To: MeDroogies who wrote (12143 ) 4/29/1998 3:00:00 PM From: P.E. Allen Read Replies (2) | Respond to of 34592
Since you want information: This might be another MDIX play: This one is starting to heat up again. Possible internet Play: Wednesday February 4, 1:05 pm Eastern Time Company Press Release Intelligent Decision Systems, Inc. charts their strategy into the millennium Virtual Services and products to be offered via the internet beginning in March, 1998! WILTON, Conn.--(BUSINESS WIRE)--Feb. 4, 1998 Interim Executive Committee completes task of streamlining IDS and positioning the company as a provider of services via the World Wide Web. Intelligent Decision Systems, Inc (''IDSI'') manufacturer of information solutions is preparing to offer their suite of Health Care Business Products via the Internet within sixty days. The first product to be offered will be Digital Science's MDS 2.0 - (Minimum Data Set) solutions for long-term care facilities. Any nursing home with an Internet Service Provider (ISP) will be able to access DSI's Web-based MDS 2.0 from their existing information system, or desktop computer, regardless of the manufacturer. The second product to be launched is Virtual Payroll Services. DSI clients will be able to access a secure, Internet based, cost-effective payroll service without having to purchase any special software or hardware. Again, all that is needed is an existing computer and an ISP. Robert Hyte, President of DSI and IDS board member states, ''Since the inception of DSI, our mission has been to provide Virtual Services to our clients utilizing state of the art technologies. Using the Internet as a service platform, DSI will be able to bring products to market quicker and more effectively at a fraction of the operational cost needed to maintain software and hardware! Customers will pay an initial membership fee when establishing their Virtual Services Account and then a nominal per transaction fee for each service provided and/or processed.'' The IDS interim executive management team, formed ninety days ago, has performed the tasks necessary to position the corporation in moving forward with this project. Consolidating all corporate functions into the Wilton, CT location and focusing it's Salt Lake technical resources on future Internet product related projects has maximized operational efficiencies. On a going-forward basis, operational costs have been reduced approximately 60% over the same time period the previous year. ''Our client's can now access critical information solutions via the fastest growing information segment in the world.... the Internet!'' Increasing revenues on a quarterly basis from Neptune Technology Leasing, Corp, a wholly owned subsidiary of IDSI and continued financial support from Mid-America Venture Capital has allowed us to complete this strategic transition. Neptune Technology Leasing Corp. unaudited revenues for the second quarter fiscal year 1998 exceeded the same period prior year by approximately 70%. Our clients will now access the tools they need to run their business via our Internet based Virtual Service Organization (VSO).'' states David Horowitz, CEO of IDSI. This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, factors detailed in the Company's Securities and Exchange Commission Filings. Digital Sciences, Inc. (''DSI'') is a wholly owned subsidiary of Intelligent Decisions Systems, Inc.(''IDSI'' (OTC BB:IDSI - news)