On The Go Technologies Group
(OTCBB: ONGO)
CONCORD, Ontario, July 10 /PRNewswire-FirstCall/ — On The Go Technologies Group (OTC Bulletin Board: ONGO; ‘OTG’ ‘the Company’), a leading multi- industry computer hardware, software and systems integrator, announced today that as uses for healthcare information technology become more diverse and demanding, its medical diagnostic and scientific research division OTG Healthcare continues to be recognized as a respected and pioneering sales and service force. The Company consistently builds upon a strong foundation, adding new customers and revenues monthly.
OTG Healthcare provides multiple IT platforms focusing on cohesiveness within often unrelated medical environments. In addition to improving cost effectiveness where both patients and clinicians benefit, the division provides an innovative technological framework easily managed throughout an entire network: a challenge that involves connecting a multitude of vendors, applications and locations. OTG Healthcare’s growing roster of medical facilities, and diagnostic delivery and administrative clientele, inclusive of the significant turnkey DICOM archive solution recently requested by a Canadian Provincial healthcare region, the first of its kind in the nation and poised to become an industry standard, is representative of not only the Company’s entrepreneurial spirit, but also its solid industry reputation.
According to the Centers for Medicare and Medicaid Services, the overall cost of North American healthcare doubled from 1993 to 2004, with almost $140 Billion more spent in 2004 than the year before. In 1997, healthcare accounted for 13.6% of the US GDP.
Mind Branch, a leading source for market research covering the healthcare industry, has stated that, as such, there will be a steady increase in demand for medical imaging services, along with pressures to improve the quality of healthcare delivered. Medical imaging provisional sectors – OTG being a main player – are positioned over the next number of years for a major growth phase fueled by the availability of new technology coming out of the computer and digital information technology segment, and the higher interest of individual older baby boom patients and general healthcare consumers to monitor health status. Continuous improvements in technology are resulting in a growing number of new digital imaging tests that combine high levels of accuracy with rapid easy-to-use product formats, as well as the electronic medical record adoption and high storage administrative systems to keep the networks flowing smoothly.
In light of necessary advancements, according to Datamonitor, healthcare providers will spend as much as $39.5 Billion on such technologies by 2008, representing a 7.4% five-year compound annual growth rate from 2003. OTG clients, the likes of larger hospitals and diagnostic centers, have been, and will continue to be, the catalysts of this growing IT adoption.
“Island Corporation, since our acquisition 18 months ago, has become a tremendous asset to OTG, and one of our most consistent and fastest growing divisions,” commented OTG President and CEO Stuart Turk. “Their continued evaluation and mastering of the exacting present and near future needs of, and what best serves, the burgeoning, multi-faceted healthcare and medical scientific communities steadily contributes to the Company’s reputation as a leading and innovative IT sales and services provider, as well as adds strongly to OTG’s road to profitability.”
About On The Go Technologies Group
On The Go Technologies Group is a North American corporation focused on acquiring versatile and profitable companies in the IT sector. OTG and its divisions: OTG Enterprise, catering to Fortune 1000 and SME clientele and vendors such as HP, Apple, IBM, Extreme Networks and Adobe; OTG Digital Media & OTG Creative, prominent systems integrators in the U.S. and Canadian digital entertainment industry; OTG Healthcare, compiling digital solutions and networks for the diagnostic medical community; OTG Research, providing solutions to the education, funding and research communities; and in-house multimedia studio Go Motion + Design, have established themselves as a respected and sought after industry competitors. The Company’s intention is to maintain sustained growth in the years to come via continued organic development in its existing divisions and an aggressive acquisition schedule.
For more information, visit http://www.otgtech.com or http://www.otgtech.com/video..
To view a company profile, visit http://www.otgtech.com/pp.pdf.. To be added to On The Go Technologies Group’s e-mail list for company news, visit http://www.otgtech.com/new_site/inv_pkg_form.htm..
This press release contains forward-looking statements that involve a number of risks and uncertainties. These forward-looking statements contain words such as “expects,” “believes,” “anticipates” and “intends.” Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting the B2B environment; continued ability to obtain hardware, software and peripherals at competitive costs; the company’s ability to finance its planned expansion efforts; the company’s ability to manage its planned growth; and changes in regulations affecting the company’s business and such other risks disclosed from time to time in the company’s reports filed with the Securities and Exchange Commission. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management’s expectations, except as required by law.
Source: On The Go Technologies
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