Big NEWS
MedCare Introduces New Corporate Web Site; Sales Team in Discussion With Many "Multiple-Site" Hospitals for Medcare Program
OAK BROOK, Ill., Oct 21, 1999 (BUSINESS WIRE) -- MedCare Technologies,
Inc. (NASDAQ: MCAR) announced today the introduction of its enhanced
corporate web site, located at www.medcareonline.com. The site is
intended to give shareholders, analysts, interested investors and
online users a resource to learn more about MedCare Technologies, and
the Company's two business segments, the MedCare Program and
RxSheets.com, as well as highlight pertinent corporate and investor
relations information.
"We recognize the importance of keeping our existing and potential
customers and shareholder base informed about our products and services,
" said Jeff Aronin, President and Chief Executive Officer.
"Consequently, this site will allow us to effectively and efficiently
communicate the company's ongoing growth and the development of new and
exciting initiatives.
"Recently, our management and sales force has been consumed with the
continued expansion of the MedCare Program into the hospital market. At
present, our sales pipeline for the MedCare Program is where we want it
to be. We are in late stage discussions with many multi-site hospitals,
including some of the country's largest hospital organizations, some
with locations in every region of the country. We plan to use our
corporate website to announce the various sales prospects that close in
the near future, and keep our shareholders in touch with the progress
at RxSheets.com, which offers a wide array of compelling and focused
information and services that enable physicians to more efficiently and
effectively manage an important aspect of their business, the sampling
of pharmaceutical drugs."
About MedCare Technologies, Inc.
MedCare Technologies, Inc. is a healthcare technology service company
that focuses on under-served, high growth markets. The Company began by
developing the MedCare Program, now the nations leading conservative
therapy for treating urinary incontinence, a hidden health condition
that, at approximately $26 billion, costs more than diabetes and bypass
surgery combined. MedCare also recently launched RxSheets.com
(www.rxsheets.com), which offers a wide array of compelling and focused
information and services, including drug sample request for physicians,
drug protocols and studies, research information, and other pertinent
aspects of the $270 billion worldwide pharmaceutical market. For
Additional Information
For additional information on MedCare Technologies, Inc., please visit
our website at www.medcareonline.com or contact Mr. Bill Mann at
800-611-3388 or Mr. Bruce Byots at 630-472-5300.
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.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
CONTACT: MedCare Technologies, Inc.
Mr. Bill Mann, 800/611-3388
Website: www.medcareonline.com
or
MedCare Technologies, Inc.
Bruce Byots, 630/ 472-5300
WEB PAGE: businesswire.com
GEOGRAPHY: ILLINOIS
INDUSTRY CODE: PHARMACEUTICAL
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