Datalink.net Unveils Prototype Targeting the Healthcare Industry; Company's wireless technology is key to solving real-time information needs of healthcare market.Business Editors SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 10, 2000 Datalink.net (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :XLNK XLNK Xml Linking Language ) in conjunction with Simkin, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Datalink.net, today unveiled a product enabling the approximately 550,000 U.S. physicians and other healthcare professionals to have instant access to medical data in a way that promises to revolutionize the way the healthcare industry sends and receives critical drug and health information. Extending its reach into the emerging wireless healthcare market, Datalink.net a leading wireless application service provider and infrastructure architect, last month announced its acquisition of Simkin, Inc. of Florida, a producer of pharmaceutical and medical software tools with on-site and computer assisted training programs. "Datalink.net is dedicated to providing unique, advanced, effective solutions to real-world communications issues in major vertical markets," said Anthony N. LaPine, Datalink.net chairman and 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. . "$76 billion per year is wasted on inappropriate prescription drug use alone. The prototype will streamline operations with wireless access to actionable information, which is essential to bolstering the financial stability of the healthcare industry." Founded in 1982 by Dr. J. Daniel Robinson, Simkin, Inc. provides software and clinical training to more than 900 hospitals in the U.S. and 100 in Europe and Asia, including the Mayo Clinic, Mount Sinai, John F. Kennedy "John Kennedy" and "JFK" redirect here. For other uses, see John Kennedy (disambiguation) and JFK (disambiguation). John Fitzgerald Kennedy (May 29, 1917–November 22, 1963), was the thirty-fifth President of the United States, serving from 1961 until his assassination in , University of Illinois University of Illinois may refer to:
A trademark for Physicians' Desk Reference, a group of reference books containing drug listings, especially one for prescription drugs. PDR )); Baxter Healthcare, the largest healthcare company in the world; Merck Pharmaceuticals; Roche Diagnostics, a division of Hoffman-LaRoche Pharmaceuticals; Health Care Systems Software; and Dade Behring, the largest clinical laboratory company in the world. "Currently, drug recalls, infectious and toxicological outbreaks, new drug usage discoveries, and side effects can take days or even weeks to reach the physician," stated Dr. Daniel Robinson, Simkin founder. "With Datalink.net's wireless technology, we'll be able to provide up-to-date, prescription information directly on the wireless palm device. The effects, in terms of time, money and lives saved, will be enormous." Datalink.net - The Wireless Architects(TM) Datalink.net powers a new generation of wireless devices, enabling enterprises and consumers to customize, interact with and respond to critical business data. As a pioneering wireless application service provider and infrastructure architect, Datalink.net has become the top provider of consumer wireless data and the first company to deliver real-time wireless financial information. In conjunction with Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. , Datalink.net developed Global Market Pro(TM), a wireless application for traders and financial professionals. Through its acquisition of Cross Communications the company serves a portfolio of marquee customers, including AOL, AT&T, Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Citibank, EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. , Motorola and Qualcomm. Datalink.net is based in San Jose, CA with research facilities in Vancouver, British Columbia and offices in Chicago and New York. For more information: http://www.datalink.net. Simkin, now a wholly-owned subsidiary of the Datalink.net, was founded in 1982 and purchased by Datalink.net in September 2000 in a stock-for-stock transaction with a performance earn-out. The firm is profitable, with meaningful recurring revenues. The earn-out requires a growth in revenue of $12.5 million which will result in the issuance of 2.2% of Datalink.net's outstanding shares. Simkin is a leading provider of breakthrough pharmaceutical software tools, innovative clinical training, education programs, and cutting-edge outsource development services to healthcare practitioners. The company's services are designed to improve patient care, decrease healthcare costs, and meet evolving accreditation requirements. This release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. Although the Company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable it can give no assurance that such expectations and assumptions will prove to have been correct. |
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