digiMedical Solutions, Inc(TM) Completes Acquisition and Merger; Company Closes $15 Million Dollars in Acquisition Revenue and Becomes Public.COLLEYVILLE, Texas Colleyville is a city in Tarrant County, Texas, United States. The population was 19,636 at the 2000 census. Geography Colleyville is located at (32.885062, -97.149233)GR1. -- digiMedical Solutions, Inc. (Pink Sheets:DGMS DGMS Don't Get Me Started DGMS Directorate-General of Mines Safety (India) DGMS Data Grid Management System DGMS Department for Culture, Media and Sport (United Kingdom) ), formerly Game Technologies, Incorporated announced today the finalization Writing the table of contents (TOC) on a recordable CD or DVD disc. The finalization process ensures that the disc can be played back on most CD and DVD players. See disc-at-once. of the company's first acquisition as well as the completion of a merger with Game Technologies, Inc. On June 7, 2006, digiMedical Solutions, Inc. finalized the acquisition of Harrington's Pharmacies and Apothecary apothecary /apoth·e·cary/ (ah-poth´e-kar?e) pharmacist. a·poth·e·car·y n. pl. a·poth·e·car·ies Abbr. ap. 1. Pharmacies owned and operated by Timothy A. Hayes and Suann Hayes. The acquisition secured $15 million of revenue in six (6) locations (two (2) pharmacies in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. , three (3) pharmacies in Naples, Florida Naples is a city in Collier County, Florida, USA. As of 1 July 2006, the U.S. Census Bureau estimated the city's population at 21,804.[3] Naples is the County seat of Collier County, and is a Principal City of the Naples-Marco Island, Florida Metropolitan Statistical and one (1) pharmacy in Ft. Myers, Florida.) On June 27, 2006, the Company entered into a merger with Game Technologies, Inc., a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada. Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven. . Game Technologies, Inc., as the surviving corporation, completed a reorganization pursuant to which the privately held digiMedical Solutions, Inc. transferred all company assets and liabilities to Game Technologies. Filed as part of the Articles of Merger, Game Technologies changed its name to digiMedical Solutions, Inc. as well as appointed Edwin W. McPherson as Chairman of the Board and David W. Lee as Director, President and Chief Executive Officer. The former Directors and Officers resigned their commissions and the company installed its Vice Presidents and management team. Effective Monday, July 10, 2006 the company's new trading symbol Trading symbol See: Ticker symbol is: DGMS. Timothy A. Hayes, former owner and operator with over 42 years of experience, reflects on his sale to digiMedical Solutions, Inc., "Suann and I are delighted to be the initial acquisition of digiMedical Solutions. In the test marketing with digiMedical Solutions for the four months prior to the acquisition we have witnessed an increase in our volume paired with an increase in our gross profit and, subsequently, in our net profit. The increase in gross profit during this short period can be applied directly to the bottom line because we have had minimum increase in our operational costs. I attribute this increase to the incorporation of digiMedical Solutions' business model where local targeted doctors are directly linked to our pharmacies through a digital wireless prescribing device, digiRX(TM). The improvement seen in this relatively short period of time is the beginning of what I anticipate to be additional increases in revenues through the addition of new doctors and their patient flow through digiRX(TM)." Tim continues, "Speaking as an independent pharmacy An independent pharmacy is a retail pharmacy that is not directly affiliated with any chain pharmacy, such as CVS/pharmacy, Walgreens or Eckerd. However, owners of independent pharmacies will often form alliances with other independents and use their power in numbers to bargain for owner operating a traditional pharmacy business model, it has become increasingly difficult over the last decade. Competition from the mega pharmacy chains combined with changes in Medicare and Medicaid Medicare and Medicaid U.S. government programs in effect since 1966. Medicare covers most people 65 or older and those with long-term disabilities. Part A, a hospital insurance plan, also pays for home health visits and hospice care. benefits, most recently Medicare Part D, have presented the independents with competitive challenges. In today's environment the "corner drug store" is at a significant disadvantage. By combining our pharmacy operations with digiMedical Solutions we can level the playing field and become a meaningful competitor in the modern day pharmacy environment." David Lee David Lee may refer to:
About digiMedical Solutions, Inc. digiMedical Solutions, Inc. (http://www.digimsinc.com) is a pharmacy and medical technology company focused on developing next generation digital medical technology with an emphasis on digital prescriptions (d-Prescriptions) that will more closely align the doctor, pharmacist and patient. The company's planned growth will come from three channels: direct marketing of the company's wireless base d-prescription technology to doctors, acquisition of independent pharmacy chains and the sale of certain territories to "market partners" licensed to exploit the digiMedical Solutions model. digiMedical Solutions, Inc. currently owns and operates six (6) pharmacies located in Texas and Florida. digiMedical Solutions' unique business model brings doctor, patients and pharmacies into next generation medical technologies. 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 included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "believe," "intends," "estimates," including without limitation, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations. |
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