CyberEuroCare Initiates European Demonstration Project.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.--(BUSINESS WIRE)--June 13, 2001 Cyber-Care, Inc. (Nasdaq:CYBR CYBR Copy Byte Right ), CyberEuroCare AB, a Sweden-based subsidiary of Cyber-Care, Inc., announced today that its Nordic division will initiate a demonstration project of 100 broadband 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 ) products in Sweden, commencing Aug. 1, 2001. The project will showcase the CyberCare System, consisting of the EHC(TM) family of products, CyberHealth Manager(TM) and CyberCare 24 Network(TM), to the European healthcare, commercial and governmental markets. Daniel W. Bivins, Jr., director of international affairs Noun 1. international affairs - affairs between nations; "you can't really keep up with world affairs by watching television" world affairs affairs - transactions of professional or public interest; "news of current affairs"; "great affairs of state" for Cyber-Care said, "CyberEuroCare is excited to introduce its telehealth solution to the European community European Community: see European Union. European Community (EC) Organization formed in 1967 with the merger of the European Economic Community, European Coal and Steel Community, and European Atomic Energy Community. in this working demonstration project, with additional projects in various stages of development throughout Europe." As previously announced on March 16, 2001, CyberEuroCare signed a letter of intent with Alleato AB, a Swedish company owned by telecom company Ericsson, Swedish insurance group Skandia and Huddinge University Hospital, to form CyberEuroCare Nordic to market and sell the CyberCare System in the Nordic region (Sweden, Denmark, Finland, Norway and Iceland). Alleato offers technology and services within the areas of security, safety and health, enabling people to continue living at home throughout life's many different phases, with new health and medical care solutions. Huddinge Hospital supplies Alleato with knowledge resources and access to an environment where new solutions for healthcare may be developed. Alleato, which was initiated and supported by Ericsson and further developed in cooperation with Skandia, uses technology based on open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced and open platforms like the Open Service Gateway initiative (OSGi), WAP (1) (Wireless Access Point) See access point. (2) (Wireless Application Protocol) A standard for providing cellular phones, pagers and other handheld devices with secure access to e-mail and text-based Web pages. and Bluetooth. Ericsson is a leading communications supplier and an innovator in the creation of the new era of mobile Internet Refers to gaining access to the Internet using a lightweight, handheld device. See Mobile IP, PDA, smartphone and mobile TV. . Ericsson provides total solutions covering systems and applications to mobile phones and other communications tools, with more than 100,000 employees in 140 countries. Skandia is an insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company and is Sweden's oldest and largest insurer. It also commands a substantial position in Europe and the United States with more than 10,000 employees and 20 worldwide offices. Huddinge University Hospital is one of the leading university hospitals in northern Europe. It provides highly specialized medical care and is a center for medical research and training. About Cyber-Care, Inc. Cyber-Care, Inc. is a network-based telehealth solutions company improving the delivery of care through its Internet-based technology. Cyber-Care creates a live, interactive community that incorporates all members of the care team in the delivery of the healthcare process, resulting in cost reduction and improvement in the quality of patient care. Utilizing patented technology for remote monitoring and real-time interactive communications between chronically ill patients and their providers, Cyber-Care'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 online pharmacy business. Visit Cyber-Care's Web site at 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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