Transcend Services Announces Acquisition of OTP Technologies, Inc.ATLANTA -- TRANSCEND TRANSCEND Cardiology A clinical trial–Telmisartan Randomized Assessment Study in ACE-1 Intolerant Patients with Cardiovascular Disease–designed to evaluate the benefits of telmasartan in Pts with HTN who cannot tolerate ACE inhibitors. SERVICES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (TRCR/Nasdaq Market) today announced that OTP (1) (One Time Programmable) Refers to programming content or logic into chips such as EPROMs and EEPROMs, which cannot be reversed. See antifuse. (2) (One Time P Technologies, Inc. (OTP), a Chicago area medical transcription
Jim and Sharon Vonderhaar, the founders of OTP, are well known transcription leaders in the Chicago market. Their first medical transcription company, DataLogix, was purchased by Transcend in 1993. OTP's customers consist primarily of Chicago area hospitals. Sharon Vonderhaar stated, "We are excited to once again join the Transcend team. Transcend brings us the technology that we need to meet our customers' expanding needs. Transcend's BeyondTXT platform will allow us to keep pace with our growth so that we can continue to provide superior service to the healthcare community in and around Chicago." Transcend 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. Larry Gerdes added, "Jim and Sharon have always been extremely committed to their customers. Having them join our team is a key way for us to grow our business in the Midwest and will only enhance our ability to offer excellent service to our customer base in the Chicago area." The transaction was structured as a purchase of certain of the assets of OTP by Transcend. OTP had 2006 revenue of approximately $1.2 million. About Transcend Services, Inc. Transcend believes that accurate, reliable and timely transcription creates the foundation for the patient medical record. To this end, the Company has created Internet-based, speech-recognition enabled, voice-to-text systems that allow its skilled medical language specialists to securely and quickly produce the highest quality medical documents. The Company's wide range of transcription and editing services encompass everything needed to securely receive, type, edit, format and distribute electronic copies of physician-dictated medical documents, from overflow projects to complete transcription outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. . For more information, visit http://www.transcendservices.com. This press release contains "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 21E of the Securities Exchange Act of 1934, as amended, Section 27A of the Securities Act of 1933, as amended and pursuant to 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. Such forward-looking statements may relate to financial results and plans for future business activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are competitive pressures, loss of significant customers, the mix of revenue, changes in pricing policies, delays in revenue recognition, lower-than-expected demand for the Company's products and services, business conditions in the integrated health care integrated health care, n healthcare services combining the best of conventional and complementary health care. delivery network market, difficulties in implementing our offshore outsourcing Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. objectives, general economic conditions, and the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such speak only as of the date made. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion