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Patient Access Solutions Announces Expansion Into the Retail/Manufacturing Market

Posted on: Tuesday, 22 July 2008, 09:01 CDT

Patient Access Solutions, Inc. (OTCBB: PASO), a leading provider of healthcare and financial processing solutions for the healthcare, homecare, and dental industries, announced today an expansion into the retail/manufacturing industries.

The new subsidiary company formed in New York by us, DPAS Inc., will concentrate on the multitude of opportunities that have been presented to our management team over the past few weeks. The industries include the food industry, building services, banking, transportation and manufacturing.

According to Bruce Weitzberg, CEO and President of Patient Access Solutions, "As more opportunities are presented to us for the DPAS digital pen solution, we will work with our team to accommodate the demand in other industries. The key to our success in these vertical markets is having the ability to work closely with each company by allowing them to run their own 'in-office' pilot program using D-PAS first hand. We feel that once these programs are completed, and contracts are signed, it will open up many new outlets for our DPAS solution, and will drastically increase the opportunities to add significant revenue to the bottom line.

"Our innovative platforms can process all types of forms and store them in a data repository for easy access. This is what these industries are looking for and we provide one of the most cost effective ways to provide them this type of service."

About Patient Access Solutions Inc. (www.pashealth.com)

Patient Access Solutions Inc. (PASHealth) is a Healthcare Solutions company which has created a formidable array of technology, resources and allies to enable it to become an agent of radical change in what has traditionally been a slowly evolving healthcare environment.

The PASHealth Web Portal System and terminal-based solutions offer electronic medical eligibility, electronic referrals, and service authorizations, electronic claims processing, drug formularies, electronic prescriptions, electronic medical records and patient data, automating the labor intensive and expensive manual process currently used by many facilities and healthcare providers. Our D-PAS product utilizes digital pen & paper technology, to capture handwritten information from the doctor or office personnel, transfer it into a digital form into the PAS web portal and utilize the data to initiate workflows in a secure environment. A patients' medical history and patient records are used to initiate necessary workflows within the web portal, securely and much more efficiently, empowering the healthcare business process. In addition, the Web Portal System offers a complete suite of self pay receivable management solutions for the healthcare facilities.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Patient Access Solutions Inc. Securities and Exchange Commission filings available at http://www.sec.gov.

 Investor and Sales Information Patient Access Solutions 866-280-1156  

SOURCE: Patient Access Solutions Inc.

Source: MARKET WIRE

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