Medix Names Senior Vice President/Director of Mergers & Acquisitions; New
Position Strengthens iHealth Software Provider's Competitive Position
DENVER, Mar 2, 2000 /PRNewswire via COMTEX/ -- John Prufeta, CEO of Medix
Resources, Inc. (OTC Bulletin Board: MDIX), today announced that Michael
Knepper, 36, has been named senior vice president and director of mergers and
acquisitions. Most recently, Knepper was vice president of health technology
research at Punk Ziegel & Co., a New York-based investment banking firm. Medix
provides Internet-based healthcare communication, data integration, and
transaction processing software through its Cymedix.com product line.
In this new position, Knepper will identify merger, acquisition, strategic
alliance, and joint venture candidates. Additionally he will manage the
Company's Wall Street relationships and work closely with CEO Prufeta.
"We are delighted to have Mike join our management team," stated Prufeta. "We
are extremely confident that he will add significantly to Medix's mission of
providing high value-added connectivity solutions to the healthcare industry."
"I'm thrilled to have this opportunity to help Medix continue its growth in one
of the most dynamic and largest vertical markets," stated Knepper.
As vice president of health technology research for Punk, Ziegel, Knepper was
responsible for re-building the firm's healthcare technology investment
franchise. Prior to joining Punk, Ziegel in 1997, he was a research analyst at
Volpe Brown Whelan & Co. in San Francisco. Earlier, Knepper held positions as
senior software engineer at TRW; product support engineer at Verdix Corporation;
and software engineer at Honeywell Federal Systems. Knepper holds an MBA in
Finance from Columbia University and an AB in Computer Science from Brown
University.
Denver-based Medix Resources, through Cymedix Lynx Corporation, offers
Cymedix.com, a suite of fully-secure, patented Internet communications software
products, to the healthcare industry. Additional information about Medix
Resources and its products and services can be found by visiting its Web sites,
www.medixresources.com and www.cymedix.com, or by calling 800/326-8773.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of
1995: The statements contained in this release, which are not historical facts,
contain forward-looking information with respect to plans, projections and/or
future performance of the Company, the occurrence of which involve certain risks
and uncertainties detailed in the Company's Form 10-KSB/A for 1998, which was
filed with the Securities and Exchange Commission on July 23, 1999, and its 1999
third quarter Form 10-QSB, which was filed with the Securities and Exchange
Commission on November 10, 1999. This information is available from the SEC or
the Company.
SOURCE Medix Resources, Inc.
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