To: Trader J who wrote (7994 ) 2/6/1999 7:11:00 PM From: Trader J Read Replies (2) | Respond to of 56535
Volume Alert: LANV - Keep an eye on this little company. Decent numbers posted recently, great volume on low float. News release from last year: Wednesday December 2, 8:11 am Eastern Time Company Press Release SOURCE: LanVision Systems, Inc. LanVision Systems, Inc. Retains CIBC Oppenheimer Corp. to Explore Alternatives to Maximize Shareholder Value CINCINNATI, Dec. 2 /PRNewswire/ -- LanVision Systems, Inc. (Nasdaq: LANV - news) today announced that it has retained CIBC Oppenheimer as a financial advisor to evaluate alternatives for maximizing shareholder value. Brian Patsy, President and Chief Executive Officer of LanVision, commented, ''Currently, we feel that LanVision's stock price does not accurately reflect the Company's recent accomplishments and future prospects in the marketplace. For example, revenues are running nearly 60% ahead of the previous year, operating expenses have been significantly reduced, our web-browser based WebView™ product and 'thin client' approach is leading the industry, our VHS division is beginning to grow revenues and our SMS relationship is beginning to show significant revenue potential. Accordingly, we are very pleased with our relationship with CIBC Oppenheimer to assist the Company in evaluating several possible strategies to enhance shareholder value and optimize our position in the marketplace.'' LanVision is a leading provider of Healthcare Information Access Systems and web-based outsourced data center operations that enable hospitals and integrated healthcare networks to capture, store, manage, route, retrieve and process vast amounts of clinical and financial patient information. The Company's systems deliver on-line enterprise-wide access to fully-updated patient information which historically was maintained on a variety of media, including paper, magnetic disk, optical disk, x-ray film, video, audio and microfilm. LanVision's systems, which incorporate data management, document imaging/management and workflow technologies, consolidate patient information into a single repository and provide fast and efficient access to patient information from universal workstations located throughout the enterprise, including the point of patient care. The systems are specifically designed to meet the needs of physicians and other medical and administrative personnel and can accommodate multiple users requiring simultaneous access to patient information, thereby eliminating file contention. By providing access to all forms of patient information, the Company believes that its Healthcare Information Access Systems are essential components of the computer-based patient record. LanVision has installed its ChartVision® Healthcare Information Access System, or AccountVision™ Patient Financial Services System in an impressive list of leading healthcare providers including UCSF Stanford Healthcare, University of Pittsburgh Medical Center, Albert Einstein and Beth Israel Medical Centers, University of Cincinnati Hospital, and Memorial Sloan-Kettering Cancer Center.