VisualMED First Quarter Results Meet Guidance and Expectations
November 10 2011 - 8:20AM
Marketwired
VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS:
VMCS) (FRANKFURT: VA6.F) announces quarterly results for the first
quarter of fiscal 2012. A full disclosure statement and financial
results will be available on the OTC Markets site as well as on the
company website at www.visualmedsolutions.com.
Revenues were on the high side of previous guidance at $416,000
with net income of $91,264, as the Company continues to benefit
from the current U.S. Administration's healthcare policies and a
market place that is evolving towards the kind of products we
offer. It is clear that mounting fiscal pressure will continue to
push forward the modernization of clinical facilities and we expect
our business to continue growing accordingly.
"We are very heartened by the progression of business, and the
next quarter is going to prove quite important for us. Also we have
entered into an agreement with a Swiss financial institution to
secure a 15 million dollar fund strictly dedicated to provide
direct vendor financing to our clients," notes VisualMED Chairman
and CEO Gerard Dab. "This means we can finance client leasing and
or acquisition with a faster turnaround than is currently the norm
with lenders."
Being able to provide direct financing solutions to healthcare
facilities should help the company secure otherwise hard to get
accounts who in these uncertain times are hesitant to tap into
their own credit facilities with traditional lenders.
"We had a strong quarter and are in line to achieve the same
king of growth that made last year a banner year. We continue to
diversify, especially bringing to market simpler and cheaper
product lines," concludes Mr. Dab.
ABOUT VISUALMED VisualMED markets smart
Clinical Information Systems (CIS) with EHR and Computerized
Physician Order Entry that are at the core of the new regulatory
environment ushered in by the American Recovery and Reinvestment
Act of 2009 and the Health Reform Act of 2010. We offer medical
facilities and physicians a broad array of clinical applications
with rich embedded clinical data, both scalable and interoperable,
and whose high level of usability has been tested by over one
thousand clinicians over many years in tertiary care and ambulatory
environments. Our solutions help medical facilities increase
provider efficiency, bring down operating costs, demonstrate
meaningful use for ARRA grants and subsidies, and reduce mortality
and morbidity. The Company's Suites of Medical Solutions operate on
state of the art proprietary software platforms with advanced
analytical capabilities provided by Visual Healthcare Corp.
(PINKSHEETS: VSHC).
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.
For further information, please contact: Gerard Dab
514-582-5220