Sutro & Co. Engaged as Exclusive Investment Banker to e-MedSoft.com
LOS ANGELES (May 26) BUSINESS WIRE -May 26, 1999--Early today, e-MedSoft.com (OTC: MDTK) announced that Sutro & Co. a leading west-coast
investment banking firm and the fourth oldest named member of the New York Stock Exchange -- has agreed to act as the exclusive investment banker
for the Company. With Sutro's assistance, the Company now intends to pursue filing an application for listing on the National Market System.
Sutro & Co., founded in 1858, is a full service investment banking firm and securities broker dealer, whose range of services includes retail sales,
institutional sales, corporate finance and financial advisory. Sutro & Co. is a wholly owned subsidiary of Freedom Securities Corporation, a publicly
traded company listed on the New York Stock Exchange (NYSE: FSI).
Douglas Burke, Managing Director of Sutro & Co, commented: "In reviewing recent market activities in this industry, it is apparent to us that the financial
community is very attracted to this sector. The size of the market for Internet applications in health care and the medical community appears substantial,
because the need to deliver higher levels of efficiency at reduced costs has been heightened in the current health care marketplace."
John F. Andrews, Chairman and CEO of e-MedSoft.com stated: "In choosing Sutro & Co., it was our objective to align e-MedSoft.com with an investment
banker that has the experience and reputation needed to assist us as we aggressively pursue the marriage of health care management and the Internet
through our flagship e-MedSoft.com software. Our Company is operating in virgin territory - although there are other companies with similar objectives, the
industry as a whole has not yet embraced any one solution. We look forward to working with Sutro & Co. to assist us in achieving our objectives."
About e-MedSoft.com:
e-MedSoft.com, with its recently acquired medical software product, being sold under the trade name e-MedSoft.com, is leading a transition in the
medical industry, as it is the first subscription-based health care management system available for delivery through the Internet. Users of the software are
charged a small up front installation fee, and an ongoing subscription fee based on transaction volume. The medical software is a complete health care
management system. Through the Internet, its Java-based integrator, utilizing Sun Microsystems, Inc.'s (NASDAQ: SUNW) Java technology, allows the
e-MedSoft.com software to communicate across diverse platforms and languages in unlimited capacity, allowing for the inter link of doctors, hospitals,
clinics, HMO's, insurance companies, financiers and government agencies. The ease and low cost with which it can be implemented, its Internet
connectivity, and its ability to allow for the exchange for information across diverse platforms and systems bode well for its widespread adoption by the
medical community. For more information, see mdtk.com.
Statements in this news release that relate to management's expectations or beliefs concerning future plans, expectations, events and performance are
"forward-looking" within the meaning of the federal securities laws. Actual results or events could differ materially from those anticipated in the
forward-looking statements due to a variety of factors, including, without limitation, acceptance by customers of the Company's products, changing
technology, competition in the health care market, government regulation of health care, the Company's limited operating history, general economic
conditions, and availability of capital.
Java and 100% Pure Java are trademarks of Sun Microsystems, Inc. in the United States and other countries. All other trademarks, tradenames,
registered trademarks or registered tradenames are the property of their respective holders.
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