NEWS
Medcareonline.com Expands Advisory Board with the Addition of John Henderson, President of the Nation's Leading Supplier of Healthcare Data and Consulting
OAK BROOK, Illinois, Jun 30, 1999 (BUSINESS WIRE via COMTEX) -- MedCareTech(NASDAQ: MCAR) Medcareonline.com, Inc., a wholly owned subsidiary of MedCare Technologies, Inc. (NASDAQ: MCAR), today announced the election of Mr. John Henderson to its Select Advisory Board.
"I am extremely pleased to have John Henderson join our advisory team," comments Mr. Marc Menendez, President and CEO of Medcareonline.com. "I believe we've found a dynamically talented and experienced individual with unparalleled industry success in partnering with leading healthcare entities. Medcareonline represents a significant opportunity for our shareholders, and there's nobody better suited than John to provide seasoned council on the evolution and development of our company and the future of the Internet as a vehicle for Healthcare."
Mr. Henderson holds a Masters Degree in Economics from the University of Stockholm, Sweden and the Universite' of Grenoble, France. Upon arriving in the United States, he worked with the American Hospital Association and founded SMG Marketing Group, the nation's leading supplier of healthcare data and consulting. SMG has developed over 50 proprietary healthcare databases to become a leader in the dissemination of healthcare information andapplication software throughout the United States and Europe. SMG Marketing Group holds strategic Joint ventures with a number of key healthcare entities in the including American Medical Association (AMA), Healthcom/NWDA, American Association of Preferred Provider Association (AAPPO), American Society of Consultant Pharmacists (ASCP), Mercer Benefits Consulting, and Quintiles Transnational Corp. (NASDAQ: QTRN). Mr. Henderson writes extensively on many aspects of healthcare and has been quoted in the Wall Street Journal and The New York Times.
Mr. Menendez continues, "I look forward in working with John in continuously evangelizing Medcareonline's vision and contribution to the global healthcare marketplace to ensure success in this dynamic and untapped market. Our immediate goal is to build medcareonline.com into a solid online asset for the benefit of our shareholders. Some of the exciting options we face are the ability togo public like the CareInsite (NASDAQ: CARI) or do a spin off to our shareholders like the recent Creative Computer/Ubid (NASDAQ: UBID). It isextremely exciting that the investment community is now realizing that the Internet is the single most important development for the healthcare industry over the foreseeable future, and medcareonline.com is on the cutting edge of the convergence of healthcare and the Internet." ABOUT MEDCARE
MedCare Technologies, Inc. is a healthcare technology service company offering services that improve the way physicians operate in today's changing environment. Medcare has a successful record of identifying and filling lucrative, untapped commercial voids, including the development of the MedCare Program, a non-drug, non-surgical treatment for patients suffering from Urinary Incontinence (UI). In association with hundreds of physicians nationally, Medcare is now the largest and fastest growing network of offices treating UI in the United States.
In addition, through its wholly owned subsidiary, Medcareonline.com. Inc., Medcare is providing an Internet Healthcare Portal for physicians. The portal will simplify healthcare practices by integrating multiple administrative, communication and research functions into a single, easy-to-use Web-based solution. Medcareonline has joined together with industry leaders to create a Medical Informatics solution for physicians where they can address their information and services needs through the Internet. FOR ADDITIONAL INFORMATION
For additional information on Medcare Technologies, including recent analyst reports, please contact Mr. Bill Mann at 800-611-3388 or visit our website at medcareonline.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
