U.S. MedSys Corp. Announces Year-End Financial Results.DENVER Denver, city (1990 pop. 467,610), alt. 5,280 ft (1,609 m), state capital, coextensive with Denver co., N central Colo., on a plateau at the foot of the Front Range of the Rocky Mts., along the South Platte River where Cherry Creek meets it; inc. 1861. -- U.S. MedSys Corp. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :UMSY) (OTCBB:UMSYE) announced it has filed its annual report on Form 10-KSB for the fiscal year ended June 30, 2004. UMSY is a medical network development, marketing, and distribution organization which provides medical technology and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to the healthcare industry.
E[acute accent acute accent
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.
b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.
c. ]Following is a summary of select financial highlights.
E[acute accent]As of June 30, 2004, the company reported total assets of $3,018,040, total liabilities of $133,173 and shareholder equity of $2,884,867.
E[acute accent]For the year, the company reported revenue of $201,820, a net loss of $1,891,495 and a net loss per share of $.08.
E[acute accent]Investors are encouraged to review the complete report available at www.sec.gov or at the company's website at www.usmedsyscorp.com.
E[acute accent]Peter G. Futro, 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. , said, "We are pleased with the performance exhibited by our company during our emergence from being a development stage business. During the past year, we have developed and implemented an integrated growth program for our companies. We are very excited about the ability to present a multi-faceted delivery system for disease management, further augmenting our technology placement program. As an example, the combination of Global Medical Direct, LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control (GMD (company) GMD - Full name: "GMD - Forschungszentrum Informationstechnik GmbH" (German National Research Center for Information Technology).
Before April 1995, GMD stood for "Gesellschaft für Mathematik und Datenverarbeitung" - National Research Center for Computer Science, ) and PMC/Foot Care, LLC allows products and services in the diabetes area to be integrated with foot care to create a cost effective and balanced disease management program. We are continuing to implement a strategy that can provide service without the inefficiencies that arise in moving between care organizations. We feel this balanced approach is the future of disease management and healthcare."
E[acute accent]About U.S. MedSys Corp.
E[acute accent]U.S. MedSys Corp. is a network development, marketing, and distribution organization which provides medical technology and support services to the healthcare industry. U.S. MedSys Corp. is focusing on its core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Home Health Care Equipment, which provides comprehensive services to hospitals, long term care facilities and home care patients in the metropolitan New York and New Jersey area. The company out-sources other functions, such as manufacturing, related engineering and product development. For more information see www.usmedsyscorp.com.
E[acute accent]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 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as competition in the markets for the company's products and services and the ability of the company to execute its plans. By making these forward-looking statements, the company can give no assurances that transactions described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this press release.