Greenlight Seeks to Acquire Management of Medical Clinics.TORONTO--(BUSINESS WIRE)--Aug. 8, 1997--Greenlight Communications (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. , OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. GLCT GLCT Graphical Local Craft Terminal .) As part of the ongoing development of the "Virtual Clinic" concept, Greenlight Communications Inc. (Greenlight), announced today that it is seeking out strategic partners and acquisitions in the medical clinic field. Don Gray, 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. of Greenlight commented, "The cornerstone of the 'Virtual Clinic' concept is the access by the patient to an Electronic Medical Record. The most effective way to initiate that process is through the patient's existing relationship with a medical clinic or family practice office." The spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. benefit of an Electronic Record is that it will improve the practice of medicine in a physician's office, which will prove to be highly attractive to interested physician groups. Bill MacLeod, the President of HealthLink, the Greenlight company under which the "Virtual Clinic" concept will operate, stated "The 'Virtual Clinic' will be built on a foundation of solid relationships with Family Physicians. Seeking out those relationships is a critical first step in our implementation plan." Greenlight is a healthcare information technology company, providing multimedia services and patient record technology to the healthcare industry-pharmaceutical manufacturers, healthcare providers, educational and medical institutions and consumers, under the name HealthLink Communications 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. . Greenlight also controls Motion Works Group Limited, a full service "all media" company listed on the Senior Board of the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). (symbol - MW) and OTC Bulletin Board in the US (symbol - MWKGF). Greenlight trades on the Canadian Dealing Network (symbol - GLCT), OTC Bulletin Board in the US (symbol - GLCT), Berlin Exchange (symbol - GLC) and the number of shares outstanding is approximately 8 million. CONTACT: Greenlight Communications Inc. Debra Demeza, 416/214-2001 ext 111 Web Site: http://www.greenlight.ca |
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