Ecare Solutions (PK) (USOTC:ECSL)
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EncounterCare Solutions, Inc. (Pink Sheets:ECSL), an
integrated healthcare company focused on the health care technology,
telemedicine, and homecare markets, announced today that it has
appointed Capital Partners Group Ltd., a leading London based financial
services firm to raise up to US$3 million in short-term financing,
followed by an additional raise of US$10 million in long-term funding.
As ECSL’s financial advisor, Capital Partner’s
will manage the series of capital raises through potential investors,
which is expected to result in a potential listing on the PLUS Markets
(formerly known as Ofex) Exchange in London. The agreement was
negotiated by ECSL’s strategic advisor Geo
Genesis Group, Inc. (“GGG”).
In announcing the agreement with Capital Partners, Ron Mills, Sr.,
President and CEO of EncounterCare, said, “We
are extremely pleased to have Capital Partners as our financial
advisors. The equity capital that will be raised will enable ECSL to
consummate several acquisitions for which ECSL currently has Letters of
Intent. The acquisitions will enable ECSL to offer a broader range of
proprietary health care technology, products and services that address
several substantial target markets, including: the Health Care
Information Technology market, the Health Care Telemedicine market
(Electronic Health Record, Electronic Medical Data Exchange and the
Electronic House Call), and the Home Care Market. In addition, during
the fourth quarter of 2006, ECSL experienced a tremendous amount of
positive developments regarding potential contracts, distribution
agreements, and prospective technology partners, the announcements of
which we hope to make in the near future.”
About EncounterCare Solutions, Inc.
EncounterCare Solutions, Inc. (ECSL) is an integrated
healthcare company that operates its business through two divisions, the
Healthcare Technology Division and the Healthcare Services Division. ECSL’s
five operating businesses offer a broad range of proprietary healthcare
technology, products and services that address several substantial
target markets, including: the Healthcare Information Technology market
(Electronic Health Record), the Healthcare Telemedicine market, and the
Homecare market. ECSL’s five operating
businesses include: a Pharmacy, Building Blocks Pediatric Home Health
Services, CyberMedx Medical Systems LLC, Encounter Select, and JMJ
Technologies, Inc.
Web site: www.encountercare.com
About Capital Partners Group Ltd.
Capital Partners Group Ltd. is a leading financial services firm with
presence in the UK, U.S., and Asia. Capital Partners Group provides a
wide range of financial services, including: Investment Banking, Venture
Capital, and Asset Management. Capital Partners Group is Authorized and
Regulated by the Financial Services Authority FSA, is an Authorized
Member of the PLUS Markets Exchange (formerly known as Ofex), is also
Member of the London Stock Exchange (LSE) as a Stockbroker, Capital
Partners Securities Ltd is an appointed Representative of First Equity
Ltd.
Website: www.Capital-Partners.co.uk
Safe Harbor
Certain statements and information included in this press release
constitute "forward looking statements" within the meaning of the
Federal Private Securities Litigation Act of 1995. When used in this
press release, the words or phrases "will likely result," "expected to,"
"will continue," "anticipated," "estimate," "projected," "intends," or
similar expressions are intended to identify "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to certain risks, known
and unknown, and uncertainties, including but not limited to, economic
conditions, dependence on management, dilution to shareholders, lack of
capital changes in laws or regulations, the affects of rapid growth upon
the Company and the ability of management to effectively respond to the
growth, demand for products and services of the Company, newly
developing technologies, its ability to compete, conflicts of interest
related to party transactions, regulatory matters, protection of
technology, lack of industry standards, the effects of competition, and
the ability of the Company to obtain additional financing. Such factors
could materially adversely affect the Company's financial performance
and could cause the Company's actual results for future periods to
differ materially from any opinions or statements expressed within this
press release.