DONNER CORP. INTERNATIONAL UPGRADES TO BUY RECOMMENDATION ON MEDIX RESOURCES, INC.
SANTA ANA, Calif., Feb 17, 2000 /PRNewswire via COMTEX/ -- The
following is being issued by Donner Corporation International, a member
of the National Association of Securities Dealers, CRD number 37702:
Donner Corp. International, an Investment Banking firm headquartered in
Santa Ana, Calif., today upgraded its coverage to a Buy Recommendation
on Medix Resources, Inc. (OTC Bulletin Board: MDIX), Englewood,
Colorado. Donner initiated coverage and issued a Speculative Buy
Recommendation on November 29, 1999.
The main reasons for the upgrade include:
-- Medix's wholly-owned subsidiary, Cymedix Lynx Corporation of Thousand
Oaks, Calif., and WellPoint Pharmacy Management, also of Thousand Oaks,
have entered into a definitive agreement for a system-wide introduction
of Cymedix's Internet pharmacy products. The communications software
products will be privately-labeled for use by WellPoint Pharmacy
Management as Rx.net.
-- These products will enable WellPoint's network physicians to access
patient-specific pharmacy data including plan formulary options,
prospective Drug Utilization Review, prior authorization notification,
patient medication history, potential drug interactions and can perform
electronic prescription processing.
-- WellPoint Pharmacy Management, serving approximately 20 million lives,
is the trade name of Professional Claim Services, Inc., a wholly owned
subsidiary of WellPoint Health Networks, Inc. (NYSE: WLP), a $4 billion
managed health care company that offers network-based managed care
products in California, primarily under the name Blue Cross of
California, and outside of California under the name UNICARE. This
alliance should develop substantial revenues for Medix and establish a
foundation for future alliances.
"We believe Medix's stock is undervalued and poised to grow
significantly as its patented line of B2B Internet healthcare
("iHealth") management solutions continues to gain industry-wide
acclaim," Donner said.
Copies of the Donner report on Medix Resources, Inc. are available at
1-800-324-6050.
(The information contained herein is based on sources believed to be
reliable but is not guaranteed by this company and is not
comprehensive. It is not to be construed as an offer or the
solicitation of an offer to sell or buy securities mentioned herein.
The Company, its members, affiliates and employees may have long or
short positions, which could be substantial, in securities discussed or
recommended and may purchase, sell, or trade these securities from time
to time in the open market or otherwise. In addition, this Company may
from time to time perform investment banking, corporate finance,
provide services for, and solicit investment banking, corporate
finance, or other business from the issuers of such securities for a
fee.)
SOURCE Donner Corporation International
(C) 2000 PR Newswire. All rights reserved.
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