ABYT news! Alpha Bytes Adds Major Proprietary H-NET(R) Elements. On Schedule for Q2 Rollout.
NIAGARA FALLS, N.Y., April 26 /PRNewswire/ -- Alpha Bytes, Inc. (OTC Bulletin Board: ABYT - news), North America's leading provider of software for the vision care industry, said today that it has completed E-Care©, the company's proprietary advanced billing, billing presentation and reporting component that ties the company's new Internet-based transaction network H-NET® into full credit/debt card functionality. The company also has completed EROS, Alpha Bytes' proprietary engine that performs health insurance claim adjudication functions.
In an update for investors, Alpha Bytes President and CEO Anton Stephens said, ''In response to numerous queries about the growing demand for E-Healthcare services and last week's Healtheon/Mede acquisition, I am pleased to confirm we are on schedule for a second quarter commercial introduction of H-NET®. Our overall network infrastructure, the digital link and the platform, which are fully applicable to the broader and expanding healthcare market, have been activated. The value added network consisting of multiple websites, a fully functioning intranet, a multiple file transfer site, a secure fund transfer site and a cryptology key generator is up and running. The central H-NET® hub consisting of powerful processors, various gateways and multiple custom programs enabling various critical applications is completed and has been successfully tested.
''Since the beginning of the year,'' Stephens said, ''we have been certified by Vision Service Plan (VSP), the nation's largest eyecare medical plan, and we have signed an agreement with MedInformatix, Inc. to market Alpha Bytes' H-NET® transaction and software services to MedInformatix's existing and potential customer base in the North American ophthalmology market. By this summer we will offer full two way communications from our existing POS and LAB vision care software clients providing these clients with automatic patient coverage, claim filing and ordering from client labs through H-NET®. In addition, the preliminary analysis and design for the next phase are already complete.''
Stephens said, ''We are very encouraged by the progress we are making. We have several ground breaking developments pending that we hope to announce shortly.''
Alpha Bytes, Inc. is transforming itself into an Internet based electronic transaction service provider. With a streamlined network and an existing international customer base, Alpha Bytes is making significant R&D investments to facilitate a rapid deployment of H-NET® to as many users as quickly as possible. The relationship with the alliance partners Microsoft Corporation (Nasdaq: MSFT - news) and Compaq Computer Corp. (NYSE: CPQ - news) is designed to assure the company of the most powerful solution for an Internet based transaction network that will set the standard of excellence in the healthcare industry.
There were an estimated 475 million transactions between various participants in the vision care industry in 1997, a significant number of them handled manually. The transactions included such activities as checking for insurance eligibility, claim submissions, frame ordering, lens ordering, lab order/frame trace submissions, billing for lab services and credit/debit card transactions. H-NET® is designed to integrate all of these functions into an automated seamless network.
For more information about Alpha Bytes, Inc. please visit our website alphabytesusa.com or contact Christine Stephens at (905) 475-3249. Email info@h-net.net. For copies of press releases, SEC filings, current price quotes, stock charts and other valuable information visit Hawk Associates website hawkassociates.com or contact Frank Hawkins or Julie Marshall, Hawk Associates, Inc. at 305-852-2383. Email: info@hawkassociates.com.
''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding the expansion of the Company's operations are forward-looking statements. Words such as ''expects'', ''intends'', ''believes'', ''anticipates'', and ''likely'' also identify forward-looking statements. Actual results may differ from such forward-looking statements as a result of a number of factors, including but not limited to, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence upon third-party suppliers, intellectual property rights and other risks detailed in periodic reports filed by the Company with the Securities and Exchange Commission.
SOURCE: Alpha Bytes, Inc. |
