Medworxx Solutions, Inc. Files First Quarter Financial Statements and Management Discussion and Analysis
May 30 2008 - 1:11PM
Marketwired
TORONTO, ONTARIO (TSX VENTURE: MWX) announced today it has filed
with the Canadian securities authorities its interim consolidated
financial statements and management discussion & analysis
report for quarter ended March 31, 2008. These documents may be
viewed under the Company's profile at www.sedar.com.
ABOUT MEDWORXX
Medworxx is a Toronto-based software company focused exclusively
on solutions for the North American healthcare marketplace. Its
software comprises an integrated suite of solutions, including
content management, learning management, policies and procedures,
utilization management, single sign on, portal, and emergency
readiness solutions.
Medworxx started business in May 2004 in Ontario with 3
employees and has since grown to over 35 employees. Medworxx'
executive team consists of experienced sales, marketing, software
development, healthcare, and finance personnel. Medworxx currently
has a customer base of approximately 75 healthcare organizations
representing more than 250 hospitals and 400,000 end users who are
distributed approximately 70% in Canada and 30% in the United
States. Medworxx' customers use its software platform to increase
competency, reduce redundancy, reduce costs, and simplify
distribution of knowledge to staff and patients, creating a net
effect of increased efficiency and improved patient safety and
care.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. Often,
but not always, forward-looking statements can be identified by the
use of words such as "plans", "expects" or "does not expect", "is
expected", "estimates", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or state that certain actions, events or results "may", "could",
"would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors, such as competition, technological
changes, the changing needs of hospitals, the financial condition
of the Company's current and potential customers, foreign currency
exchange rates, as well as general economic conditions, which may
cause the actual results, performance or achievements of the
Corporation and Medworxx to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Actual results and developments are
likely to differ, and may differ materially, from those expressed
or implied by the forward-looking statements contained in this
press release. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Medworxx Solutions Inc. Dan Matlow President &
Chief Executive Officer (416) 642-1278 Email: dmatlow@medworxx.com
Medworxx Solutions Inc. Domenic Crudo Chief Financial Officer (416)
642-1278 Email: dcrudo@medworxx.com
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