VisualMED Provides Revenue Guidance on First Quarter
Market Turning to Medical Solutions; Drives Company Performance
(firmenpresse) - RENO, NV -- (Marketwire) -- 10/18/11 -- VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS: VMCS) (FRANKFURT: VA6) is pleased to be able to announce today that it expects revenues for the first quarter of fiscal 2012 to be between $320,000 and $400,000. The mid-range of the current guidance would represent close to a 400% increase over the same period last year. The continued growth in revenue reflects the emerging trend away from engineering service companies to medical based vendors with real clinical solutions like those offered by VisualMED. If the first quarter performance trend is maintained in following quarters which are seasonally stronger, then the Company's previous guidance for fiscal 2012 would have to be revised sharply upward.
"It should be remembered that medical informatics is still quasi-virgin territory. We have major business initiatives that have taken long years to develop and are expected to mature this year and start producing revenues," says Chairman Gerard Dab. "Certain contract negotiations have extremely long cycles due to size and complexity of the decision process. Any one of them would have an instant multiplier effect on our performance."
The Company's main priority currently is to finalize certain deals that would see VisualMED medical content powering healthcare applications distributed over a wide array of national institutions in the United States, to hundreds of thousands of users caring for millions of patients. VisualMED advanced solutions, already among the lightest and most flexible in the industry, have been targeted by a number of provider-user partnerships as a likely candidate. This validates once more VisualMED's expertise and ability to leverage its established brand into major corporate relationships.
The Company continues to credit changing conditions in the healthcare market for its continuing performance.
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
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:
Frederick Berlin
Operations manager
TEL: 514 836 1212
or 514 582 5220
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Unternehmensinformation / Kurzprofil:
Datum: 18.10.2011 - 13:28 Uhr
Sprache: Deutsch
News-ID 77364
Anzahl Zeichen: 0
contact information:
Town:
RENO, NV
Kategorie:
Hospitals, Facilities and Providers
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"VisualMED Provides Revenue Guidance on First Quarter"
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