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

To: Mary A Young who wrote (1466)	5/28/1998 10:13:00 AM
From: Vegas	Read Replies (1) \| Respond to of 2911

Mary, Thanks for level-headed post that doesn't rant on about faith in OUR company or other non-sense. I agree with you 100% that these things take time. I don't see much happening until there is some positive cash flow either as contracts or a close on the Banyan deal. Anyway I wanted to discuss why I got into this stock. To give other maybe a vison for the future of this company. I worked for 5 years as a software delevoper for a small firm that had a pc-based office management product for [small] healthcare professionals. Now this is a niche market, at the time there were maybe 3 major competitors and numerous start ups. My specialty was termed "electronic billing" where the software would submit insurance claims to medicare/medicaid and other 3rd party insurance groups via the PC modem. Lag time for payment verus paper was reduced from 60-90 day to 1-2weeks. This was huge, everyone wanted it and because my company did it well we quickly moved into the number 2 spot. We ate up some of the small startups, not for their product but for the customer base. Most of the money came from support fees not the sale of the product. Since it was a private company there was a lack of capital resources to expand too much or into other markets (such as hospitals were the real money is) so things slowed down for a while. Eventually the company was bought by Companion Technologies a subsidary of Blue Cross/Blue Shield of South Carolina - a huge corporation. With the rise of the internet I said wouldn't it be great if a company could do what my old company did, but instead of using modems and pcs, expand to the internet? It would be huge, incredibly so. One thing (IMO) the healthcare industry lacks is standardization. Everyone seems to have their own propietary systems of doing things. What my experience tells me about my investment. Now if this small company (less than 35 people) could catch the eyes of a huge coproration so can Medix. A buyouy is not a far fetched idea nor is a joint venture. Also for those that think we are squandering our time and the big boys would just develop their own software and bury us, I doubt it. Your example is above - why is this? Simple healtcare is complex very much so. I have 5 years experience and would not presume to write my own software. It is so complex and so varied that development costs could ultimately cost more than picking up an undervalued company that already has a product and customer base (if somewhat samll) in place. Also remember that there is no money in the software itself. People are too cheap, margins too small whatever. The money is in support fees and transaction fees. This supports the Medix business model. Hope everyone feels a little more secure in their investment now. Sorry to ramble after all I am a programmer not a writer. JF