Hi Lorraine, I have a position in CNC.A . This one is just beginning to be recognised and IMO has lots of potential. Mni Systems are going public through a take over bid by Corniche Capital. Corniche Capital has only 4.1 million shares outstanding. Mni Systems phone # is 905-826 6030 or Email Dr Mark Raheja .... Mraheja@mnisystems.com
Corniche Capital's phone # is below.
See attached.
Jim
CNC : TRADING SYMBOL, ALBERTA EXCHANGE
CORNICHE CAPITAL INC.
TELEPHONE : 604-688-5285
FAX : 604-687-8360
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INTERNET'S ANSWER TO HEALTH CARE ON LINE
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Innovative, a leading technology with secured encryption codes,
E-commerce, and the potential to become the largest on-line
healthcare site with revenues spanning the globe....... MNI systems
Corporation has recently gone public so that its two-prong approach
can secure not only the Canadian markets but also penetrate the US
marketplace, thereby dramatically increasing its current cash flow.
As of now over 125 countries are accessing its Health care/Medical on-line
site with the
potential market growing to over 25 million plus clients monthly which
will dramatically increase its current revenue stream.
The first prong to their healthcare approach is via the award-winning
ACHOO web
site (www.achoo.com) which is currently one of the Internet's main
forces between networking and integrating the medical community
together. The site is accessed by both consumers and medical
professionals alike due
to its cost-effective pricing and availability to securely transact
through E-commerce their ever-growing inventory of products through a 24-
hour service.
Its on-line Healthcare directory catalogs, indexes, describes and
evaluates the mountain of health care information on the Internet. The
site contains some 12,000 links to health care sites throughout the world.
This assists the health care industry to cut through the barrage of
information on the Internet and access one site that compiles all
information thus saving the time and energy that generally go into timely
research to access what the consumer is looking for.
The site is also a comprehensive webbed healthcare news service with
hundreds of timely healthcare headlines categorized into their prospective
news topics. This site is like the ebay of the health care industry
linking up companies that have products to sell from all sectors of the
industry including alternative medicines to luxury products and travel.
Remember, ebay only links sites together so that they can sell their
product and take a commission through the sale. Achoo does the exact
same.
The second prong approach of MNI is via the MediNet Systems which
provides a secure and confidential Internet nerve system creating both
efficiencies and benefits throughout the health care sector for
patients and private\public health care organizations alike.
MediNet has created a virtual online private network which includes not
only a cumulative lifetime electronic health record (EHR) for patients but
also a secure online medical billing and patient scheduling system.
This provides a paperless operation, saving time and money for the medical
community. The MediNet system bridges the information gap by providing
authorized medical professionals with an easily accessible and shareable
patient file via the Internet which is secured through international
recognized codes such as ICD9. This electronic filing system will reduce
duplication of tests and services, minimizing potential errors, and will
help insure that vital medical information is not overlooked.
It is estimated that 30 percent of the cost of medicine is from
unnecessary duplication of patient records.
The MediNet system gives their clientele base the ability to continually
update their records through the Internet. This gives the professional
community the ability to evaluate and update their patients' records via
the Internet. In one aspect of MediNet, this could save patients' lives
if they were to run into a medical emergency in another country or just
plain change doctors.
The Internet knows no boundries. In other words, it provides the best
patient care at the lowest possible cost to the health care system. The
type of clientele to use this service are pharmaceutical companies,
government health departments, financial institutions, health care
professional associations, and more. The applications of this system, and
the market for this fully integrated shareable electronic health record
(EHR), is virtually
limitless. One of the offshoots of this technology is a controlled
research by approved professionals to assist in their research in
developing new cures for old diseases. It would give medical researchers
a basis from which to research that spans the globe.
The MediNet system, with its secured encryption codes, is not only
efficient but protects the confidentiality of the medical community using
its system. All information is secured in a central data depository,
governed and administered by MNI Systems Corporation.
This system has no direct competition, and with its approach, it will
dominate the industry. Its ally on the Internet is Healtheon (HLTH) who
is not a competitor but shows you the potential of this stock since both
have the same objective, except MediNet Systems has taken a different
approach and will be successful in its own right. In creating its own
identity throughout the health care industry, it will become an important
and a needed component for the implementation of health care on the
Internet - essentially, the microchip of the health care sector.
