Company Press Release
e-MedSoft.com Launches Service Fee-Based esparto Solution for Business-to-Business E-Commerce
JACKSONVILLE BEACH, Fla.--(BUSINESS WIRE)--Nov. 29, 1999-- e-MedSoft.com (OTC:MDTK - news) today announced
that it has launched a special service-based version of its ''esparto''(tm) e-business Web software specifically designed to
provide a fast-to-market, pay-as-you-go, sell-side electronic commerce solution for healthcare-oriented organizations.
e-MedSoft.com realized in 1998 that only the Internet platform could deliver on the potential for organizations of any size to
transact strategic sales and purchases online, and to reach international markets as easily as dealing with customers and
partners around the corner. In fulfilling this vision, e-MedSoft.com developed and deployed in Europe the first-ever hosted
business-to-business e-commerce software for forward-thinking business managers. The product ''esparto'' is currently in
use with several international customers and is now available in the U.S markets.
Commenting on the success of ''esparto'', John F. Andrews, Chairman and CEO of e-MedSoft.com, said, ''Our core focus is
serving the needs of the healthcare industry, and this new version of ''esparto'' is targeted directly at those
healthcare-oriented organizations that want to quickly add e-business functions to their enterprise without spending millions of
dollars just to get there.
''Forrester Research has estimated the development costs at $1.5 million for a basic b2b e-commerce site to more than $15
million for the most sophisticated of sites, and one can add another $700,000 a year just for maintenance. With 'esparto', a
healthcare organization can implement a basic site in less than 90 days for a fraction of those costs. Additionally, with our
service model, we not only provide the software, but we also manage the implementation and host the service as part of our
total offering.
''Forrester also estimates that U.S. business-to-business Internet commerce will grow to more than $1 trillion by the year
2003 with over $100 billion attributable to the healthcare market alone. By offering our 'esparto' product as a hosted b2b
solution for healthcare-oriented organizations, we are able to realize a significant return on our e-business investments.
''In fact those companies that do not have an effort underway now will likely face increasing pressure to get one in the works
immediately either from their customers or from their more nimble net commerce enabled competitors. With 'esparto', they
can get beyond the starting line and fill that competitive void now,'' added Andrews.
''esparto'' is a complete business-to-business application hosted by e-MedSoft.com. The product includes a powerful search
engine, pricing, shopping cart, payment, shipping, administration, and security modules. It is also multi-lingual and can handle
foreign currency translations with ease.
About e-MedSoft.com
e-MedSoft.com with its core 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 healthcare 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 healthcare management system.
Through the Internet, its Java-based integrator, utilizing Sun Microsystems Inc.'s (Nasdaq:SUNW - news) Java technology,
allows the e-MedSoft.com software to communicate across diverse platforms and languages in unlimited capacity, allowing
for the interlink of doctors, hospitals, clinics, HMOs, 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 of
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 healthcare market,
government regulation of healthcare, the Company's limited operating history, general economic conditions, and availability of
capital.
Note to Editors: Java and 100% Pure Java are trademarks of Sun Microsystems Inc. in the United States and other countries.
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