Message #10 From:
NewsBot Date: November 8, 2005 02:00:00 AM
BGAT News Bluegate Named to Houston Business Journal's Fast Tech 50 List
HOUSTON--(BUSINESS WIRE)--Nov. 8, 2005--For the second consecutive year, Bluegate Corp. (OTCBB:BGAT), a provider of HIPAA-compliant medical grade networks, outsourced healthcare IT services and managed security solutions, has been named to the Houston Business Journal's Fast Tech 50 and this year ranked fourth on the list for percentage growth of revenue.
The Fast Tech 50, a list of the top 50 fastest-growing technology companies in Houston, ranks companies based on year-to-year percentage growth of revenue. Bluegate's revenues increased 191% from 2003 to 2004 through organic growth. Bluegate also recently reported a 174% rise in its first six months' revenues in 2005 versus the first six months of 2004.
"We are honored to be included among this group of rapidly growing Houston high tech businesses," said Manfred Sternberg CEO of Bluegate. "Several factors are contributing to our growth, which we anticipate to continue for years to come. Our specialized, first-of-its-kind HIPAA-compliant medical grade network and outsourced hospital and medical practice IT services fill a growing need in accelerating the conversion of hospitals and medical practices to electronic medical record use and online data sharing and collaboration. As the healthcare industry transitions to the Digital Age and seeks to create electronic interoperability to improve patient care and reduce costs, our services will assist in accelerating that conversion. The hard work and superior quality of service from our team members and the assistance from our strategic business partner Memorial Hermann Health Network Providers have helped us build an excellent reputation in creating the first such medical grade network in the U.S. Through this we have laid a foundation that we believe positions us well for organic growth in numerous other markets where we are in the late stages of expansion discussions for new networks."
About Bluegate
Bluegate Corp. provides specialized HIPAA-compliant IT outsourcing and managed security and interoperability solutions for hospitals, physicians and RHIOs (regional healthcare information organizations). This enables the healthcare industry to have secure, HIPAA-compliant data communication between hospitals, medical facilities and physician practices today which ultimately enhances the quality of patient care while reducing healthcare costs long term. Bluegate also provides affordable access to third-party healthcare vendors that offer compatible medical-focused content and applications over the Bluegate infrastructure to improve practice efficiency and service. Bluegate extends healthcare focused IT best practices to the edge of the healthcare network ensuring every physician and facility they touch is as secure as the hospital itself. Bluegate is publicly traded on the over the counter bulletin board under the ticker BGAT. For information, visit www.bluegate.com or call 713-686-1100.
Safe Harbor
This press release may contain "forward-looking statements." All statements, other than statements of fact, included in this release and without limitation statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.
