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Strategies & Market Trends : The Amateur Traders Corner

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To: Tom Hua who started this subject5/7/2001 11:47:52 AM
From: Tadsamillionaire  Read Replies (1) of 19633
 
Cyber-Care Partners With DataVoice In Puerto Rico
Shipments of Telehealth System Units Already Under Way
BOYNTON BEACH, Fla.--(BW HealthWire)--May 7, 2001--Cyber-Care, Inc. (Nasdaq:CYBR - news) today announced an agreement with DataVoice Solutions, a Puerto Rican cybernetics technology company, that allows it to serve as the reseller in Puerto Rico for the purchasing and distribution of the Electronic HouseCall® (EHC) System and its family of products, subject to minimum purchase and distribution requirements of at least 750 System units for the remainder of this year. Cyber-Care began shipment of products under the initial purchase order last week.

Cyber-Care's EHC System allows for effective and efficient data collection, case management and personal interaction between chronically ill patients and their caregivers. Cyber-Care and DataVoice have already established network operations in Puerto Rico utilizing a variety of telecommunications technology, including wireless broadband, in support of the installation of the EHC System. Under the agreement DataVoice will purchase and distribute EHC products and provide local access and backbone circuits for Cyber-Care's network services in Puerto Rico. Cyber-Care has already initiated shipment of a variety of its products to DataVoice, including peripheral medical devices that address the primary medical conditions affecting Puerto Rico's chronically ill population, such as congestive heart failure, asthma and diabetes.

``DataVoice looks forward to working with Cyber-Care in becoming an integral part of health care reform in Puerto Rico and delivering quality health care using the Electronic HouseCall System,'' said Edwin Francheschi, president of DataVoice. ``Everyone in Puerto Rico deserves world-class medical care and the Cyber-Care system can help in that crusade by allowing patients to monitor their vital signs from the privacy of their homes, especially in the many rural areas where, up to now, it would have been difficult for the patient to be in contact with their medical provider on a consistent basis.''

In addition, according to John Haines, senior vice president of Cyber-Care, this partnership gives Puerto-Rican-based healthcare providers a cost-efficient solution to providing quality care.

``DataVoice has an excellent history of providing network-based solutions and services in Puerto Rico,'' Haines added. ``Our mutual efforts will greatly elevate the quality of medical monitoring for chronically ill individuals.''

The prior binding Letter of Intent with i2i2 has been replaced by this agreement with DataVoice. Cyber-Care and i2i2 are developing a business model to serve the hospitality industry.

About CYBER-CARE, Inc.

Cyber-Care, Inc. is a network-based telehealth solutions company improving the delivery of care through its Internet-based technology. Cyber-Care creates a live, interactive community that incorporates all members of the care team in the healthcare delivery process, resulting in cost reduction and improvement in the quality of patient care. Utilizing patented technology for remote monitoring and real-time interactive communications between chronically ill patients and their providers, Cyber-Care's Electronic HouseCall® System allows for effective and efficient data collection, case management and personal interaction. Headquartered in Boynton Beach, Fla., Cyber-Care also has physical, occupational and speech therapy businesses and an institutional pharmacy. Visit Cyber-Care's Web site at www.cyber-care.net.

About DataVoice Solutions

DataVoice Solutions, a Puerto Rican company that offers the most sophisticated services in cybernetics technology. The services offered are: telephony over IP, virtual agenda services, Internet services, creation, development and processing of Internet sites in HTML, Java, COLD FUSSION, XML, FLASH and all other Internet development applications tools and Internet applications and networking services and new features as a wireless transport service and a medical web collaboration took, plus the integration of a billing platform DataVoice Solutions can be found on the web at datavoicepr.com

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.

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