MedCare Technologies, Inc. Announces Morgan Stanley Dean Witter Online Partners with RxSheets.com to be Provider of Investment Center
OAK BROOK, Il., Dec 21, 1999 (BUSINESS WIRE) -- MedCare Technologies,
Inc. (NASDAQ: MCAR) announced today that Morgan Stanley Dean Witter
Online will be the provider of the Investment Center section to the
company's new Internet site, RxSheets.com. Morgan Stanley Dean Witter
Online is the online brokerage unit of Morgan Stanley Dean Witter & Co.
(NYSE: MWD).
Morgan Stanley Dean Witter Online is the only firm to win a Barron's
four star rating four years in a row and was recently named #1 overall
online broker by Kiplinger's Personal Finance (November 1999). "We are
pleased to be able to offer physician investors valuable market news
and analysis, portfolio tracking and other tools to assist them with
making financial decisions," said Glenn Tom, Senior Vice President of
Marketing for Morgan Stanley Dean Witter Online.
Exclusively designed for the physician, RxSheets.com offers a wide
array of compelling and focused information and services, including
drug sample requests, drug protocols and studies, research information
and other pertinent aspects of the pharmaceutical market. The site will
also offer an investment center, healthcare calendar of events and a
weekly pharmaceutical newsletter.
"The Morgan Stanley Dean Witter Online partnership enhances our site by
providing a variety of financial market activity and information to the
physicians," said Jeff Aronin, President and Chief Executive Officer.
"Our site is designed to meet the pharmaceutical needs of physicians
who are coming to our site for the unique ability to request samples.
In addition, physicians have demonstrated a strong interest in the
ability to access financial information on pharmaceutical and other
companies while visiting our site. Therefore, being able to offer a
highly regarded and award-winning financial site will provide
additional value to the RxSheets user."
RxSheets.com (www.rxsheets.com) has received overwhelming response from
physicians throughout the country. MedCare Technologies launched its
pharmaceutical focused site for physicians in October and began its
marketing campaign on November 15th.
About MedCare Technologies, Inc.
MedCare Technologies, Inc is a healthcare technology service company
that focuses on under-served high growth markets. The Company's
RxSheets.com (www.rxsheets.com), offers a wide array of compelling and
focused information and services, including drug sample requests for
physicians, drug protocols and studies, research information, and other
pertinent aspects of the $270 billion worldwide pharmaceutical market.
The Company began by developing the MedCare Program, now the nation's
leading conservative therapy for treating urinary incontinence, a
hidden health condition that, at approximately $26 billion, costs more
than diabetes and bypass surgery combined.
About Morgan Stanley Dean Witter Online
Morgan Stanley Dean Witter Online, formerly Discover Brokerage, is a
leader in online brokerage and has received Barron's top rating of four
stars, four years in a row (1996, 1997, 1998 and 1999). The company has
also been named best overall online broker by Kiplinger's (1999),
Barron's (1996, 1997 and 1998) and SmartMoney (1998). Consumers Digest
named the company a "Top-Tier Broker" (1999).
Morgan Stanley Dean Witter Online offers customers four ways to invest:
using the Internet, a Palm III(tm) connected organizer, a touch-tone
telephone or with a registered representative. The company is
headquartered in San Francisco, California.
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.
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