DMH International Provides Update on Merger With Virtual Physician's Network
December 12 2013 - 11:42AM
Marketwired
DMH International Provides Update on Merger With Virtual
Physician's Network
DMH International Is Providing an Update on the Proposed Merger
With Virtual Physician's Network, a Medical Software and
Applications Provider
CORAL SPRINGS, FL--(Marketwired - Dec 12, 2013) - DMH
International (OTCQB: DMHI), is providing an update regarding their
proposed acquisition of Virtual Physician's Network (VPN). On
October 21, 2013, DMH International (DMH) announced that they had
signed a definitive Letter of Intent to acquire 100% of Virtual
Physician's Network (VPN), a medical software and applications
provider. On October 30, 2013, DMH announced that the President of
VPN, George England, had agreed to become the Chief Executive
Officer of the company once the merger is completed. On November
13, 2013, DMH announced that William McCullough and his experienced
development team will take over the future software development of
DMH, which includes Touch Medical Solutions and Virtual Physicians
Network. The acquisition required definitive agreements to be
created along with audited financials to be provided by Virtual
Physician's Network. This is expected to be completed by the end of
January 2014.
"We are very excited about this merger," explained Rik J
Deitsch, CEO of DMH International. "Virtual Physician's Network's
products are a great addition to our medical imaging and medical
records software. They bring entirely new applications and markets
to the company as well as seasoned management, software designers
and sales support that has been lacking at DMH International," he
continued. "The addition of the Virtual Physician's Network's
products and management will greatly expand our product offerings
and is expected to shorten our time to market for all of our
products and services," Deitsch concluded.
Virtual Physicians Network is a mobile healthcare business
applications company offering the first fully integrated virtual
event and professional networking platform combined with
proprietary practice building tools for surgeons, healthcare
professionals and medical vendors. Virtual Physicians Network
provides all this for through the Virtual Physician's Network
mobile app available in the App store (Apple devices), Google Play
(Droid devices) and on their web based application. For additional
information about Virtual Physician's Network including a video
demonstration, visit: www.virtualphysiciansnetwork.com.
"I continue to be excited about the opportunities the merger
opens up for both companies" said George England, President and
Chief Operating Officer of Virtual Physician's Network. "Virtual
Physician's Network was designed with surgeons, healthcare
professionals and medical vendors to improve clinical outcomes,
save time and money, drive revenue and increase accountability
utilizing the latest mobile app technology. By adding the ability
to sync with the Touch Medical PACS and EMR software solutions we
have the ability to offer a unique and incredible healthcare
business application package," he added. "This will greatly
accelerate our expansion with surgeons, hospitals and medical
vendors by linking these intuitive solutions and compelling content
together," Mr. England concluded.
The company recently presented their combined business plan at
the Undiscovered Equities conference in Boca Raton. The
presentation is available on the Company's website at
http://www.dmhintl.com.
About DMH International DMH International, through its
subsidiary, Touch Medical Solutions, is a medical software and
device company specializing in PACS (Picture Archiving and
Communications Systems), EHR (Electronic Hospital records), EMR
(Electronic Medical Records), PHR (Personal Health Records),
Medical Transcription, and Paperless Medical Office Solutions. For
additional information about Touch Medical Solutions, visit:
http://www.dmhintl.com
SEC Disclaimer This press release contains forward-looking
statements. The words or phrases "would be," "will allow," "intends
to," "will likely result," "are expected to," "will continue," "is
anticipated," "estimate," "project," or similar expressions are
intended to identify "forward-looking statements." Actual results
could differ materially from those projected in DMH International's
("the Company's") business plan. The merger update with VPN should
not be construed as an indication in any way whatsoever of the
future value of the Company's common stock or its present or future
financial condition. The Company's filings may be accessed at the
SEC's Edgar system at www.sec.gov. Statements made herein are as of
the date of this press release and should not be relied upon as of
any subsequent date. The Company cautions readers not to place
reliance on such statements. Unless otherwise required by
applicable law, we do not undertake, and we specifically disclaim
any obligation, to update any forward-looking statements to reflect
occurrences, developments, unanticipated events or circumstances
after the date of such statement.