NURS- ready to rally this week to avoid a big reverse split.
The winnings have just started with NURS. Started last week at .15/.18 and ended
.25/.28 after some minor profit-taking at the
high of .38. After suffering through a huge debenture conversion, tax loss
selling, and divestiture of unprofitable operations, NURS
has profitable operations and significant events directly ahead.
IMO, it is way undervalued given its management and potential. Last
week it broke out from .18 to .38 without any significant selling(only
about 200K), and could easily break to .75 if someone starts
another buying spree like last Wednesdays 1.2 mil BUYS vs. 0 SELLS.
And if they were to do that buying spree, early next week would be the time to do it-
right near the start of the 10-day trading period
to determine the size of the reverse split.
See:
Message 3198148
From Edgar:
FOR IMMEDIATE RELEASE
INTERNATIONAL NURSING SERVICES CLOSES
ACQUISITION OF CYMEDIX CORPORATION
COMPANY COMPLETES FIRST COMMERCIAL SALE OF CYMEDIX LYNX
DENVER (JANUARY 13, 1998) - INTERNATIONAL NURSING SERVICES,
INC. (NASDAQ:
NURS) today announced that it has completed the acquisition of Cymedix
Corporation. As previously disclosed, the Company acquired privately held
Cymedix for approximately seven million shares of International Nursing
Services common stock, and will operate Cymedix as a wholly owned subsidiary
under the name Cymedix Lynx.
John P. Yeros, chairman of International Nursing Services, stated, "The
Acquisition of Cymedix Corporation represents a tremendous turning point for
the company, as it significantly expands our operations and adds potential
synergies with our core supplemental staffing business. Given the increased
demand for healthcare information technology, we believe the acquisition
offers us significant revenue opportunities in this growing marketplace."
The Company also announced the first commercial sale of Cymedix Lynx. The
three-year contract with Loyola University Medical Center of Chicago calls for
the networking of at least 200 physicians with the medical center's laboratory
services outreach program. Affiliate hospitals of Loyola University Medical
Center are expected to be added in the near future, thereby increasing the
potential number of physicians utilizing Cymedix Lynx throughout the Chicago
area to more than 1,000.
"Loyola University Medical Center is the first institution to begin
experiencing the many benefits of secure medical communications utilizing the
Internet," said Keith Berman, president of Cymedix Lynx Corporation. "To
date, we have received increasing levels of interest in Cymedix Lynx from
leading healthcare organizations throughout the country. We are working to
address this demand by supplementing our direct-sales efforts with a sales
agreement with a major pharmaceutical company".
Mr. Berman added that the Company's comprehensive marketing of Cymedix Lynx
will include participating in the Health Information Management Society
Symposium in Orlando February 22 - 26. This is one of the nation's largest
healthcare information systems and technology conferences, drawing more than
20,000 participants.
-more-
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360 South Garfield Street, Suite 400
Denver, Colorado 80209-3136 USA
(303) 393-1515 (800) 852-5257 Facsimile (303) 394-3653
Cymedix Lynx also plans to sponsor symposia in cooperation with a local HMO or
hospital in 12 cities during 1998, including Atlanta, Boston, Chicago, Dallas,
Denver, Houston, Los Angeles, Miami, New York, San Francisco, Tampa and
Washington, D.C./Baltimore. The marketing program also includes
trade-publication advertising as well as a 52,000-name direct-mail effort.
International Nursing Services is a medical resources Company with two
synergistic lines of business. The Company provides skilled nursing, therapy,
rehabilitation and other medical personnel for flexible staffing in home care
and in a broad spectrum of health care and educational facilities. Through
its wholly owned subsidiary, Cymedix Lynx Corporation, the Company also offers
Cymedix Lynx, a secure, patented medical communications product that makes use
of the Internet. Using Cymedix Lynx, medical professionals can order,
prescribe and access medical information from insurance companies and managed
care organizations, as well as from any participating outpatient service
provide such as laboratory, radiology center, pharmacy or hospital. The
Company has offices in Denver, Houston and San Antonio, Tex., and Emeryville
and Ontario, Calif., and Yonkers and the Bronx, N.Y.
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