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SOURCE: BioLogix International, Ltd.
BioLogix and BigOnline to Build Medical Community
SAN FRANCISCO, May 13 /PRNewswire/ -- BioLogix International, Ltd. (OTC Bulletin Board: BGIX - news) reported today that it has entered into an exclusive development agreement with BigOnline (www.bigonline.com) to build a medical community for its Internet subsidiary The MED TEL Corporation (www.medtel.net). The move bolsters the Company's already strong competitive position within the e-health portal industry by adding a physician and provider network to its consumer-based health supersite (www.thehealthchannel.com) and world of virtual health and medical reality (www.virtucare.com).
''We now look to more rapidly build our provider network, helping to put those who need health care and advice the most in touch with those who can now be even more empowered to give it,'' said BioLogix Chairman and CEO, Michael Grandon. ''BigOnline has developed a set of straightforward, easy-to-use tools which completely demystify the Internet for medical professionals, who may not have either the time or inclination to get on-line themselves. Everything they need is already provided.''
''We will enable The Health Channel to build its community of health professionals and online resources by leaps and bounds,'' according to Chris Running, President and CEO of BigOnline, Inc. ''This partnership also strengthens our strategic position in the online community market.''
The deal calls for a two-year exclusive strategic partnership with a minimum growth of over 2500 hospitals, medical associations, and large medical group practices within the network. The development is also expected to provide a direct challenge to other health portals entering the on-line physician market; including the Atlanta-based firm WebMD, which is reported to have already raised $70 Million privately and hopes to raise another $53 Million through an IPO.
Founded in 1995, BigOnline was first launched under the name BigBook, Inc. as one of the first yellow pages directories on the Internet. BigBook quickly grew into the nation's premier online yellow pages directory, winning over 50 awards and attracting more than 1 million users a month. Following its success as the online yellow pages, BigOnline is now quickly becoming one of the nation's leaders in web site development. The firm is backed by some of the best-known and most powerful venture capital firms in the country, including Plantagenet Capital Management, New Enterprise Associates (NEA), Hambrecht & Quist, Altos Ventures, and Brinson Partners, with multi-billions under management.
SOURCE: BioLogix International, Ltd.
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