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To: tool dude who wrote (127260)1/27/2004 3:08:33 PM
From: Rocket Red  Read Replies (1) | Respond to of 150070
 
CDED LOOKING GREAT HERE :)

CareDecision Corp. Receives Unsolicited Offers for Sale of Its E-Health Technologies and Related Intellectual Properties

NEW YORK, Jan. 21 /PRNewswire-FirstCall/ -- CareDecision Corp. (BULLETIN BOARD: CDED) , a leading Wi-Fi PDA technology provider to the lodging and satellite media industries, and the developer of patent-pending technologies for e-health and EMR applications, reported today that the Company has received several offers for the acquisition of, or rights to, its e-health technologies, software applications and other medically-related intellectual properties. The Company reports that the offers received for its three major medical IT properties, if taken at their highest values, would aggregate in excess of $6 million. In addition to the current bids under review, the Company has also been notified that additional proposed transactions may be forthcoming.

Concurrently, the Board of Directors of CareDecision Corp. issued this statement, "The Company has not solicited any bids for its non-core business medical PDA technologies and related intellectual properties. It is the belief of management and the Board that the current bids, although appreciated and valued in excess of $6 million or $.05 per fully diluted share, do not accurately reflect the value of these properties in the present firming market. The turn-around in the e-health sector, coupled with a recent announcement by a large health insurer regarding a massive implementation of e-health PDA based technologies, and the Company's multiple patents pending, have led us to conclude that these properties could realize sales values in excess of $10 million ($.08 per share). Thus, we have asked the Chairman to seek the services of an investment banker to help us maximize the prospective highest sale value of these properties."

CareDecision Chairman Robert Cox commented, "The current offers under review value our medical technology at approximately $.05 per share. These bids, which are unsolicited, are for assets that are not part of the Company's current core businesses. The assets that underlie our core businesses would remain totally intact. It is clear to us that our attributes have not gone unrecognized in the e-health sector, where a club-like business atmosphere has allowed for the broad awareness of industry information. Hence, our medical IT products have now become simultaneously attractive to several industry players."

About CareDecision Corp.

Strategically located in several high-growth Wi-Fi market sectors, CareDecision provides Wi-Fi Internet enabled e-business applications. CareDecision's PDA Wi-Fi products offer solutions for the lodging, satellite media, and medical/e-health markets. Many experts agree that the demand for Wi-Fi Internet applications is expected to grow 10-fold over the next three years. CareDecision remains ahead of the ever-growing Wi-Fi solutions curve.

Forward-Looking Statements