MCAR three times in the news.
MedCare Signs Agreement With Aurora Medical Group; Launch of New Model Success
OAK BROOK, Ill., Jul 1, 1999 (BUSINESS WIRE via COMTEX) -- MedCareTechnologies, Inc. (Nasdaq: MCAR) today announced that Aurora Medical Group in Burlington, WI, has signed an agreement to use the MedCare Program, America's largest network of conservative therapy centers for the treatment of urinary incontinence.
Aurora Medical Group is part of Aurora Health Care, Wisconsin's leading not-for-profit health care system and largest private employer. Aurora's 18,300 employees serve patients at 230 locations, including clinics, hospitals, home care and family service agencies, pharmacies and long-term care centers in 65 communities across eastern Wisconsin.
"Leading healthcare providers and thought leaders are quickly realizing the tremendous value that the MedCare Program offers, not only from an economic standpoint, but also from offering the millions of incontinence sufferers a cost effect and highly successful treatment alternative to drugs or surgery," states Mr. Jeff Aronin, President and CEO of MedCare Technologies. "Our agreement with Aurora Medical Group is just the tip of the 'ice berg'. With over 25 million sufferers spending over $26 billion on the treatment of incontinence in the US alone, the potential marketplace for MedCare Program offices numbers in the thousands. MedCare has the leading product in the market, and with our new MedCare Program model, we can now introduce a even more lucrative option to large institutions like Aurora."
Mr. Aronin continues, "Through our wholly-owned subsidiary, medcareonline.com, Inc., we've also strategically positioned MedCare for the future by identifying an overlooked niche, which is getting the physicians online with a personalized simple to use health portal that meets all of their needs. We're building the world's largest on-line physician community offering a virtual world of medical tools, information and resources using a single point of access to address all medical needs. With the use of patented technologies, we're able to simplify healthcare practices by integrating multiple administrative, communication and research functions into a single, easy-to-use Web-based solution."
ABOUT MEDCARE MedCare Technologies, Inc. is a healthcare technology service company offering services that improve the way physicians operate in today's changing environment. Medcare has a successful record of identifying and filling lucrative, untapped commercial voids, including the development of the MedCare Program, a non-drug, non-surgical treatment for patients suffering from Urinary Incontinence (UI). In association with hundreds of physicians nationally, Medcare is now the largest and fastest growing network of offices treating UI in the United States.
In addition, through its wholly owned subsidiary, Medcareonline.com. Inc., Medcare is providing an Internet Healthcare Portal for physicians. The portal will simplify healthcare practices by integrating multiple administrative, communication and research functions into a single, easy-to-use Web-based solution. Medcareonline has joined together with industry leaders to create a Medical Informatics solution for physicians where they can address their information and services needs through the Internet.
THE HEALTH.NET INDUSTRY In a recent institutional research report entitled "The health.net Industry", Hambrecht & Quist analysts Stephen Fitzgibbons and Richard Lee state, "We believe the Internet will dramatically change how information flows and how people and organizations interact in healthcare. As an inexpensive, ubiquitous, and flexible technology, the Internet will be used to streamline current processes, enhance the quality of care, and create entirely new ways of conducting business. Individual participants, such as patients and physicians, will benefit from the Internet's strength as an information source and a communications medium. Companies that successfully deploy Internet-based strategies will grow revenues and decrease costs at the expense of their less advanced competitors..Health.net companies, in our opinion, will be a driving force behind this change and reap the rewards of progress."
The companies mentioned in this report include Eclipsys, HBO & Co., now part of McKesson, IDX Systems, mediconsult.com, OnHealth Network (Nasdaq: ONHN), Healtheon Corp. (Nasdaq: HLTH), Yahoo !, AOL, and drKoop.com (Nasdaq: KOOP).
For additional information on Medcare Technologies, including recent analyst reports, please contact Mr. Bill Mann at 800-611-3388 or visit our website at medcareonline.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
news 2
John Henderson Joins Medcareonline.com's Select Advisory Board
OAK BROOK, Ill., Jul 1, 1999 (BUSINESS WIRE via COMTEX) -- Medcareonline.com, Inc., a wholly owned subsidiary of MedCare Technologies, Inc. (NASDAQ: MCAR), today announced the election of Mr. John Henderson to its Select Advisory Board. Mr. Henderson holds a Masters Degree in Economics from the University of Stockholm, Sweden and the Universite' of Grenoble, France. Upon arriving in the United States, he worked with the American Hospital Association and founded SMG Marketing Group, the nation's leading supplier of healthcare data and consulting. SMG has developed over 50 proprietary healthcare databases to become a leader in the dissemination of healthcare information and application software throughout the United States and Europe.
SMG Marketing Group holds strategic joint ventures with a number of key healthcare entities in the including American Medical Association (AMA), Healthcom/NWDA, American Association of Preferred Provider Association (AAPPO), American Society of Consultant Pharmacists (ASCP), Mercer Benefits Consulting, and Quintiles Transnational Corp. (NASDAQ: QTRN). Mr. Henderson writes extensively on many aspects of healthcare and has been quoted in the Wall Street Journal and The New York Times.
