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Gold/Mining/Energy : T.ITE: iTech Capital (TSE) -- Ignore unavailable to you. Want to Upgrade?


To: AriKirA who wrote (3674)1/7/2000 2:16:00 PM
From: Crazy Canuck  Respond to of 5053
 
I just pulled this really interesting press release off of Yahoo.

This partnership will bring Medsite to the Doctors, rather than requiring the Doctors to log onto the site. Their business just seems to be getting stronger and stronger. This is very nice to see!

Crazy Canuk
____________________________________________________________

Thursday January 6, 7:01 am Eastern Time

Company Press Release

Medsite Makes Move to Critical Path to Provide Exploding Healthcare Community with End-to-End Internet Messaging Solutions

SAN FRANCISCO--(BUSINESS WIRE)--Jan. 6, 2000--

biz.yahoo.com

Critical Path, Inc. (Nasdaq:CPTH - news), the dominant provider of advanced Internet messaging and collaboration solutions, and Medsite, the physician's home on the Internet, today announced an agreement in which Critical Path will provide secure, reliable and scalable Web-based email under Medsite's Medmail product name.

The service allows medical professionals utilizing Medsite.com to easily access their email from any computer in the world.

Medsite is a leading medical Web site for doctors and healthcare professionals and offers a comprehensive range of services to help connect customers with medical e-commerce (books, software, supplies), medical information, and communication services. Medsite, which is focusing on the $31 billion medical professional market, is rapidly expanding its services to help the medical community share knowledge, streamline inefficient manual and paper-based processes and earn continuing education credit online.

``Medsite has become a leading player in the e-health space by partnering with leading medical organizations,' said Doug Hickey, Critical Path's president and CEO. ``By focusing on the products and services that doctors are looking for to simplify their lives, Medsite has gained direct access to healthcare professionals worldwide. Critical Path will provide Medsite's exploding global community with advanced Internet messaging tools to further meet the increasing demands of medical professionals.'

``We were looking for best of breed services to better help our customers leverage the Internet to simplify their busy lives. We chose Critical Path because of their ability to deliver reliable and secure messaging solutions that will save our customers time and money,' said Sundeep Bhan, Medsite's founder and chief executive officer.`` Working with Critical Path allows us to focus on building the premier e-healthcare service, while being assured that our messaging solutions will scale to meet our growing number of users.'

Medsite has partnered with more than 250 medical organizations, Web sites and universities including the American Medical Association, American Medical Students' Association and WebMD. Through its relationship with Critical Path, Medsite will also be able to offer its users Critical Path's advanced security features such as Secure Socket Layer (SSL) to improve the security and integrity of valuable e-commerce transactions and sensitive medical information, as well as unified messaging services that will integrate email, fax, voicemail and pager messages.

About Medsite.com Inc.

Headquartered in Manhattan, Medsite.com, Inc. is the physician's home on the Internet. The company, which operates Medsite.com (www.medsite.com), offers a comprehensive range of user-friendly solutions in the categories of medical e-commerce, medical information, and communication services. Building on its first Internet business, MedBookStore, Medsite has become a healthcare destination site offering an extensive selection of medical books, software, journals and supplies, electronic physician credentialing, the latest medical news, a scheduling tool for the medical community, a customizable finance channel, continuing medical education, and numerous other services, geared towards ``making a physician's practice click.'

Founded in 1995, Medsite has forged hundreds of strategic partnerships and alliances with industry-leading hospitals, medical schools, associations and other healthcare companies. Medsite's customers include physicians, residents, nurses, medical students, physician assistants and pharmaceutical companies.

About Critical Path, Inc.

Critical Path, Inc. (Nasdaq:CPTH - news) is a leading provider of business-to-business Internet messaging solutions for corporations, Internet service providers (ISPs), Web hosting companies, and Web portals. Critical Path has built an industry-leading global infrastructure with data centers connected to key Internet exchange points, and currently reaches millions of end-users through its customer relationships. Critical Path provides reliable, secure, and scalable e-mail, and a flexible suite of enhanced messaging services to partners such as E*TRADE, CompuServe, Network Solutions, U S West, Sprint, and ICQ. Critical Path is headquartered in San Francisco, with offices in locations nationwide and in Germany the UK, and in Argentina. More information on Critical Path can be found at www.cp.net.



To: AriKirA who wrote (3674)1/7/2000 2:29:00 PM
From: Crazy Canuck  Read Replies (1) | Respond to of 5053
 
Here is another piece of great Medsite related press that someone just sent me. On page 169 in the January 10th, 2000 edition of Forbes, they have a brief write up on this company.

Here is an excerpt from the lead in to the story followed by the write-up . . .

"When checking back in with the entrepreneurs we covered in 1999, we found unexpected successes and the rewards of persistence, and we found folks who had to scrap their original business plans in favor of better ideas."

Sundeep Bhan's Medsite went after a niche Amazon wouldn't touch - selling medical textbooks on-line ("What the doctor ordered," Jan. 25). Like Jeffrey Bezos, Bhan has expanded his scope. He now sells medical products (from stethoscopes to scrubs), medical journal subscriptions, even an electronic physicians' calendar. "We're writing six-month business plans and changing them every three," says Bhan. Revenues reached $14 million in 1999. Medsite is dreaming of $40 million in sales for 2000, with the help from $63 million of venture capital that will help pay for advertising.