Equity Technologies & Resources, Inc., Announces Software Development License for Secure Drug Monitoring System
September 04, 2002 1:17:00 PM ET
LEXINGTON, Ky., Sept. 4 /PRNewswire-FirstCall/ -- Equity Technologies & Resources, Inc. (OTC Bulletin Board: ETCR) President James Kemper Millard announced that Verified Prescription Safeguards, Inc., a wholly owned subsidiary of the Company, has entered into an agreement with Envoii Healthcare LLC to secure rights to the Envoii Pharmacy technology platforms that are in development using the provisional patent of Verified Prescription Safeguards for its drug diversion monitoring system.
"The Envoii system is truly a radically innovative platform for the creation of next generation web services oriented solutions," Millard said. "The Envoii mission to 'help businesses build a secure, trusted, and lasting relationship with customers wherever they are' is in exact keeping with our business philosophy," he added.
"Envoii technology that is used by Envoii Healthcare is its own operating system," Millard explained. "The technology creates a completely secure transaction environment in which to turn paper prescriptions into secure electronic prescriptions without upgrading hardware. That is an extremely important component," he continued, "in that it eliminates any requirement on the part of the physician, pharmacy, or regulator to upgrade in order to ensure a secure transaction environment." (Envoii requires a Windows 9x PC system connected to the Internet.)
Millard said the Company is moving forward to have its revolutionary product ready prior to the anticipated federal grant that will execute a two- county pilot program in Southeastern Kentucky. The 2002 Kentucky General Assembly authorized applying to the U.S. Department of Justice "Harold Rogers Prescription Drug Diversion Monitoring Fund" for seed money for the pilot program. Rep. Rogers (R-KY) represents the district in which the two counties lie.
Verified Prescription Safeguards and VPS are trademarks of Verified Prescription Safeguards, Inc., a wholly owned subsidiary of Equity Technologies & Resources, Inc.
This press release contains forward-looking statements that reflect the Company's current expectations regarding future events. While these statements reflect the Company's best current judgment, they are subject to risks and uncertainties. Actual results may differ significantly from projected results due to a number of factors, including, but not limited to assumptions beliefs and opinions relating to the business and growth strategy of Equity Technologies & Resources, Inc. and its wholly owned subsidiary Verified Prescription Safeguards, Inc., and implementation thereof, based upon the Company's interpretation and analysis of financial and market conditions, the decisions of businesses with whom the Company is either engaged in business with or negotiating, healthcare industry trends and management's ability to successfully finance, develop, market, sell and implement its e- commerce and internet solutions, clinical and financial e-transaction services and software applications to physicians, pharmacies, governmental agencies, laboratories, insurance companies, HMO's, and payers. These factors and other risk factors are more fully discussed in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any intent or obligation to update any forward-looking statements.
Contact: James Kemper Millard, CEO
Equity Technologies & Resources, Inc.
1050 Chinoe Rd., Suite 304
Lexington, KY 40502
(859) 268-4446
MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com
© 2002 PRNewswire
Back to Recent News |
