Medix Shareholders Approve Increase in Number of Authorized Shares
DENVER, March 20 /PRNewswire/ -- John Prufeta, president and CEO of Medix Resources, Inc. (BB:MDIX), today announced that the Company's shareholders approved the Company's recommendation that the number of authorized shares be increased from 50 million to 100 million. Of the 11,905,007 votes received, approximately 90% percent were in favor of the increase. Medix provides Internet-based health care communication, data integration, and transaction processing software through its Cymedix.com product line.
"We're delighted that our shareholders voted to support our recommendation that the number of shares be increased," stated Prufeta. "An increase in the number of authorized shares will strengthen our ability to compete in the competitive iHealth software industry."
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. Such forms are available from the SEC or the Company. SOURCE Medix Resources, Inc.
-0- 03/20/2000
/CONTACT: general and press inquiries, Robin Schoen of Robin Schoen Public Relations, 215-504-2122; or investors, Josh Golomb of SmallCaps Online Communications, 212-554-4158, both for Medix Resources, Inc./
/Web site: cymedix.com
/Web site: medixresources.com |