This innovative, towering approach via Ecommerce, mixed with patient care,
will dramatically increase not only its cash flow and market cap, but also
its earnings per share. It has just recently gone public and has an
interest in entering the US public market sometime in the near future.
With this leading technology running at its current pace, dividends are
not out of the question. The MNI Systems public vehicle has only 2
million shares outstanding and is called Corniche Capital (CNC) on the
Alberta Stock Exchange. Their current market cap is only $800,000 CDN.
Little insight is needed to see that Corniche Capital, with the MNI
Systems fundamentals, is worth a serious review due to its potential to
become one of the premier online companies in the Healthcare industry's
explosion onto the Internet.
News Releases Company Profile
blank line
Source CANADA NEWSWIRE
Date 03/10/99
Company CORNICHE CAPITAL INC.
Title Corniche Capital Inc. - Proposed Major Transaction
" BC-Corniche-Mjr-Transact 03-10 1402
News release via Canada NewsWire, Calgary 403-269-7605 -ME-
Attention Business Editors:
^Corniche Capital Inc. - Proposed Major Transaction@
VANCOUVER, March 10 /CNW/ - Corniche Capital Inc. (the ''Corporation'')
is pleased to announce it has signed a Letter of Intent with MNI Systems
Corporation (''MNI''), a health informatics company.
The Corporation intends to make an arm's length takeover bid pursuant to
a securities exchange takeover bid circular (the ''Takeover'') and acquire all
the issued and outstanding securities of MNI, being approximately one million
shares. The Corporation intends to issue one common share at a deemed price
of $0.20 per share for each MNI Share exchanged pursuant to the Takeover and
one stock option for each MNI Stock Option exchanged pursuant to the Takeover.
The proposed acquisition pursuant to the Letter of Intent and the
conditions of the acquisition are subject to the approval of the Corporation's
shareholders. The Alberta Stock Exchange (''ASE''), and possibly other
regulatory authorities. The acquisition of MNI by the Corporation is the
Corporation's proposed ''Major Transaction'' in accordance with the applicable
policies of the Alberta Securities Commission and the ASE.
MNI's mission is to implement effective and efficient means of accessing
and managing health information. MNI plans to allow the exchange of
encryptically coded patient information between Physicians and hospitals and
Pharmacies etc. This sharing of information avoids the unnecessary costs on
the medical system incurred with the duplication of these patient records. It
is estimated that 30% of the cost of medicine is from the unnecessary
duplication of patient records. MNI intends to approach the Canadian
Government to gain it's support to possibly provide incentives for Physicians
associated with MNI to ease and speed up the implementation of MNI's system
into the health care system.
The initial focus is twofold: 1) a unique health record system, and 2) an
Internet directory with a proprietary search engine for health information.
Company
MNI was incorporated in Ontario, Canada in 1994.
The company is located at 62 Queen Street South, Mississauga, Ontario,
Canada L5M 1K4.
Short History
During the first two years of its operations, MNI researched and
developed Version 1 of The MediNet System. MNI created a platform for sharing
clinical notes amongst various health care providers. The Version 1 software
package was designed to allow integration with other medical office packages
providing billing, scheduling, etc.
MNI is currently in the process of deploying Version 3 of its software.
The present version, as well as the soon to be released Version 4, operates
within a Virtual Private Network and includes medical office billing and
scheduling packages. Version 4 also incorporates a voice enabled clinical
charting system to overcome the very important 'technology barrier' facing
physicians and other care providers. MNI anticipated Version 4 to be ready
for full-scale deployment after completion of a financing.
Market
------
Key trends are favourable.
MNI's products are based on three major trends:
- An aging population has created an increased demand on health care.
- Information Technology advances have created opportunities for
improving the effectiveness and efficiency of health care delivery.
- Advances in communications technology have removed the boundary
limitations of local communities.
Physician participation is essential to Health Information Networks
Physicians are the primary group that create and manage patient health
records. The research value of the resultant clinical database grows with the
length and depth of physician participation. Access fees for scientific
research using this database are built into the fee structure.
Other care provider participation will follow enrollment of physicians.
The list of other care providers includes, but is not limited to
Pharmacists, Nurses, Laboratory Technologist, Therapists, Home Care workers,
etc.
Access to records is restricted to authorized participants.
