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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?

To: sommovigo who wrote (2787)	10/20/2000 12:17:07 PM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 3392

Chris, I would suspect that the company could hit those numbers now. I can not believe the price of the stock in relationship to the product. I realize that the market runs in cycles and that Med Tech is getting ready for an upswing. All i can say is in my opinion this stock is way too low for the news and the technology that the company owns.

To: sommovigo who wrote (2787)	10/20/2000 12:47:17 PM
From: Tadsamillionaire	Respond to of 3392

Cyber-Care sells EHC units aimed for Puerto Rico Oct 20, 2000 09:21 AM ET localbusiness.com By Tom Spisak, LocalBusiness.com BOYNTON BEACH, Fla., Oct. 20 (LocalBusiness.com) -- With Federal Drug Administration approval for three of its four models in hand, Cyber-Care has signed a a second U.S. marketing and sales agreement for its Electronic HouseCall remote medical monitoring system. Stock Quote CYBER-CARE INC CYBR 4.56 + 0.13 +2.82% Results delayed 20+ minutes. Under terms of the agreement, Knoxville telecommunication equipment distributor Smart Voices is supposed to buy 250 EHC units for sale in Puerto Rico. "We're buying appliances and making them available to other joint venture partners in the medical data transmission business," Dick de le Guardia, president and chief executive of Smart Voices' parent company told LocalBusiness.com. He added that the units will be available to island hospitals, medical facilities and doctor's offices in 60 to 90 days. Smart Voices will pay about $500 per unit and can pick up additional distribution rights to other Caribbean and Latin American countries in about six months if it stays on schedule with manufacturing and delivery plans, de le Guardia said. Smart Voices is a wholly owned subsidiary of Bee-Trade.com and Toronto's World Sales & Merchandising. It sells voice, video and high-speed data network equipment as an alternate national and international long distance phone service. The company employs 15 at offices in Knoxville, Atlanta and Puerto Rico. De le Guardia said the new Puerto Rico facility is not yet fully staffed. Cyber-Care's Electronic HouseCall is an Internet-based system that connects remote monitoring equipment and combinations of medical devices, including sensors monitoring patients' blood pressure, oxygen and glucose levels, body temperature and electrocardiograms. Video cameras and audio links allow patients, their caregivers and monitoring nurses to see and hear each other over ordinary phone lines. The FDA granted market approval for the EHC-500 unit in August; the EHC-400 and EHC-600 units were cleared in June. The company has developed a lower bandwidth model, the EHC-300, which has not yet been cleared for the U.S. market. Earlier this year, the Boynton Beach company signed manufacturing and distribution deals with Taiwan's Xander Corp. and a subsidiary of the Shanghai Municipal Government's Shanghai Industrial Holdings that cover Asian markets excluding Japan, Australia and New Zealand. The Shanghai deal set off a three-week trading flurry that pushed the stock to a peak of $38.38. Eight months later, the stock has given up nearly 90 percent of that value. In April, Metropolitan Health Networks of West Palm Beach agreed to buy as many as 12,500 Electronic HouseCall units to serve its 44,000 MetCare patients cared for from 300 Florida offices. In addition to developing the Electronic HouseCall system, Cyber-Care operates speech, occupational and physical therapy centers across Florida, and an online pharmacy. For the quarter ended June 30, Cyber-Care lost $7.3 million, or 12 cents per share, on revenue of $9.4 million. The company earned $676,000, or 3 cents per share, on revenue of $8.7 million for the same quarter in 1999. Cyber-Care (Nasdaq: CYBR) open this morning's market at $4.44, up 25 cents yesterday in weak trading. The stock has traded as high $40 and as low as $1.63 per share over the past year.