MedcomSoft Inc -
MedcomSoft signs agreement with Philippine
conglomerate
MedcomSoft Inc
MDCM
Shares issued 17,833,333
1999-05-21 close $1
Tuesday May 25 1999
Mr. Sami Aita reports
MedcomSoft Inc. has signed a teaming agreement with Benpres Holdings
Corporation, one of the largest conglomerates in the Philippines. The two
organizations will jointly pursue opportunities to implement MedcomSoft's leading
edge MedWorks software in the Philippines' health care sector. The first project
under development is a nationwide health claims network. MedcomSoft and
Benpres are working to move into a full joint venture in the near future.
"This teaming agreement provides MedcomSoft with an exceptional infrastructure
that will assist us in our penetration efforts in the Far East markets," said Sami
Aita, MedcomSoft's chief executive officer. "Benpres is a highly respected and
influential partner that can open doors for our company and products, not only in
the Philippines, but throughout Southeast Asia. Sharing their information
technology resources and infrastructure will also allow us to more easily develop
and customize products for this market."
"Teaming with MedcomSoft gives Benpres access to leading edge health care
technology and expertise," said J. Xavier B. Gonzales, Benpres' chief operating
officer. "In addition, it will leverage our advanced telecommunications
infrastructure in a new market sector."
Considered among the bluest of the blue chip Philippine firms, Benpres Holdings
Corporation is the dominant provider of basic services in the Philippines. Its
diversified investment portfolio includes broadcasting and cable, power generation
and distribution, banking, telecommunications, property development, toll ways
management, water utilities and information technology. Benpres is listed on the
Philippines Stock Exchange (PSE) and together with four of its listed companies
accounts for 10 per cent of the total market capitalization of the PSE.
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
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