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NewsBot Date: December 17, 2006 11:04:00 PM
VMCS News VisualMED Concludes Year on a High Note
MONTREAL--(BUSINESS WIRE)--VisualMED Clinical Solutions Corp. (OTCBB: VMCS) announces that it is on
track to triple its install base to 15 installed sites by the end of
2007. The reasons for this breakthrough are twofold –
an intensive marketing effort is about to bear fruit in terms of new
contracts; and second, the evolution of VisualMED technology and the
ability to deliver functionality in ASP mode means significant time
saved during implementation.
Chairman Gerard Dab noted “It’s
been a great year for the company, the first year in which we’ve
actually recorded revenues. Based on existing contracts I expect that
revenues for this fiscal year will come close to the $2 million mark.”
Mr. Dab points out that one of the most important elements in the sales
strategy has been the ability to market specialized modules to
specialized hospital departments. He added, “We
have been marketing our endoscopy module as well as an oncology module
and are in the process developing 3 more such specialized modules that
will be ready in the approaching first quarter.”
Mr. Dab went on, “In addition to our
activities in North America, we believe that 2007 will see both our
Italian and French initiatives bear fruit and bring us contracts that
will generate significant revenues in the future.”
He then concluded, “It is clear that we have
built a strong marketing base with a large funnel. As the New Year
approaches, it is important to realize that now more than ever, the
healthcare system will need to rely on solutions such as the ones
offered by VisualMED, to manage the stress that our ageing population
puts on that system.”
About the company and its products
The VisualMED Clinical Information System (CIS) is a unique software
application built to conform to the way doctors and nurses provide and
document patient care. The VisualMED CIS is the only solution of its
kind to have been wholly designed by practicing medical staff in terms
of both workflow and user interface. State-of-the art design is at the
basis of product scalability - the only CIS that can be implemented
across a single care unit, hospital, or region. Unique design features
allow system decision support to conform to local practice, yet
incorporate "best practice" guidelines across a region as a turnkey
solution, depending on needs of individual clients. From a purely
technical perspective, object-oriented design and table-driven
programming allows for cost-effective development that can rapidly
respond to advances in medicine and surgery and informatics, itself.
VisualMED Clinical Solutions Corp. markets and distributes clinical
management solutions that help hospitals and healthcare authorities
reduce medication errors, increase personnel efficiency and bring down
operating costs. One of its key components, Computerized Physician Order
Entry (CPOE) with decision support, is a core solution in the new agenda
to promote greater patient safety and reduce risks due to medication
errors.
Detailed information on our company and its products is available on our
web site at www.visualmedsolutions.com.
Forward-Looking Statements
Except for historical information provided herein, this press release
may contain information and statements of a forward-looking nature
concerning the future performance of the Company. These statements are
based on suppositions and uncertainties as well as on management's best
possible evaluation of future events. Such factors may include, without
excluding other considerations, fluctuations in quarterly results,
evolution in customer demand for the Company's products and services,
the impact of price pressures exerted by competitors, and general market
trends or economic changes. As a result, readers are advised that actual
results may differ from expected results.