"I am extremely pleased to have John Henderson join our advisory team," comments Mr. Marc Menendez, President and CEO of Medcareonline.com. "I believe we've found a dynamically talented and experienced individual with unparalleled industry success in partnering with leading healthcare entities. Medcareonline represents a significant opportunity for our shareholders, and there's nobody better suited than John to provide seasoned council on the evolution and development of our company and the future of the Internet as a vehicle for Healthcare."
Mr. Menendez continues, "I look forward in working with John in continuously evangelizing Medcareonline's vision and contribution to the global healthcare marketplace to ensure success in this dynamic and untapped market. Our immediate goal is to build medcareonline.com into a solid online asset for the benefit of our shareholders. Some of the exciting options we face are the ability to go public like the CareInsite (NASDAQ: CARI) or do a spin off to our shareholders like the recent Creative Computer/Ubid (NASDAQ: UBID). It is extremely exciting that the investment community is now realizing that the Internet is the single most important development for the healthcare industry over the foreseeable future, and medcareonline.com is on the cutting edge of the convergence of healthcare and the Internet."
News 3
Interactive Business Channel Announces Investment Opinion
IRVINE, Calif., Jul 2, 1999 (BUSINESS WIRE via COMTEX) -- The following is this week's news released by Ibchannel.com featured company clients for the week ending July 2, 1999. Additional information on these companies can be found at ibchannel.com .
Y2k -- intelliquis.com (OTC BB: INTQ) Intelliquis Receives 50, 000-Unit Order From America Online
E-Healthcare -- justmed.com (Nasdaq: SIMS) SIMS Communications Inc. (Nasdaq: SIMS) announced that it has launched its JustMed.com Internet Healthcare Web Portal and the grand opening of its Electronic Commerce Store located at www.justmed.com
Wireless ISP -- usrf.com
(OTC BB: USRF) US.RF Quick-Cell Wireless Internet System Deployed
Convergence -- noyr.com (OTC BB: NOYR) Telecom Wireless to Acquire Another Baltimore ISP. First Coast Online and Sierra.Net Agree to Be Acquired.
Online Training -- cytation.com (OTC BB: CYTA) TPGI Initiates Coverage of Cytation.com With Buy Rating and Target Price of $15
Internet Nutrition -- nutritioncafe.com (OTC BB: TRIM) TrimFast Group Announces Definitive Agreement With WCW Wrestling and Projects $11 Million in Sales over the Next Two Years
Telecom -- wrdp.com (Nasdaq: WRDP) WorldPort CEO, Carl Grivner to Host Conference Call Wednesday, June 30th, 9:00 am est. To access the call, dial 888/387-8528 for US, 703/925-2404 for international callers. Confirmation number 1695943.
Asian Web Portal -- intermost.com (OTC BB: IMOT) Intermost To Own 70% Of Major Cyber-Cash Banking Payment System
Web Portal -- commercegroupcorp.com (OTC BB: CGCO) Commerce Group Corp.'s Subsidiary Schedules the Development and Launching of its newly planned MyInternet.to Web Portal.
The companies mentioned in the news this week include America Online (NYSE: AOL), CompUSA (NYSE: CPU), Egghead.com (Nasdaq: EGGS), OfficeMax (NYSE: OMX), Staples (Nasdaq: SPLS), DrKoop (Nasdaq: KOOP), Mediconsult (Nasdaq: MCNS), Healtheon (Nasdaq: HLTH), Medcare (Nasdaq: MCAR), AT&T (NYSE: T), IBM (NYSE: IBM), PSINET (Nasdaq: PSIX), Concentric (Nasdaq: CNCX), AOL (NYSE: AOL), Microsoft (Nasdaq: MSFT), @Home (Nasdaq: ATHM), (Nasdaq: CMGI), (NYSE: CPQ), Starbucks (Nasdaq: SBUX), Intel (NYSE: INTC), MCI (Nasdaq: WCOM), Cisco (Nasdaq: CSCO), Books a Million (Nasdaq: BAMM), (Nasdaq: DELL), and Pfizer (NYSE: PFE).
Section 17B Disclaimer: IBC has retained equity positions in companies mentioned in this release. Please visit our full legal disclaimer at ibchannel.com . IBC may buy or sell these stocks at any time.
ABOUT MEDCARE
MedCare Technologies, Inc. is a healthcare technology service company offering services that improve the way physicians operate in today's changing environment. Medcare has a successful record of identifying and filling lucrative, untapped commercial voids, including the development of the MedCare Program, a non-drug, non-surgical treatment for patients suffering from Urinary Incontinence (UI). In association with hundreds of physicians nationally, Medcare is now the largest and fastest growing network of offices treating UI in the United States.
In addition, through its wholly owned subsidiary, Medcareonline.com. Inc., Medcare is providing an Internet Healthcare Portal for physicians. The portal will simplify healthcare practices by integrating multiple administrative, communication and research functions into a single, easy-to-use Web-based solution. Medcareonline has joined together with industry leaders to create a Medical Informatics solution for physicians where they can address their information and services needs through the Internet.
FOR ADDITIONAL INFORMATION
For additional information on Medcare Technologies, including recent analyst reports, please contact Mr. Bill Mann at 800/611-3388 or visit our website at medcareonline.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, changes in insurance reimbursement, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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