ACKSONVILLE BEACH, Fla.--(BUSINESS WIRE)--Jan. 6, 2000-- e-MedSoft.com (OTC:MDTK) today announced that it has
received approval from the American Stock Exchange(R) (AMEX) for listing of the company's common stock on the AMEX.
The AMEX approval will result in the company changing its stock symbol from MDTK to MED when it begins trading on the AMEX,
early next week.
Commenting on this important development, John F. Andrews, the company's president and chief executive officer, stated: "We
are proud to have achieved this AMEX listing.
"In the middle of this market, where investors must be ever more discerning, we stand secure as a company that has
conservatively and methodically built itself up by its own 'bootstraps' to become the leader in the industry. I believe very strongly
that this is the year of e-MedSoft.com."
The American Stock Exchange(R) is part of the Nasdaq-Amex Market Group(SM), which operates the Nasdaq Stock Market(R)
and is a subsidiary of the National Association of Securities Dealers Inc., the largest securities-industry, self-regulatory
organization in the United States.
The American Stock Exchange(R) is the second-largest in exchange-listed equity options, has the most technologically advanced
floor-based exchange, and has significant presence in common stocks, index shares and equity derivatives. The American Stock
Exchange(R) is also a leader in developing innovative products to meet the increasingly complex needs of market participants.
The American Stock Exchange(R) is home to a growing list of actively traded-index-linked securities, such as DIAMONDS(R),
SPDRS(R) and WEBS(R), and its auction market structure has attracted listings of companies from a wide range of industries.
Separately, the company has sold out and closed a private financing of about $7 million, which was initiated early in the fourth
calendar quarter of 1999. The financing, which was arranged through one of the company's investment bankers, Sutro & Co.,
was placed with several institutional investors as well as certain accredited investors.
The financing consisted of a unit offering comprising one share of restricted common stock and one warrant to purchase a
restricted share at an exercise price of $4 per share. The common-stock portion of the unit (at $2) is subject to contractual
provisions, including a delayed registration.
The proceeds will be used for continued business expansion and development, fulfillment of certain customer contracts and
working capital and other corporate purposes.
About e-MedSoft.com
e-MedSoft.com is a leading provider of Internet-enabled application services and business portals for the health-care industry. As
an application services provider for the health-care industry, e-MedSoft.com hosts and provides access to its industry-leading
medical/professional services and Internet applications.
Through its Internet portal, the company extends access to data, knowledge and applications to health-care professionals,
thereby eliminating many manual and costly administrative tasks. Critical information is provided at the point of care anywhere,
anytime, with any device.
Through the company's wholly owned subsidiary, e-Net Technology, e-MedSoft.com extends its products and services
internationally. The e-MedSoft.com family of companies are strategic partners with Sun Microsystems, Oracle Corp. and Cisco
Systems Ltd. For more information, see mdtk.com and www.enetgroup.co.uk.
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 because of 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, availability of capital
and other factors.
Note to Editors: Java and 100% Pure Java are trademarks of Sun Microsystems Inc. in the United States and other countries. All
other trademarks, trade names, registered trademarks or registered trade names are the property of their respective holders.
CONTACT:
Magnum Financial Group LLC, Los Angeles
Michael Manahan, 213/488-0443
mike@magnumfinancial.com
KEYWORD: CALIFORNIA |
