VisualMED Clinical Solutions Corp. (The “Company”) (OTCBB: VMCS) (FRANKFURT: VA6) announces that it has completed a comprehensive corporate and operations restructuring in order to focus on its more promising markets of oncology, Internet and private clinics.
“Much of this will involve licensing the technology to resellers such as VisualMED Distribution Inc., Medical.MD and Integrated Cancer Care Corp. VisualMED is to become a provider of technology, implementation support, integration and maintenance services to its licensees and distributors in exchange for fees and a steady royalty stream,” notes VisualMED Chairman Gerard Dab. “We will continue to be a developer of unique technology while seeking sales and marketing partnerships. This restructuring allows the company to diversify sources of revenues and helps to keep expenses in line with revenues.”
The new business focus is proving promising. Our reception at the American Society of Clinical Oncology (ASCO) 2008 annual meeting in June garnered much attention and sales interest for our oncology technology, particularly at the specialized EHR lab.
With the deployment of our VisualONCOLOGY module at the McGill University affiliated Segal Cancer Center and the coming implementation of at Montreal’s St. Mary’s Hospital, our oncology platform is rapidly finding a niche in the market for improving cancer care.
We are pursuing our partnership with Plexo Inc. developing a comprehensive clinical management system for this leader in private executive health.
A significant part of this new orientation has been a major overhaul of our executive team that has seen Dr. Arthur Gelston, CFO Mr. Larry Kurlender and VP Finance Ms. Jayne H. Kirby leave the company to pursue other opportunities.
“We will continue to grow our business through new partnerships,” concludes Mr. Gerard Dab. “We now focus on markets that are willing and ready to adopt our technology.”
ABOUT VISUALMED
VisualMED Clinical Solutions Corp. creates and maintains complex clinical information solutions that help hospitals healthcare authorities and private healthcare facilities eliminate medication errors, increase personnel efficiency and reduce operating costs. Its unique proprietary technology and data management software are core components of the new agenda to promote greater patient safety and to implement real quality control in a healthcare setting.
Detailed information on our company and its products is available on our web site at www.visualmedsolutions.com.
Forward-Looking Statements
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management’s best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company’s products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
Contact: Barry Scharf C.O.O. VisualMED Clinical Solutions Corp. Tel: 514 274 1115
SOURCE: VisualMED Clinical Solutions Corp.
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