CAS Medical Systems Announces Contract With Amerinet
Posted on: Monday, 13 March 2006, 15:00 CST
BRANFORD, Conn., March 13 /PRNewswire-FirstCall/ -- CAS Medical Systems, Inc. today announced that the Company has signed a contract with Amerinet Inc., a leading health care group purchasing organization (GPO), which will provide savings on its Neonatal Specialty Products to Amerinet members. Amerinet partners with more than 1,900 hospitals and 33,000 non-acute care facilities throughout the United States to improve their operating margins. Under the terms of the three-year agreement, CAS is listed as an approved provider of products to Amerinet members.
"This important relationship with Amerinet represents a great opportunity for CAS to further expand its position in the neonatal marketplace," stated Louis P. Scheps, CEO of CAS. "The ability to provide products through a major GPO will enable us to reach customers that have, until now, been inaccessible to us. Amerinet's choice of CAS products underscores the quality and value that we can offer to its members. We look forward to a long and productive working relationship with Amerinet."
About Amerinet
Amerinet is one of the most innovative and effective health care group purchasing organizations in the United States, partnering with members to improve their operating margins. More than 1,900 hospitals and 33,000 non-acute care facilities create new revenue and reduce expenses with Amerinet's tools for group purchasing, supply chain management, clinical consulting, revenue cycle management, and information and education.
For 20 years, Amerinet has set the standard for integrity and customer service.
About CAS
Founded in 1984, CAS Medical Systems, Inc. is dedicated to the design and manufacture of innovative technologies and products vital to patient care in the most challenging clinical environments. Its current product lines include blood pressure measurement technology and accessories, vital signs monitoring equipment, apnea monitoring equipment and products for neonatal intensive care. With a reputation for the highest quality products available in the markets it serves, CAS products are used by clinicians worldwide.
Company Contacts: CAS Medical Systems, Inc. Jeffery Baird, CFO 203-488-6056 ir@casmed.com Financial Dynamics John Capodanno 212-850-5705 jcapodanno@fd-us.com
Statements included in this press release, which are not historical in nature, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements relating to the future financial performance of the Company are subject to many factors including, but not limited to, the customer acceptance of the products in the market, the introduction of competitive products and product development, commercialization and technological difficulties, and other risks detailed in the Company's Securities and Exchange Commission filings.
Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. When used in this press release the terms "anticipate,""believe,""estimate,""expect,""may,""objective,""plan,""possible,""potential,""project,""will" and similar expressions identify forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and we do not undertake any obligation to update any forward-looking statements, whether as a result of future events, new information or otherwise.
CAS Medical Systems, Inc.
CONTACT: Jeffery Baird, CFO, CAS Medical Systems, Inc., +1-203-488-6056,ir@casmed.com; or John Capodanno, Financial Dynamics, +1-212-850-5705,jcapodanno@fd-us.com
Web site: http://www.casmed.com/
Source: PRNewswire-FirstCall
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