Restricting access to patient records to authorized participants ensures
confidentiality.
The MediNet System creates a Cumulative, Lifetime Electronic Health
Record
MNI believes the key benefits of a shareable Electronic Health Record
System are:
- Patients -- eliminating the need of a patient to repeat her past
history each time she sees a new physician, or eliminating unnecessary
testing because previous test results were not immediately available.
- Physicians -- more efficient methods to access relevant information
than searching paper records. In addition, moving towards a paperless
operation saves time and money.
- Payors of healthcare services (public and private) -- cost effective
health care delivery through reduced duplications. It is estimated
that 30% of healthcare costs are unnecessarily duplicated through lack
of current information.
- Federal and Provincial Governments -- Standardized quality of care
determines cost effective treatments, combined with current treatment
guidelines available at point of care delivery.
Rapid deployment is achieved through concurrent implementation in
multiple communities.
MNI is ready to launch The MediNet System within a small number of
communities. MNI's deployment schedule is as follows:
- Up to 300 physicians within the first six months (establish critical
mass in one community)
- 1,000 physicians within 1 year (establish critical mass in two
additional communities)
- 5,000 physicians within 2 years (establish critical mass in six
additional communities)
Revenue model is based on both Communications and Data Mining activities
- Communications - The MediNet System facilitates electronic
communication amongst all participants.
- Data Mining - After the total number of health records has reached
'critical mass', a statistical database, extracted from health records
(coded with internationally recognized codes) would be available for
research purposes.
Physicians are the primary group responsible for the creation and
maintenance of health records. Therefore, both of these assets are dependent
upon physicians wide spread use of The Medinet System. MNI believes that if
30% of physicians in a 'community' use The Medinet System, word of mouth
regarding the value of sharing relevant health information should drive the
participation rate to 80%. It is assumed that up to 20% of physicians within
any single community will not join for a variety of reasons.
Revenues are derived initially from key stakeholders in the healthcare
industry (i.e. pharmaceutical and medical product suppliers and insurance and
government organizations) as well as from Physicians and other care providers.
MNI believes that secondary financing should arise as companies access the
data mining, which allows them access to specific patient information without
disclosing information about the patient or the Physician.
Achoo.com
---------
The Major Transaction includes the Achoo web site, www.achoo.com.,
MediNet Systems portal to publicly accessible health information on the
Internet. The Achoo website is designed to provide popular information for
accessing a wide range of healthcare information sites. Launched in April 1996
by MNI, Achoo serves as an Internet entry point for both the medical community
and all other Internet users with an interest in the latest healthcare
information. Linked to some 10,000 sites and 15,000 links, Achoo is
experiencing over 1.5 million hits a month from over 130 countries around the
world. Achoo helps users manage the huge mountain of healthcare information
generated everyday, which MNI believes to be one of the most serious problems
faced by both the public and the medical profession. Achoo strives to
catalogue, index, describe and evaluate this information flow so that users
from the lay person to the medical professional - can quickly find the
location of specific information which is important to them.
Achoo's Healthcare Directory currently consists of three main
directories:
Human Health and Disease: Categorizes, structures and functions of the
human body; human health, and manifestation, recognition and treatment of
human diseases; the Practice of Medicine including the educational,
economic, social, political and legal aspects of medicine;
Business of Health: Provides up to date information on healthcare
products and services for both healthcare professionals and consumers.
Organizations and Sources: Provides access to other healthcare
directories and databases.
The MediNet System brings confidential, patient specific health
information to the point of care. Achoo complements MediNet by bringing
supporting non-confidential and non-patient specific health information to the
point of care.
Management Team
---------------
The management team, at present, consists of four persons:
Dr. Marc Raheja, President, has over 30 years experience in the
healthcare sector.
Victor Gaughan, Vice President, has over 20 years experience in systems
development.
Fred Gregoris, Chief Financial Officer, has over 25 years experience in
financial management and taxation.
Dr. Bhushan Kapur, Director Scientific Affairs, has over 30 years
experience in laboratory medicine and toxicology.
----------------------------
Garo Deyrmenjian, President
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
-0- 03/10/1999
/For further information: Corniche Capital, (604) 687-8366/
(CNC.)
CO: Corniche Capital Inc.
ST: British Columbia
IN: HEA
SU: PDT
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