More WTHL news
(BSNS WIRE) Whitehall Enterprises Acquires Innovative Medical Software Comp
Whitehall Enterprises Acquires Innovative Medical Software Company; DocPal
System Utilizes Cutting-Edge Artificial Intelligence Engine
Business Editors
CHICAGO--(BUSINESS WIRE)--Aug. 23, 2000--In another strategic move
to diversify its holdings and expand shareholder value, Whitehall
announced today that it entered into a licensing agreement with
Windmill Scientific Corporatation, a software company with an
innovative and interactive medical application that can be used by
physicians, physician assistants, medical students, insurance
companies, health maintenance organizations and facilities such as
hospitals, clinics and private practices worldwide. Under the terms of
the agreement, Whitehall will possess exclusive worldwide rights to
market and distribute the software for 15 years.
"After completing our due diligence, the indications suggested
there was potential for Whitehall to enhance its value through this
particular transaction," said Luis Alvarez. "This state-of-the-art
product is of inestimable importance to the medical community. The
degree of sophistication and quality of information offered to a user
is unsurpassed by any other software of this type," Alvarez added.
DocPal is an advanced state-of-the-art program, offering the most
current medical information gathered from universities and health
organizations across the globe. All subjects, functions and pertinent
information are accessed instantaneously, eliminating the need for
lengthy index searches. Additionally, the software contains an
extensive database of over 600 diagnoses with corresponding signs,
symptoms, procedures and treatments, and can be used in conjunction
with a medical knowledge base via an intricate system wherein the
physician can view the relationships between a diagnosis and its
corresponding signs, symptoms, procedures and medications. "With
DocPal, a doctor simply enters specific symptoms and the software
indicates what tests to administer. After tests determine the health
problem that exists, the software provides specific treatment
information," Alvarez explained.
"Due to the dynamic nature of medicine, physicians are faced with
the challenge of frequent updates. With DocPal, medical updates are
available to registered users on a continuous basis," stated Luis
Alvarez. "It is the Company's plan to create an internet portal that
will provide recurring revenue by providing access to an unlimited
number of users including but not limited to, physicians, physician
assistants, medical students, insurance companies, health maintenance
organizations and facilities such as hospitals, clinics and private
practices worldwide," concluded Luis Alvarez.
Whitehall Enterprises Inc. (OTCBB:WTHL) is a growth oriented
holding company targeting business acquisitions, which will contribute
a diversified asset base for the company. Whitehall Enterprises'
current business activities include marketing hair growth promotion
and hair loss prevention technologies and e-commerce mortgage banking.
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this news release (as well as information included in oral
statements or other written statements made or to be made by Whitehall
Enterprises, Inc.) contains statements that are forward-looking, such
as statements related to consummation of the transaction, anticipated
future revenues of the companies and success of current product
offerings. Such forward-looking information involves important risks
and uncertainties that could significantly affect anticipated results
in the future and accordingly, such results may differ materially from
those expressed in any forward-looking statements made by or on behalf
of Whitehall Enterprises. For a description of additional risks and
uncertainties, please refer to Whitehall Enterprises, Inc.'s filings
with the Securities and Exchange Commission, including Forms 10K and
10-Q.
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CONTACT: Investor Relations Services Inc., New Smyrna Beach, FL
Tom Biggs, 904/409-0200
KEYWORD: ILLINOIS
INDUSTRY KEYWORD: PHARMACEUTICAL E-COMMERCE BANKING MERGERS/ACQ
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