CodeSmart(TM) Group CEO, Ira Shapiro, Purchases 25,000 Shares of Company Stock From the Public Market
August 27 2013 - 1:07PM
Ira Shapiro, CEO of CodeSmart Holdings, Inc. (OTCQB:ITEN) (the
"Company" or "CodeSmart"), has acquired 25,000 shares of common
stock of CodeSmart from the public market in a transaction on
August 27, 2013. The stock was purchased at the market value of
$3.21 per share, which has a total value of $80,250. Following this
transaction, Mr. Shapiro directly owns 2,875,000 shares in the
Company. The acquisition was disclosed in the Company's current
report on Form 8-K filed with the SEC that can be accessed on the
website at www.sec.gov.
"I continue to believe that CodeSmart and our CODESMARTTM
UNIVERSITY product is the premier ICD-10 education and training
modality," said Mr. Shapiro. "This stock purchase is symbolic
of my confidence in the Company and its mission to both prepare
coders for the ICD-10 change in October 2014 and the creation of
many jobs that will result from the need for more coders to meet
the increased demand on our healthcare system."
About CodeSmart™
CodeSmart Holdings, Inc. (OTCQB:ITEN) with its subsidiary, The
CODESMART™ Group, Inc., is a premier national subject matter expert
for ICD-10 education and compliance in the United States. Its
product, CODESMART™ UNIVERSITY, is an on-line program of study for
existing coders, new coders, clinicians, and healthcare roles of
all types. Created by a combination of a leading panel of ICD-10
subject matter experts and a major four-year accredited university,
which contributed the nation's top course designers and a platform
that already provides interactive education to more than 60,000
students per year in degree programs. The ICD-10 training also
includes live professors who work with and guide students through
the programs of study in ICD-10.
CODESMART™ UNIVERSITY is endorsed by over 60 colleges and
universities nationwide for its quality of education. The
CODESMART™ Group, Inc. also provides solutions for ICD-10
transition, outsource coding, coding audits, critical documentation
improvement and the revenue cycle continuum.
To learn more about CODESMART™ UNIVERSITY's proprietary
programs, visit www.codesmartgroup.com or
www.codesmartuniversity.org.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
Certain written and oral statements made by the Company may
constitute "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995 (the "Reform Act").
Forward-looking statements are identified by such words and phrases
as "we expect," "expected to," "estimates," "estimated," "current
outlook," "we look forward to," "would equate to," "projects,"
"projections," "projected to be," "anticipates," "anticipated," "we
believe," "could be," and other similar phrases. All statements
addressing operating performance, events, or developments that
either expect or anticipate will occur in the future, including
statements relating to revenue growth, earnings, earnings-per-share
growth, or similar projections, are forward-looking statements
within the meaning of the Reform Act. Because they are
forward-looking, they should be evaluated in light of important
risk factors that could cause actual results to differ materially
from anticipated results. The information provided in this document
is based upon the facts and circumstances known at this time. The
Company undertakes no obligation to update these forward-looking
statements after the date of this release.
CONTACT: Company Contact:
Ira Shapiro
Chairman and CEO
The Codesmart Group, Inc.
ishapiro@codesmartgroup.com
646-526-7867
Investor Contact:
John Baldissera
BPC Financial Marketing
800-368-1217
Media Contact:
Jules Abraham
JQA Partners, LLC
jabraham@jqapartners.com
917-885-7378