Ramp (AMEX:RCO)
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Medix Resources Tells Shareholders of Strong Demand for CarePoint
Annual Meeting Includes Approval of All Matters of Business
NEW YORK, Dec. 18 /PRNewswire-FirstCall/ -- Medix Resources, Inc. today
announced the results of the Company's Annual Meeting of Shareholders. Darryl
R. Cohen, Medix chairman and CEO, presided over the December 17th meeting and
presented a review of Medix's accomplishments during the previous 12 months. As
a result of the approval to reincorporate as Ramp Corporation, the Company's new
ticker symbol will be "RCO", effective within the next several days. Medix,
through its wholly-owned HealthRamp subsidiary, markets the CarePoint suite of
technologies.
Meeting topics included:
* The strong demand from physician's for the Company's CarePoint's
technologies, and the current significant backlog of physician
installations that currently exists;
* A Skilled Nursing Facility offering is being developed and is expected
to be deployed in a number of locations within the first six months
of 2004;
* The Company's employee growth has necessitated a pending move to another
location in New York with over twice the office space as currently being
occupied, which is expected to occur early in 2004;
"Our reincorporation in Delaware as Ramp Corporation provides us with a more
accurate representation of our Company's future direction. Access is the theme
that will tie all of our businesses together. Access to better healthcare
through our HealthRamp subsidiary is just the beginning. As we continue to grow
as a Company, we expect that Ramp Corporation will provide access to business
solutions currently unavailable, or available through us in a superior manner,"
continued Cohen.
During the annual meeting, all of the proposed resolutions were approved,
including:
* Election of directors to serve on the Company's Board;
* Approval of the reincorporation in the state of Delaware as
Ramp Corporation;
* Ratification of the 2004 stock incentive plan;
* Ratification of the 2003 consultants stock option, stock warrant and
stock award plan; and
* Ratification of BDO Seidman, LLP as the Company's independent auditors.
Medix, through its wholly owned HealthRamp subsidiary, markets the CarePoint
suite of technologies. CarePoint enables electronic prescribing, lab orders and
results, Internet-based communication, data integration, and transaction
processing over a handheld device or browser, at the point-of- care. Frontline,
another wholly owned subsidiary, provides a state of the art telecommunications
center that enables 24/7 communication between a medical practice and its
patients. The combination of these technologies is designed to provide access
to safer and better healthcare. Medix's products enable communication of high
value-added healthcare information among physician offices, pharmacies,
hospitals, pharmacy benefit managers, health management organizations,
pharmaceutical companies and health insurance companies. Additional information
about HealthRamp, and its products and services, can be found at
http://www.healthramp.com/ .
Safe Harbor Statement: To the extent that any statements made in this press
release contain information that is not historical, these statements are
essentially forward-looking. Forward-looking statements can be identified by
the use of words such as "expects," "plans," "will," "may," "anticipates,"
"believes," "should," "intends," "estimates," and other words of similar
meaning. These statements are subject to risks and uncertainties that cannot be
predicted or quantified and, consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements. Such risks
and uncertainties include, without limitation, the ability of Medix to raise
capital to finance the development of its Internet services and related
software, the effectiveness, profitability and the marketability of those
services, the ability of the Company to protect its proprietary information and
to retain and expand its user base, the establishment of an efficient corporate
operating structure as the Company grows and, other risks detailed from
time-to-time in our filings with the Securities and Exchange Commission. The
Company undertakes no obligation to publicly update any forward-looking
statements.
DATASOURCE: Medix Resources, Inc.
CONTACT: Investors, Andrew Brown, +1-212-697-2509, or Media, Robin
Schoen, +1-215-504-2122, both of Medix Resources, Inc.
Web site: http://www.healthramp.com/