Message #9 From:
NewsBot Date: December 15, 2005 08:39:00 AM
ITPD News RxFS Announces Fulfillment Agreement with VipMedRx, Inc.
HOUSTON--(BUSINESS WIRE)--Dec. 15, 2005--Rx Fulfillment Services, Inc., (RxFS) a wholly owned subsidiary of Intrepid Holdings, Inc. (OTCBB:ITPD), announced today its agreement with VipMedRx, Inc. (VMRx), a Silver Springs, MD based telehealth company, to provide fulfillment of electronic prescriptions for VMRx's E-prescribing portals being made available to physician members nationwide.
Today the National Medical Association (NMA) announced (http://www.nmanet.org/VMRXRressRelease.pdf) its agreement with VMRx to provide an e-prescription, e-journal and a content management portal to its 30,000 member physicians. To view the NMA's press releases and learn more about the NMA please visit the NMA web-site at http://www.nmanet.org/.
VMRx will begin offering these services to all physicians in early 2006. With the agreement between RxFS and VMRx, RxFS will be positioned to provide a much wider mail order prescription service to member physicians for their patients through the implementation of the VMRx advanced information technology portal.
"With RxFS' inclusion to our service offerings, VMRx provides one of the most complete physician healthcare information technology systems available to physicians in the United States," stated Ernest Carter, M.D. PhD, CEO of VMRx.
RxFS intends to support VMRx and its physicians with their e-prescribing needs and in complying with the implementation of the Medicare Modernization Act, Medicare Part D program.
"The contract with VMRx is a major focus of our business," stated Toney E. Means, President of RxFS. "It offers us the opportunity to provide much needed services to VMRx, physicians, and patients," added Means.
"This agreement is also very important to the growth of Intrepid Holdings, as we continue to implement our business strategy," said Maurice Stone, Chairman of Intrepid Holdings, Inc.
Intrepid Holdings is a public holding company whose business strategies are focused on the delivery of healthcare and related services. Intrepid's present business is concentrated in mail-order pharmacy, central-fill pharmacy, and pharmacy benefit management (PBM) services. The company is actively pursuing several acquisitions in additional market sectors related to Medicare, Medicaid, and urban markets.
This press release contains various forward-looking statements and information, including management's expectations of revenues, earnings per share, operating margins and growth in certain markets that are based on management's belief as well as assumptions made by and information currently available to management. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions including, among other matters, changes in market conditions, availability of funding and competition for venture capital investments. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. For a discussion of the risks, investors are urged to refer to the company's reports filed under the Securities Exchange Act of 1934.
