To: Stock Watcher who wrote (6874 ) 4/20/1999 8:39:00 AM From: Fuza Read Replies (1) | Respond to of 52051
ABYT news! Alpha Bytes Announces Software Marketing Alliance With MedInformatix Opening New Ophthalmology Markets for H-NET(R) Transaction Activities and Software Sales NIAGARA FALLS, N.Y., April 20 /PRNewswire/ -- Alpha Bytes, Inc. (OTC Bulletin Board: ABYT - news), North America's leading provider of software for the vision care industry, announced today that it has reached an agreement with MedInformatix, Inc. to market Alpha Bytes' H-NET® transaction and software services to MedInformatix's existing customer base and potential practitioners in the North American ophthalmology market. Under the terms of the agreement, MedInformatix will market and sell Alpha Bytes' new Internet-based transaction network, H-NET® as well as the company's full range of vision care software packages. Anton Stephens, president and CEO of Alpha Bytes, said, ''We are pleased to be allied with a leader in providing software for the ophthalmology market. This new agreement with MedInformatix significantly extends our marketing and sales capabilities by immediately opening the growing ophthalmology market to the full range of Alpha Bytes' transaction and software products and represents our first move into other medical markets. Because of the high volume of daily transactions in the ophthalmology marketplace, we believe that H-NET® will offer significant efficiencies and savings to those serving the market while providing an important boost to our financial results.'' MedInformatix offers a Microsoft Windows-based software system for ophthalmology and physician practices. The system currently handles many large practices with multiple locations and multiple companies generating millions of transactions. The MedInformatix product was a finalist in all three categories at the Microsoft Healthcare Users Group Awards in Orlando in October 1998. Alpha Bytes, Inc. is transforming itself into an Internet-based electronic transaction service provider. With an existing international 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® to as many users as quickly as possible. The relationship with the alliance partners Microsoft Corporation (Nasdaq: MSFT - news) and Compaq Computer Corp. (NYSE: CPQ - news) 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 about Alpha Bytes, Inc. please visit our website www.alphabytesusa.com or contact Christine Stephens at (905) 475-3249. Email info@h-net.net. For copies of press releases, SEC filings, current price quotes, stock charts and other valuable information visit Hawk Associates website www.hawkassociates.com or contact Frank Hawkins or Julie Marshall, Hawk Associates, Inc. at (305) 852-2383. Email: info@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.