RENO, Nev., June 15, 2011 /PRNewswire/ -- Visual Healthcare
Corp. (the "Company") (NASDAQ OTC: VSHC) is pleased to be able to
announce today that it expects revenues for the fourth quarter of
fiscal 2011 to be between $1,050,000 and
$1,150,000. The mid-range of the current guidance is a
record high since inception and represents a substantial increase
from previous quarters in 2011. Based on these figures the Company
can provide further guidance regarding year end revenues for the
entire year which is expected to be between $1,460,000 and $1,550,000.
Final year end results will be released on August 30th, 2011. The Company will hold a
conference call to discuss 2011 financial results Wednesday, August 31st, 2011, at 11:00 AM EDT. Contact information will be
provided on company website.
Company Chairman, Mr. Gerard Dab
largely credits changing conditions in the American healthcare
market, including new regulations, for the company performance in
2011. New products and services have been ushered in but would not
have been as well received if the market had not been more
receptive than ever before in the company's 12 year history.
ABOUT VISUAL HEALTHCARE
Visual Healthcare Corp., since 1998, designs, creates and
develops innovative information platforms, specifically conceived
for the automation of a wide range of scientific disciplines. These
include pharmaceutical research, clinical trials, laboratory
automation, true quality assurance tools, total quality control
applications. They also include quantitative analytic tools
such as proprietary frameworks for electronic health records,
electronic prescription, infection and disease control, and smart
cancer registries. The company's extensive portfolio of proprietary
technologies is the result of a unique collaboration between senior
clinicians from the McGill University
Faculty of Medicine and affiliated tertiary care centers, medical
software architects, and a Fortune 100 healthcare service company,
investing some $50 million in the
process. The Company licenses its technology to operating companies
in exchange for an equity stake or a royalty stream. It owns
significant stakes in various companies including VisualMED
Clinical Solutions Corp. (NASDAQ OTC: VMCS), a leader in the field
of electronic health records.
For more information, please visit:
www.visualhealthcarecorp.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.
Contact:
Gerard Dab, CEO
Visual Healthcare Corp.
514-582-5220
SOURCE Visual Healthcare Corp.