To: Big Dog who wrote (21831 ) 5/27/1998 7:41:00 PM From: Brett Fleischman Read Replies (2) | Respond to of 34592
SCMI news release...doesn't seem like anything major here, what do you think? Systems Communications, Inc. Expands Revenue Potential Through New Alliance With Haddon National Companies, Inc. Business Wire - May 27, 1998 16:55 %SYSTMS-COMMUNCTNS SCMI %FLORIDA %MEDICINE %COMPUTERS %ELECTRONICS %COMED V%BW P%BW CLEARWATER, Fla.--(BUSINESS WIRE)--May 27, 1998--Systems Communications, Inc. (OTCBB: SCMI) announced today that the company entered into a strategic alliance with Haddon National Companies, Inc. through its wholly owned subsidiary National Healthcare Solutions, Inc. (NSC). Haddon National Companies, Inc. located in Maple Shade, N.J., is one of the nation's leading managed care administration organizations with 20 years experience in helping insurance companies, businesses and managed care networks reduce employee healthcare and administrative costs. Haddon currently has over 7 million members covered through their Managed Care Organization's client list involving cities, counties, school boards, unions, non-profit and public organizations, insurance companies, HMO's, PPO's, IPO's, and HPO's. Ed Salmon, Chairman of SCMI commented, "The new alliance with Haddon should further strengthen our marketing abilities and dramatically increased our scope of services that we can provide in this huge $300 billion market of identifying and recovering healthcare overpayments." SCMI is looking for contracts under the new alliance to begin sometime in July or 3rd Qtr of 1998 with expected initial annual net revenues of $450,000 with substantial increase potential over the next 3 years. Systems Communications, Inc. is a Florida corporation principally engaged in the business of Healthcare Management to identify and reduce Healthcare overpayment claims against its company clients. SCMI has been aggressively restructuring its management, reducing operating costs, and developing a strong service team of technology and software capabilities to capture a large portion of the $300 billion Healthcare Market. Statements in this press release about the company's negotiations are "forward looking" statements within the meaning of Sections 21e and 27a of Securities Act of 1933 and 1934. The Company intends that such "forward looking statements" be subject to safe harbors created thereby. Since these statements involve risks and uncertainties, the results could differ materially from those expected. CONTACT: ICS Communications, Inc. Dave Wood, 800/964-8007 or Systems Communications, Inc. Ed Salmon, 813/530-4800