Good news and the stock hardly moves!
The volume so far for today is only 10.700 (5 17/32 x 5 3/4)
MedCare Technologies: medcareonline.com Expands Content to Over 10,000 Healthcare Resources; Record Patient Volume in Month of March
Business Wire - April 05, 1999 09:43
OAK BROOK, Ill.--(BUSINESS WIRE)--April 5, 1999--MedCare Tech.(NASDAQ:MCAR) MedCare Technologies Inc. (NASDAQ: MCAR) is pleased to announce that its healthcare portal, www.medcareonline.com, will expand its consumer and professional information content from a current 2,000 healthcare resources to over 10,000, a fivefold increase. In doing so, medcareonline.com positions itself as one of the most content rich healthcare-specific portals targeting the estimated 46 percent of all online users that search the Internet for healthcare information.
The Company is also pleased to announce that patient visits through its MedCare Program sites reached a record of over 1300 for the month of March alone, surpassing the Company's internal target of 1200, and up 117 percent from the monthly average in the last quarter of 1998. "With our corporate infrastructure and systems firmly in place, we've witnessed nation-wide double-digit revenue increases per month this quarter," comments Mr. Jeff Aronin, President and Chief Executive
Officer of MedCare Technologies. "Additionally, with the potential of e-commerce at our healthcare portal, we're looking forward to expanding our revenue streams through the sale of a wide range of products and services."
ABOUT MEDCAREONLINE.COM
MedCare Technologies, through its wholly owned subsidiary, medcareonline.com, Inc., has developed www.medcareonline.com as a comprehensive healthcare portal offering extensive medical information. MedCare's health portal has been designed to meet the current grassroots movement sweeping across the web, where 46
percent of all online users search for information about a medical or personal problem according to a recent Intelliquest Inc. survey. MedCare's "vertical" portal provides health-specific information and resources, such as health travel advisory, health news, symposiums, medical journals and publications.
In addition to offering comprehensive medical information to consumers, medcareonline.com also plans to offer free web hosting and home page services to an estimated 750,000 US physicians, enabling them to send and retrieve free e-mail, conduct e-commerce and allowing their patients to interact on various health topics in "disease and condition" specific chat rooms. Other companies involved in the "healthnet.com" industry include Healtheon (NASDAQ: HTLH), MediConsult (OTC BB:MCNS), WebMD, I-Village's (NASDAQ: IVIL) betterhealth.com, and Amazon's (NASDAQ: AMZN) Drugstore.com.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and
whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
CONTACT: MedCare Technologies, Inc.
Mr. Bill Mann, 800/611-3388
Website: medcareonline.com
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