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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX) -- Ignore unavailable to you. Want to Upgrade?


To: Currency who wrote (359)3/25/1998 12:32:00 AM
From: Ken W  Read Replies (1) | Respond to of 2911
 
Kevin and Jim B.

If I may be so bold gentlemen. Cymed. Lynx is the co. that is in the beef with ADRX over the patent infringement, stealing trade secrets and violation of the Rico statutes. Thus far there has been no law suit filed. Lynx, at this point has issued a demand to ADRX in the sum of 395 million based on five years of future earnings to Lynx.

Fla. law allows ADRX 30 days to answer the demand of Lynx prior to Lynx being allowed to formally file for litigation. This is a cooling off time and has come to be a time for talking and bargining.

ADRX has been accused of patent infringement in the past. In 1996 they made settlement with Roche-Phoinc (as I recall) and I know I've spelled it wrong.

My point is that MDIX is in the nurse staffing business and Lynx is their subsid. and seperate business. MDIX was profitable prior to acquiring Lynx. Lynx was added to diversify and grow the core co. Naturally MDIX would benefit from a settlement with ADRX, but that is not the entire story with MDIX.

Thank you gentlemen. Will be looking forward to your research findings as I'm always interested in learning more from those that can teach.

BTW I enjoy your email Jim (TNRG)

Ken W



To: Currency who wrote (359)3/25/1998 12:51:00 PM
From: JonnyCmLately  Read Replies (1) | Respond to of 2911
 
Kevin.... I don't feel picked on. But I did call Cymedix Lynx. They do nothing in the way of skilled nursing, neither SNF management nor nurse staffing management. The company also claims to not sell their software product. Rather they give it, free of charge to participating physicians for their use. The software applications connect doctors to hospitals, managed care companies and insurance companies. These hospitals and companies pay Cymedix Lynx a fee whenever a doctor connects.

Personally, I like this type of business model because it doesn't require a computer system sale(s) to anybody, and it doesn't require a large sales force to call on doctors because the participating doctor gets the software free.

As for the litigation. I am not a lawyer, but that news release certainly read like that Florida company did some bad stuff.