CyberEuroCare Executes Letter of Intent With Swedish Developer.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)--Oct. 1, 2001 CyberCare, Inc. (Nasdaq:CYBR CYBR Copy Byte Right ) announced that its Sweden-based subsidiary, CyberEuroCare has executed a Letter of Intent with JM AB, Sweden's leading residential housing project developer, to test the viability of the Electronic HouseCall(R) (EHC EHC Environmental Health Criteria EHC Environmental Health Center (NSC) EHC Eishockeyclub (German) EHC Extended Health Care (Plan) EHC Emory and Henry College ) System products and services in existing and planned housing for the elderly. This pilot program conducted by JM and CyberEuroCare integrates the EHC products into specially equipped apartments in Stockholm, Sweden. Equipped with a variety of Internet-based and other technical functions, senior tenants will have the ability to purchase goods, communicate, control household functions and receive medical monitoring without leaving home. "This partnership showcases CyberCare's family of products' functionality by enabling elderly to have facilitated housework, increased safety and quality healthcare at their convenience," said Daniel W. Bivins, Jr., president of CyberCare International. "The chance to partner with major organizations across Europe, like JM, validates our commitment to bringing excellence in global telehealth." Independent scientists have been retained to conduct the technical, social and medical evaluation of the pilot results. "Our relationship with CyberEuroCare provides a clear assisted-living solution to the needs of many of our tenants," said Carl Eric Stalberg, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of JM. "Upon achieving a successful pilot result, we plan to offer the EHC solution to customers in JM's portfolio of residential developments throughout Sweden, Norway and Denmark." JM currently maintains a market share of more than 50 percent of tenant-owned apartments in Sweden, with over 27,000 units in their portfolio. Through the acquisition of Byggholt AS and AS Prosjektfinans in Norway, JM has also become one of the leading residential project developers in Norway and Denmark. 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., Cyber-Care 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. . 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 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, 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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