SCOTTSDALE, Ariz., Sept. 24 /PRNewswire-FirstCall/ -- MedCom USA, Inc.
(OTC Bulletin Board: EMED), a leading provider of HIPAA compliant
healthcare and financial transaction solutions for the healthcare industry,
has completed the asset purchase of PayMed USA, LLC and Absolute Medical
Software Systems, LLC. PayMed USA and Absolute Medical are leading
providers of Practice Management, Electronic Medical Records, and Revenue
Cycle Management software to Hospitals, Surgery Centers and Physician
Practices.
Mr. Bill Williams, CEO of MedCom USA stated, "This move strengthens our
medical technology portfolio in the healthcare industry. We are very
pleased to announce that Mr. Michael DeLaGarza who was President and CEO of
AMSS and PayMed will be the President of MedCom USA, Inc.. Mr. DeLaGarza,
who has worked in the medical industry for over 25 years and has extensive
contacts throughout the industry, will bring his experience and leadership
to ensure that MedCom will expand and become a major player in the medical
technology space. MedCom will continue to look to acquire other companies
that complement our business, help us grow, and offer our clients a
comprehensive range of services."
Mr. Michael DeLaGarza, President of MedCom stated, "My goal has always
been to provide medical providers with the resources they need so that they
can focus squarely on their patients instead of technology. Joining forces
with MedCom, allows us to aggressively grow the business and dramatically
increase shareholder value. MedCom, PayMed and Absolute Medical are all web
based software platforms, and therefore, the integration of the companies
will progress very quickly. We have the ability to lower operating costs
for all three companies, and plan to market our combined products and
services to both new and current customer bases.
"AMSS products are currently used by hospitals, surgery centers,
imaging centers, clinics, Medical Service Organizations and Central
Business Offices around the country. We've taken the lessons learned from
our customers successes and combined it with integrated and customized
components to craft a world-class, software operating solution that allows
our clients to significantly Lower Operating Costs, Improve Staff
Efficiencies, and generate Improve Cash flows."
http://www.paymedportal.com: http://www.absolutemedicalsoftwaresystems.com.
MedCom's products offer real-time Patient Eligibility and a suite of
payment options which include Credit/Debit, Easy Pay and Check
Guarantee/EFT all delivered through its online web portal,
http://www.medcomconnect.com. For further information on MedCom USA Inc.
http:/www.medcomusa.com
Certain statements in this press release that are not historical facts
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements may be identified
by the use of words such as "anticipate," "believe," "expect," "future,"
"may," "will," "would," "should," "plan," "projected," "intend," and
similar expressions. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the actual
results, performance or achievements of Card Activation Technologies, Inc.
(the Company) to be materially different from those expressed or implied by
such forward-looking statements. The Company's future operating results are
dependent upon many factors, including but not limited to the Company's
ability to: (i) defend its patent; (ii) build the management and human
resources and infrastructure necessary to support the growth of its
business; (iii) competitive factors and developments beyond the Company's
control; and (iv) other risk factors discussed in the Company's periodic
filings with the Securities and Exchange Commission, which are available
for review at http://www.sec.gov under "Search for Company Filings."
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