October 10, 2008
CareView Communications, Inc. Announces Execution of Agreement With Hillcrest Medical Center
CareView Communications, Inc. ("CareView" or the "Company") (Pink Sheets:CRVW), an information technology provider to the healthcare industry, announced today the execution of an agreement contract with Hillcrest Medical Center ("Hillcrest"), a 607-licensed bed tertiary medical center located in mid-town Tulsa, Oklahoma. Under the agreement, Hillcrest engaged CareView to provide the CareView System(TM) in its patient rooms as well as additional areas throughout the hospital.
The CareView System(TM) is a suite of products that brings the information technology of the 21st century directly to patients, families and healthcare providers by connecting them through one easy-to-install and simple-to-use system. This collaboration will allow Hillcrest to provide:
-- The ability to implement audit tools to insure that quality standards are being met and safety measures are being complied with, as both will be used to further educate caregivers at Hillcrest to continually enhance quality and safety for their patients.
-- Doctors, nurses and other healthcare providers with the ability to efficiently and cost-effectively monitor, treat and visit their patients.
-- Family members and friends with the ability to use the Internet to monitor, visit, and correspond with their loved ones who are patients at Hillcrest.
-- Patients and their visitors with direct access to on-demand high-speed Internet and first run movies in their rooms.
"At Hillcrest Medical Center, we strive every day to provide quality clinical care in a healing environment for our patients, and their family and friends. We already have several new and innovative programs and initiatives in place to ensure that we are delivering the highest level of quality care to our patients, and our new partnership with CareView further illustrates our vision," said Steve Dobbs, Chief Executive Officer, Hillcrest Medical Center.
"We are delighted to have Hillcrest Medical Center as the newest member of the CareView family. Clearly, this forward thinking group of healthcare professionals are dedicated to providing the highest level of patient quality in the safest environment possible," stated Samuel A. Greco, CareView's Chief Executive Officer.
Governor Tommy G. Thompson, the Company's Chairman of the Board and former Secretary of Health and Human Services, stated, "I have long been a staunch advocate of improving technology in our hospitals and Hillcrest Medical Center is a leader in bringing the healthcare industry into the Information Age."
About CareView Communications, Inc.
CareView has created a proprietary high-speed data network system that can be deployed throughout a healthcare facility using the existing cable television infrastructure. This network supports CareView's Room Control Platform and complementary suite of software applications designed to streamline workflow and improve value-added services offered to customers. Real-time bedside monitoring with point-of-care video monitoring and recording improve efficiency while limiting liability, and entertainment packages and education enhance quality of stay. This technology may also act as an interface gateway for other software systems and medical devices moving forward. CareView is dedicated to working with all types of hospitals, nursing homes, adult living centers and selected outpatient care facilities domestically and internationally. Corporate offices are located at 5000 Legacy Drive, Suite 470, Plano, TX 75024. Questions may be directed to John R. Bailey, Chief Financial Officer at (972) 943-6044. More information about the Company is available on the Company's website at www.care-view.com.
About Hillcrest Medical Center
For 90 years, Hillcrest Medical Center has prided itself in establishing an environment of hope, health and healing. Today, the 607-bed hospital is among Oklahoma's most widely respected and acclaimed hospitals, offering extraordinary care in many areas including cardiology, orthopedics, burn care, and women's services. For more information, go to www.todayshillcrest.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy securities of CareView Communications, Inc. Certain statements in this release and other written or oral statements made by or on behalf of the Company are "forward looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. The forward-looking statements are subject to a number of risks and uncertainties including market acceptance of the Company's services and projects and the Company's continued access to capital and other risks and uncertainties. The actual results the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These statements are based on our current expectations and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.