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| Healthcare IT and Biotechnology News Release |
| News Home :: Healthcare IT and Biotechnology News Releases :: More News Releases on this day |
| Date of Publication: Monday, July 28, 2008 |
VisualMED Restructuring to Focus on New Markets |
| Company Increases Commitment to Oncology, Internet and Clinics |
VisualMED Clinical Solutions Corp. (The "Company") (OTCBB: VMCS) (FRANKFURT: VA6) announces that it has completed a comprehensive corporate and operations restructuring in order to focus on its more promising markets of oncology, Internet and private clinics.
"Much of this will involve licensing the technology to resellers such as VisualMED Distribution Inc., Medical.MD and Integrated Cancer Care Corp. VisualMED is to become a provider of technology, implementation support, integration and maintenance services to its licensees and distributors in exchange for fees and a steady royalty stream," notes VisualMED Chairman Gerard Dab. "We will continue to be a developer of unique technology while seeking sales and marketing partnerships. This restructuring allows the company to diversify sources of revenues and helps to keep expenses in line with revenues."
The new business focus is proving promising. Our reception at the American Society of Clinical Oncology (ASCO) 2008 annual meeting in June garnered much attention and sales interest for our oncology technology, particularly at the specialized EHR lab.
With the deployment of our VisualONCOLOGY module at the McGill University affiliated Segal Cancer Center and the coming implementation of at Montreal's St. Mary's Hospital, our oncology platform is rapidly finding a niche in the market for improving cancer care.
We are pursuing our partnership with Plexo Inc. developing a comprehensive clinical management system for this leader in private executive health.
A significant part of this new orientation has been a major overhaul of our executive team that has seen Dr. Arthur Gelston, CFO Mr. Larry Kurlender and VP Finance Ms. Jayne H. Kirby leave the company to pursue other opportunities.
"We will continue to grow our business through new partnerships," concludes Mr. Gerard Dab. "We now focus on markets that are willing and ready to adopt our technology."
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