MedLink International Enters into Letter of Intent to Acquire a Controlling Interest in Anywhere MD.ISLANDIA, N.Y. -- MedLink International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : MLKNA) announced today that it has signed a Letter of Intent to acquire a majority interest in Anywhere MD, Inc. (Other OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : ANWM ANWM Asus Network Web Management ). The specific financial terms of the deal were not disclosed. Anywhere MD recorded unaudited 2005 year-end sales of approximately $643,000, roughly 81% of which came from the sale of its proprietary medical software along with technical support for their solutions. The acquisition is subject to approval by both the MedLink and the Anywhere MD Boards of Directors, as well as additional approvals and the satisfaction of other undisclosed terms and conditions. The companies will begin due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. with the intent of closing the transaction within the next ninety days. MedLink and Anywhere MD will synergize and leverage their technology platforms to advance the development of their respective products to better compete in the evolving Health Information Technology (HIT) sector. In addition, MedLink and Anywhere MD plan to combine research and development on a new ASP practice management application that will integrate both the MedLink EHR (Electronic Health Records) Computerized medical records that bring patient care into the digital age and save time, money and lives. The push to adopt comprehensive electronic documentation between doctors' offices and hospital settings intensified after the RAND (Electronic Health Records), including the MedLink Billing application, and the MedLink VPN (Virtual Private Network) A private network that is configured within a public network (a carrier's network or the Internet) in order to take advantage of the economies of scale and management facilities of large networks. (Virtual Private Network). This new combined solution will build upon the already existing MedLink Auto-Doc and Auto-Pilot applications and will seek to maximize the digital record keeping, storage and sharing solutions already available to point of care physicians, and offer such new features as enhanced utility and value in a more comprehensive secure one-stop digital record storage solution. Ray Vuono further stated: "We believe that with our combined technologies MedLink and Anywhere MD will both be far more competitive, and will be able to offer greatly enhanced solutions of greater value to healthcare practitioners, medical facilities, patients, and our partners. We are striving to build our existing technologies into world-class solutions, offering improved service to our clients, and building more value for our shareholders." About Anywhere MD, Inc.: Anywhere MD Inc. (Other OTC: ANWM) provides state-of-the-art HealthCare Technologies that are shaping a new generation of patient care. Anywhere MD's expertise in clinical documentation for physicians offers a broad range of technology products to improve productivity for healthcare providers and enable them to diagnose diagnose /di·ag·nose/ (di´ag-nos) to identify or recognize a disease. di·ag·nose v. 1. To distinguish or identify a disease by diagnosis. 2. , treat and manage patient information at the highest level. Anywhere MD, Inc. develops, markets, sells and supports proprietary software applications for mobile handheld devices. These mobile applications provide the physician with the most recent and accurate healthcare information at the "Point Of Care." This technology eliminates a confusing and tedious 'paper trail' that can lead to inaccurate and inadequate patient charting, resulting in malpractice malpractice, failure to provide professional services with the skill usually exhibited by responsible and careful members of the profession, resulting in injury, loss, or damage to the party contracting those services. suits and poor patient care. Anywhere MD, Inc. is headquartered on the central coast of California The Central Coast is an area of California, United States, roughly spanning the area between the Monterey Bay and Point Conception. It extends through Santa Cruz County, San Benito County, Monterey County, San Luis Obispo County, and Santa Barbara County. and is committed to serving thousands of healthcare professionals across the USA, Canada, Europe, Asia and Australia. Company web site is http://www.anywheremd.com About MedLink International, Inc.: MedLink International (OTCBB:MLKNA; BE:WM6A, BE:WM6B) is a holding company for its suite of subsidiaries that support the MedLink VPN (collectively "MedLink"). Utilized in conjunction with the security platforms of the MedLink VPN which allows subscribing doctors and others to securely communicate and to remotely access and retrieve patient records, lab results, X-Rays, CAT Scans CAT scan (kăt) [computerized axial tomography], X-ray technique that allows relatively safe, painless, and rapid diagnosis in previously inaccessible areas of the body; also called CT scan. and other pertinent patient information. The Company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. the MedLink EHR provides patient-centric data. The primary care doctor utilizes MedLink EHR to gather and update the data on his or her patients. The MedLink EHR is used as a practice management system, it provides for the consolidation of data among the disparate networks, whereby it goes out like a powerful search engine within a doctor's own private network and collects and organizes the data into an application that provides for all of a doctor's records to be stored on their local database while keeping connected to all the networks their practice is affiliated with. Additional information about MedLink International and the MedLink VPN may be found at http://www.medlinkus.com. Note on 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. : Statements contained in this press release, which are not historical facts, are forward-looking statements 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. These forward-looking statements are based largely on current expectations and are subject to a number of known and unknown risks, uncertainties and other factors beyond our control that could cause actual events and results to differ materially from these statements. These statements are not guarantees of future performance, and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. MedLink International, Inc. undertakes no obligation to update publicly any forward-looking statements. |
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