Medify Solutions Limited – MFYS
Medify Solutions announced the business model they will be applying, following the contract signed for the Italian market. In February of this year, Medify Solutions signed a wide range license agreement with CM Isitel SpA, a member of the CM Group.
CM Isitel SpA is a telecom equipment distributor in Italy and has major Telecom Clients. Under the signed roll-out plan, Medify Solutions Ltd integrated the following mechanism: The telecom company distributes the handheld devices (SmartPhones) to the medical community under their own brand name, allowing physicians and nurses to link remotely into the patient’s electronic medical records. The handheld device allows telephony, email, and Internet. In addition, thanks to the Medify system and software integrated into the SmartPhone, the telecom company will bill the medical community 68 euros per month per user (US$ 81.60) for the medical data transfers. Medify Solutions will receive 25% of this amount, which amounts to 17 euros (Euro 20.40) per user per month (see company contract announcement dated Feb 6th, 2006).
Jonathan Bryant, president and CEO, states: “The telecom companies are really interested in our roll-out mechanism, as we open for them a brand new data business”. “The Telco’s will be selling our embedded products and the Medify Solutions system will be their entry key to this market”, he added. With the CM Isitel SpA, Medify Solutions ltd also assured itself an upfront license fee of Euro 200′000 (US$ 240′000).
Medify Solutions Inc. is the first business to have developed a Secure Remote Access product, addressing critical requirements of the UK National Health System Service, any many other medical computer systems, bringing the latest flexible integrated wireless and web-based technologies. MedifyRemote, its leading product, is an application that allows remote access to a patient record through a Pocket PC. The software system is not only specific to any one of the clinical data systems, but to all the National Health System /Healthcare software systems and most of all the medical computer systems. The company’s website is http://www.medifysolutions.com .
Source:
M2 Presswire
and
Medify Solutions Ltd.
For further information:
Jonathan Bryant, Group Chairman,
Medify Solutions,
Tel: +44(0)845-034-4090
jbryant@medifysolutions.com
About Medify Solutions, Inc.: The Medify Solutions group of companies are focused on the development, taking to market and delivery of leading edge mobile solutions for the healthcare market. With operations across the EU, Medify are at the forefront of the technology revolution in patient care. Medify Solutions are the first business to have developed a Secure Remote Access product for the Healthcare market – addressing critical requirements of Governmental strategic initiatives, Using the latest integrated mobile client based technologies.
Forward Looking Statements: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words “estimate,” “project,” “intends,” “expects,” “believes,” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbour” provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Medify Solutions Limited, see “Risk Factors” in the Company’s Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
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