CyberCare Secures Equity Line; Additional Capital Creates Financial Safety Net.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)--Sept. 20, 2001 CyberCare, Inc. (Nasdaq:CYBR CYBR Copy Byte Right ) announced today that it has obtained a $15 million equity line through Strategic Investment Management, an Investment Management Group based in Luxembourg. The financing was arranged by London Court Limited which represents CyberEuroCare, a subsidiary of CyberCare, Inc. The capital comes with unrestrictive use and, therefore, could be earmarked for any general corporate purpose including activities related to the corporate entity CyberCare, Inc., or its international business. "As a global company, CyberCare must create a safety net to weather the current financial marketplace and any upheavals that may occur in the future," Daniel W. Bivins, Jr., president of CyberCare International, Inc., said. "This additional capital demonstrates the investment communities' ongoing support for CyberCare's continued growth." The transaction involves institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , primarily consisting of a contingent of major European Investment Companies. 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 online pharmacy  This article or section may deal primarily with the U.S. and may not present a worldwide view. business. Visit CyberCare's web site at http://www.cyber-care.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 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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