pharmacy, art of compounding and dispensing drugs and medication. The term is also applied to an establishment used for such purposes. Until modern times medication was prepared and dispensed by the physician himself. In the 18th cent. business. Visit CyberCare's Web site at http://www.cybercare.net. 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. Statement under 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: The statements which are not historical facts contained in this press release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, product acceptance and effectiveness, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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