ImageXpres Corporation Distributor Signs Three-Year Agreement with Consorta, Inc., to Sell Print Solution One Systems to 500 U.S. Hospitals.ROCHESTER Rochester (rŏch`ĕstər, –ĭstər). 1 City (1990 pop. 70,745), seat of Olmsted co., SE Minn.; inc. 1858. , N.Y. -- ImageXpres Corporation (NQB NQB National Quotation Bureau, Inc (now Pink Sheets) Pink Sheets: IMJX) announced today that Strong Value Group of Weston Weston, town (1990 pop. 10,200), Middlesex co., E Mass., W of Boston; settled c.1642, set off from Watertown and inc. 1713. The town is mainly residential. Regis College, the Weston College Geophysical Observatory, and many 18th-century buildings are there. , Fla., its exclusive U.S. distributor of ImageXpres medical systems solutions, has signed a three-year agreement with Consorta, Inc., whereby Consorta will purchase Print Solution One(TM) systems for its member hospitals throughout the U.S. The contract has a potential value of $20 million in sales revenue over a three-year period, with ongoing savings to hospitals of over 90% of their film costs. ImageXpres is a digital imaging company headquartered in Rochester, N.Y. The Company develops imaging solutions for the commercial printing, consumer photo, and diagnostic imaging market segments. "This is a significant achievement in our collaborative effort to market digital imaging solutions to the medical marketplace," said the Company's President, John S. Zankowski. "We now have the capability to deliver our systems to hundreds of hospitals throughout the U.S." ImageXpres and Strong Value Group (SVG (Scalable Vector Graphics) A vector graphics format from the W3C for the Web that is expressed in XML. Introduced in 2001, SVG was designed to become the standard vector format just as GIFs and JPEGs have become the standard bitmaps for the Web. ) signed a distribution agreement to market ImageXpres products and services in May 2004. Stong Value Group is a healthcare consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a working directly with national healthcare suppliers. SVG provides business solutions designed to reduce costs and improve cash flow for its hospital customers. Additional information about Strong Value Group can be found at SVG's website, www.strongvalue.com . The Company offers the Print Solution One(TM), a radiology radiology, branch of medicine specializing in the use of X rays, gamma rays, radioactive isotopes, and other forms of radiation in the diagnosis and treatment of disease. plain paper print solution driven by software from Aycan Aycan (2004) is a danish techno, dance, electronica, and pop group from Aalborg, Denmark. They are formed by three members, Crapman, Mette, and Darwich. Darwich provides the beats mainly and does not normally join Crapman and Mette on their tours and concerts, [1]. medical systems and output from Xerox printers, which significantly reduces hospital costs by offering referring physicians a high quality plain paper image instead of images on x-ray film Noun 1. X-ray film - photographic film used to make X-ray pictures bitewing - a dental X-ray film that can be held in place by the teeth during radiography . After a one-time purchase price of approximately $40,000 (List), the savings to the hospital compared to film exceeds 90% while offering comparable quality images. SVG has signed a three-year agreement with Consorta, Inc., a group-purchasing organization based in Schaumburg, Ill. The agreement took effect in December 2004, and covers Print Solution One(TM) systems. Product installs at Consorta member hospitals are currently underway, and with over 500 hospitals in the Consorta Group purchasing organization A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. , the agreement marks the beginning of what could prove to be a substantial new revenue stream for the Company in the medical market segment. The Company is targeting the large GPO segment of the hospital market, offering several unique digital imaging solutions designed to generate new revenue opportunities. "This contract with Consorta validates our utilizing SVG as our exclusive distributor into the medical marketplace," said Mr. Zankowski. "We are glad to be working so closely with a company as strong as SVG, and we are excited about the prospects for ImageXpres medical solutions sales during this fiscal year and beyond." Shareholders and customers who would like to obtain additional information about the Company's medical products and services can contact the corporate office at 585-325-5078. ImageXpres Corporation can be found at its website, www.imagexpres.com . Statements in this press release about the company's future expectations, including the rate of growth of the Company's revenues derived from sales of its safety and security products, and all other statements in this release other than historical facts, 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. " within the meaning of Section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in 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. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports and financial statements. |
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