SCMI news release...doesn't seem like anything major here, what do you think?
Systems Communications, Inc. Expands Revenue Potential Through New
Alliance
With Haddon National Companies, Inc.
Business Wire - May 27, 1998 16:55
%SYSTMS-COMMUNCTNS SCMI %FLORIDA %MEDICINE %COMPUTERS %ELECTRONICS
%COMED
V%BW P%BW
CLEARWATER, Fla.--(BUSINESS WIRE)--May 27, 1998--Systems
Communications,
Inc. (OTCBB: SCMI) announced today that the company entered into a
strategic alliance with Haddon National Companies, Inc. through its
wholly
owned subsidiary National Healthcare Solutions, Inc. (NSC). Haddon
National
Companies, Inc. located in Maple Shade, N.J., is one of the nation's
leading managed care administration organizations with 20 years
experience
in helping insurance companies, businesses and managed care networks
reduce
employee healthcare and administrative costs. Haddon currently has over
7
million members covered through their Managed Care Organization's client
list involving cities, counties, school boards, unions, non-profit and
public organizations, insurance companies, HMO's, PPO's, IPO's, and
HPO's.
Ed Salmon, Chairman of SCMI commented, "The new alliance with Haddon
should further strengthen our marketing abilities and dramatically
increased our scope of services that we can provide in this huge $300
billion market of identifying and recovering healthcare overpayments."
SCMI is looking for contracts under the new alliance to begin
sometime
in July or 3rd Qtr of 1998 with expected initial annual net revenues of
$450,000 with substantial increase potential over the next 3 years.
Systems Communications, Inc. is a Florida corporation principally
engaged in the business of Healthcare Management to identify and reduce
Healthcare overpayment claims against its company clients. SCMI has been
aggressively restructuring its management, reducing operating costs, and
developing a strong service team of technology and software capabilities
to
capture a large portion of the $300 billion Healthcare Market.
Statements in this press release about the company's negotiations are
"forward looking" statements within the meaning of Sections 21e and 27a
of
Securities Act of 1933 and 1934. The Company intends that such "forward
looking statements" be subject to safe harbors created thereby. Since
these
statements involve risks and uncertainties, the results could differ
materially from those expected.
CONTACT: ICS Communications, Inc.
Dave Wood, 800/964-8007
or
Systems Communications, Inc.
Ed Salmon, 813/530-4800 |
