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Dynamic Healthcare Lowers First Quarter Expectations
MAITLAND, Fla.--Dynamic Healthcare Technologies, Inc. (Nasdaq: DHTI) today announced that operating results for the first quarter ending March 31, 1998 will be below analyst expectations. The company continues to experience elongated sales cycles caused by increased complexity in the decision-making process with both customers and prospects.
In other news, the Company reported that Mr. Nikhil Bhatt, Senior Vice President and Chief Technology Officer has voluntarily resigned from the Company. Mr. Bhatt will be transitioning his current responsibilities through May 31, 1998 and will continue to serve as an Executive Advisor to the Company through May 31, 1999.
Dynamic Healthcare Technologies, Inc. is a leader in providing advanced information technologies for the healthcare industry. Dynamic's enterprise information solutions enable healthcare providers to capture, manage and share electronic health information across the continuum of care.
Headquartered in Maitland, Florida, the Company maintains Clinical Solutions Centers in Minnetonka and Apple Valley, Minnesota, and Waltham, Massachusetts.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward looking statements are quarterly financial results, seasonal patterns of sales and client behavior, changing economic and regulatory influences on the healthcare industry, the development by competitors of new or superior technologies or entry into the market of new competitors, dependence on intellectual property rights, delays in product development, the Company's dependence on key personnel, possible regulation of the Company's software by the U.S. Food and Drug Administration, volatility of the Company's stock price and other risks detailed from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
CONTACT: Dynamic Healthcare Technologies, Maitland
Mary Lu Lander (media)
Vice President, Marketing
mlander@dht.com
or
Mitchel J. Laskey (investors)
President and Chief Executive Officer
mlaskey@dht.com
1-800/832-3020
or
Noonan/Russo Communications, Inc., New York
Heather Hennessy (media)
212/696-4455 ext.274
e-mail: news@noonanrusso.com
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