monday March 22, 2010
Patient Access Solutions Expands U.S. Sales Team to Support Mobipen(TM) Care Digital Pen Demand
HAUPPAUGE, N.Y., Mar. 22, 2010 (GLOBE NEWSWIRE) -- Patient Access Solutions, Inc. (Pink Sheets:PASO - News), an emerging provider of healthcare and financial processing technologies that enable a graceful migration to Electronic Medical Records (EMR) for the healthcare industry, today announced they have contracted with five additional sales representatives and will be expanding the responsibilities of their Director of Sales to accommodate the new demand for the Mobipen Care digital pen solution for home healthcare. The company looks forward to significantly increased revenues during 2010.
Patient Access Solutions, Inc. for the fiscal first quarter, ended January 31, 2010, have maintained sales from those of the prior quarter, but expect increased sales forthcoming primarily reflecting increases in sales demand for the Mobipen system. The Company expects to issue a press release in mid-May 2010 citing the results for the second quarter of FY2010. PAS has already received and issued numerous contract proposals for the Mobipen system.
"We are pleased to be moving forward with an expanded sales and marketing team that will aggressively work to meet our sales goals," said Bruce Weitzberg, Patient Access Solutions, President and CEO. "Our Mobipen Solution by Catrel AB and based on Anoto technology is an effective, simple solution for document management and document capture within the home health industry."
"We are committed to rapidly increasing U.S. sales of the Mobipen Solution" said Mr. Weitzberg. "In our latest hiring is an individual with over 24 years of extensive experience in home healthcare, both in the field working, marketing and sales in the industry."
PAS recently signed five individuals experienced in sales to represent the company and is in discussions with several more potential sales representatives. Armed with an innovative, effective EMR and the PAS Mobipen solution, these representatives have already begun enthusiastic sales discussions with medical professionals throughout the Northeast.
About Patient Access Solutions, Inc.
Patient Access Solutions, Inc. (PAS) is a Healthcare Solutions Company which has created a formidable array of technology, resources and allies to enable it to become an agent of radical change in what has traditionally been a slowly evolving healthcare information technology environment. The Company's products are designed to allow health care providers an easy migration to the EMR environment. Among these products are D-PAS, which is a state-of-the-art digital pen and paper technology based on Anoto technology, used to capture hand written information into digital forms and EMR systems and PAS Data Center, which is a terminal solution that allows health care providers to quickly and easily determine benefit eligibility. More information on Patient Access Solutions, Inc. and its products can be viewed at pashealth.com.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in certain of Patient Access Solutions Inc. Securities and Exchange Commission filings available at http://www.sec.gov.
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