CYBERCARE ANNOUNCES AGREEMENT WITH SYZEX
BOYNTON BEACH, Fla. - (Oct. 2, 2001) CyberCare, Inc. (Nasdaq: CYBR) today announced an agreement with Syzex Corporation, a Tennessee-based corporation, to market the company's CyberCare System(TM) products and services to its clients.
In the agreement, Syzex will use CyberCare as its exclusive telehealth service provider for all business affiliations, including home health agencies; skilled-nursing, assisted-living and hospice facilities; medical clinics; and other healthcare programs it operates or manages.
In addition, Syzex has the exclusive right to provide video conferencing to more than 330 hospitals in 44 states throughout the country, including hospitals from the chains of Hospital Corporation of America (NYSE: HCA), Tenet Hospital Systems (NYSE: THC), Daughters of Charity hospitals as well as other not-for-profit hospital groups.
"We are delighted to reach this agreement with CyberCare, Inc.," said Pat Thompson, president of Syzex, "CyberCare has developed the very best technology in the telehealth field. Our hospital groups are committed to providing their patients with the very best patient care making CyberCare's product an obvious fit."
"Add Syzex's knowledge base in healthcare and its insight into telehealth applications to its extensive body of clients and CyberCare has an extremely viable partner," said Michael Lemnitzer, vice president of business development for CyberCare. "Partnering with Syzex will expedite CyberCare's product line expansion throughout the United States, across a broad range of health care organizations."
About Syzex Corporation
Syzex Corporation provides a virtual private network for medical facilities throughout the world. In conjunction with AT&T, Syzex is designing highly reliable, secure data connections with end-to-end management for mission-critical healthcare applications. This service includes provisioning, premises equipment, installation and proactive circuit monitoring. Several topologies are integrated into a consistent network infrastructure to provide a common connection platform for healthcare facilities as well as Associate Solution Providers.
About CyberCare, Inc.
CyberCare, Inc. is a network-based telehealth solutions company improving the delivery of care through its Internet-based technology. CyberCare 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, CyberCare's Electronic HouseCall® System allows for effective and efficient data collection, case management and personal interaction. Headquartered in Boynton Beach, Fla., CyberCare also has physical, occupational and speech therapy businesses and an institutional pharmacy business. Visit CyberCare's Web site at www.cybercare.net.
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, product acceptance and effectiveness, 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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