Moneymade: Take a look at ABYT. They just announced a news internet product today.
ALPHA BYTES, INC. INTRODUCES H-NET(R), INTERNET-BASED,
Comprehensive Transaction Network for Healthcare Industry
NIAGARA FALLS, N.Y., March 10 /PRNewswire/ -- Alpha Bytes, Inc. (OTC
Bulletin Board: ABYT), North America's leading provider of software for the vision
care industry, announced today the introduction of a new Internet- based transaction
network for the healthcare industry called H-Net(R). The service is expected to be
available in the second quarter of 1999.
Initially available to the vision care industry, the comprehensive new service will
electronically link vision care providers including retail opticians, retail optical chain
home offices, optometrists, ophthalmologists and optical laboratories together, along
with insurance companies and credit and debit card networks. The Internet-based
network will enable participants to significantly reduce costs while speeding up
processing of health care claims and payments and simplifying the accompanying paper
work. The network has potential applications for other healthcare segments and
industries.
There were an estimated 475 million transactions between various participants in the
vision care industry in 1997, a significant number of them handled manually. The
transactions included such activities as checking for insurance eligibility, insurance claim
submissions, eyeglass frame ordering, lens ordering, frame trace submission, billing for
lab services and credit/debit card transactions. H-Net(R) is designed to integrate all of
these functions into an automated seamless network.
Anton M. Stephens, chairman and chief executive officer of Alpha Bytes, Inc., said, "As
a transaction service provider (TSP), we are creating an Internet-based, real-time
on-line processing system that we believe has significant growth opportunities beyond
vision care. H-Net(R) will operate from a central hub that receives, processes and
forwards data instantly to the appropriate site. All transactions will pass through an
electronic tollbooth. With our business alliance partners Microsoft Corp. (Nasdaq:
MSFT) and Compaq Computer Corp. (NYSE: CPQ), we are building a powerful,
dependable and responsive system that will seamlessly link with our existing software
client base. This is an exciting opportunity because H-Net(R) has so many potential
applications. The relatively low cost of implementation, combined with significant cost
savings and ease of use, make this a highly attractive service for the Healthcare industry.
We already are in advanced discussion with a number of important companies in the
healthcare industry who understand the benefits of H-Net(R) and have shown a high
degree of interest in the service. In addition, we are looking forward to demonstrating
H-Net(R) to other major players in the vision care industry next week."
H-Net(R) is being publicly demonstrated for the first time at the Vision Expo East in
New York March 19-21 in New York.
Alpha Bytes, Inc., North America's leading provider of enterprise software for the
vision care industry, is transforming itself into an Internet-based electronic transaction
service provider. With an existing customer base of approximately 6,000 vision care
outlets, Alpha Bytes is making significant R&D investments to facilitate a rapid
deployment of H-Net(R) to as many users as possible. The relationship with the alliance
partners Microsoft and Compaq is designed to assure the company of the most
powerful solution for an Internet based transaction network that will set the standard of
excellence in the healthcare industry.
For more information contact Christine Stephens at (905) 475-3249, Email:
info@h-net.net or Frank Hawkins or Julie Marshall, Hawk Associates, Inc. at (305)
852-2383, Email: info@hawkassociates.com.
Detailed information about Alpha Bytes can be found on the website
www.alphabytesusa.com. Copies of Alpha Bytes, Inc. press releases, SEC filings,
current price quotes, stock charts and other valuable information for investors may be
found on the website: hawkassociates.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995:
Statements in this press release regarding the expansion of the Company's operations
are forward-looking statements. Words such as "expects," "intends," "believes,"
"anticipates," and "likely" also identify forward- looking statements. Actual results may
differ from such forward-looking statements as a result of a number of factors, including
but not limited to, continued acceptance of the Company's products, increased levels of
competition for the Company, new products and technological changes, the Company's
dependence upon third-party suppliers, intellectual property rights and other risks
detailed in periodic reports filed by the Company with the Securities and Exchange
Commission.
SOURCE Alpha Bytes, Inc.
|
