To: Mr. Big who wrote (58651 ) 1/7/2000 9:50:00 AM From: Mr Metals Respond to of 108040
CHECK THIS OUT:-)Should be good for "KAHI" too. INFU : INFU-TECH, INC (NASDAQ) All Headlines President Clinton's Initiative to Oversee Online Pharmacies Will Spur Growth, Infu-Tech Chief Says Jack Rosen Endorses White House Proposals CARLSTADT, N.J., Jan. 6 /PRNewswire/ -- The chairman and chief executive officer of Infu-Tech, Inc. (Nasdaq: INFU), which is in the process of launching a website aimed at the $16 billion specialty pharmaceutical market, said today that White House proposals aimed at overseeing Internet pharmacies would, if enacted, help spur its growth. "Consumer confidence that they are being serviced by trusted professionals committed to bringing expert knowledge and solutions will encourage more people to use Internet pharmacy systems," said the company's Jack Rosen. "The Internet has tremendous potential for improving the way drugs are prescribed, distributed and administered to patients." "It will be an increasingly important element in the managed care environment. It is simply too important an advance to proceed without requiring standards that would help ensure that the industry remains in the hands of responsible and qualified organizations with expertise in the prescription pharmaceutical business," he added. Infu-Tech's own online pharmacy, smartmeds.com , will offer a complete information system and a host of other services in addition to the secure Internet pharmacy application when it begins operations later this month. The site will include interactive disease state management programs, password protected patient records, medical news and expert medical advice, as well as nutritional products and herbal remedies. "The convergence of Internet pharmacy technology with other interactive data bases accessible to patients and their health care providers offers a tremendous opportunity to improve efficiency, cut costs, improve care and reduce medical errors, said Mr. Rosen. "But these benefits will only be achieved if online pharmacies are operated as a key component in the managed care environment." MORE, BETTER INFORMATION "The key factors for success in the Internet pharmacy marketplace will depend on the company's ability to provide knowledge and solutions for customers," commented Mr. Rosen. "We are building a complete information system, including access to trusted professionals that is focused around the customer's," he said. "The company retains all the information about its customers, has up-to-date drug information, the latest drug research databases available and expert pharmacists responding to customers questions online. This type of convergence will significantly reduce medical errors." CUSTOMER BENEFITS Customers can benefit from online pharmacies because of ease-of-use and lower costs, more and better information about their drug needs, improved response time for information requests, and electronic medical records residing in one place. Infu-Tech is a leading provider of high-quality, cost-efficient specialty pharmaceutical and medical service to patients in their homes, ambulatory infusion sites and in long-term care facilities. With more than 15 years of clinical experience and managed care relationships with enrollees of more than 70 HMO's, large employer groups Medicare and Medicaid, Infu-Tech has earned a reputation for patient satisfaction and clinically proven success in delivering high levels of service to special needs patients. Infu-Tech will be extending its company's interaction with patients with the introduction of its website, smartmeds.com and will be supporting the website with an advertising campaign on "Infospace.com - Nasdaq: INSP". The initial website, which will include an online pharmacy and interaction with medical professionals, will offer the convenience and consistency of ordering specialty medications and other medical products with a simple mouse click. Infu-Tech is accredited by the Joint Commission on Accreditation of Health Care Organizations (JCAHO), and the company's products and services are marketed in 27 states. Infu-Tech is a publicly traded company, Nasdaq SmallCap. -------------------------------------------------------------------------------- SOURCE: Infu-Tech, Inc. CONTACT: Laura Hynes of Rubenstein Associates, 212-843-8095, lhynes@rubenstein.com, for Infu-Tech, Inc.