MarkCare Medical Systems and IBM Initiate Relationship.Business Editors BLOOMFIELD, N.J.--(BUSINESS WIRE)--May 17, 2000 Mark Solutions, Inc.'s (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 SmallCap Market: MSOL MSOL Microchips Shop on Line MSOL Master of Science Organizational Leadership (educational degree) MSOL Microsoft Open License MSOL Microsoft Office Live ) subsidiary, MarkCare Medical Systems, Inc., announced today that IBM's eHealth Division has partnered with a MarkCare distributor, CHROME Global, to jointly pursue the Australia/New Zealand clinical imaging market, including PACS (Picture ArChiving System) A storage and management system for high-resolution images. Typically pertaining to the medical field, images such as X-rays, MRIs and CAT scans require a greater amount of storage than other industries. . CHROME Global's experienced, senior sales force has primary responsibility for marketing. IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , responsible for responding to customer Requests For Proposal (RFP (Request For Proposal) A document that invites a vendor to submit a bid for hardware, software and/or services. It may provide a general or very detailed specification of the system. 1. (business) RFP - Request for Proposal. 2. ), is serving as the prime contractor supplying hardware and systems integration services. The partnership is already actively responding to RFP's. Carl Coppola, Chief Executive Officer of MSI MSI: see integrated circuit. (1) (MicroSoft Installer) See Windows Installer. (2) (Medium Scale Integration) Between 100 and 3,000 transistors on a chip. See SSI, LSI, VLSI and ULSI. , stated, "This agreement gives us an opportunity to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. untapped revenue in a part of the world we have not previously been able to reach." Mr. Clunies-Ross, Health Industry Manager, IBM ANZ ANZ Australia and New Zealand ANZ Australia and New Zealand Banking Group Limited ANZ Air New Zealand (NZ national airline) , said, "As healthcare organizations continue to broaden their operations, the need for integrated, secure, scaleable networks is leading healthcare organizations toward some form of Internet-based communications. Internet-based technologies now point the way to methods of improving; care systems and patient responsiveness, while streamlining cost of operations and improving communications within increasingly far-flung healthcare organizations. "The strength of IBM and CHROME Global's offerings in the e-health area is the end-to-end integrated solutions, that enables the achievement of the client's business objectives through web-enabled clinical information management," he went on to add. MarkCare's proprietary PACS enables the digital capture and storage of all types of radiological images (x-rays, MRI's CT's, etc.). The expense to purchase and develop film is eliminated in a PACS-based radiology department. The use of PACS allows for increased productivity from the radiology department by sharply reducing the turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. of a radiological report and increasing patient throughput. The percentage of lost images and files is virtually reduced to zero versus loss rates of 8% or more in typical hospitals. Up-to-date patient history is available at all times, and can be viewed simultaneously from multiple locations including via the Internet. Digital image archiving virtually eliminates the need for large film storage rooms. About MarkCare Medical Systems MarkCare is a technology and marketing driven company providing innovative solutions to opportunities in the growing healthcare industry. MarkCare has developed a proprietary Intelligent MultiMedia Interface and has embedded its software in a Picture Archiving and Communications System. About CHROME Global CHROME Global Limited is based in Perth, Australia, and its shares are traded on both the Australian and New Zealand Stock Exchanges New Zealand Stock Exchange Automated, screen-based national trading system based in Wellington. . It is an Internet and e-commerce provider. Additional information about CHROME Global can be found on their web site at www.chromeglobal.com. About IBM IBM strives to lead in the creation, development and manufacture of the industry's most advanced information technologies, including computer systems, software networking systems, storage devices and microelectronics. IBM translates these advanced technologies into value for our customers through our professional solutions and services businesses worldwide. With nearly 300,000 employees in some 160 countries, IBM has provided reliable customer solutions for more than 88 years. IMPORTANT NOTE: This press release may contain forward-looking statements within the meaning of 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. These statements are based on current plans and expectations of Mark Solutions, Inc. and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward-looking statements. Important factors that could cause actual results to differ include the timing of project completion, timely collection of receivables, meeting financial requirements, competition and changes in technology. |
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