MEDirect LATINO, Inc.
MEDirect Latino is a uniquely positioned provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the rapidly growing Hispanic community in the United States and Puerto Rico. MEDirect is the only company positioned to serve the U.S. Hispanic healthcare market as a direct-to-consumer Medicare provider on an authentically national level. The Company's current focus is the distribution of products for the treatment of Type II diabetes specifically because of its disproportionate impact and increasing diagnosis rate within the US Hispanic population, noting an incidence of 120% higher than among non-Hispanic whites. Type II diabetes was also targeted because of its unique status within the Medicare reimbursement regime and because of its high degree of correlation to other chronic conditions such as high blood pressure and heart disease. These other conditions represent considerable future market potential that will allow MEDirect to efficiently scale its model by leveraging its existing client base and infrastructure. The Company anticipates a minimum of two acquisitions prior to the end of 2005. The first is designed to expand its proprietary product base through the acquisition of a medical products company, whose products can be offered to the existing Company clients, while MEDirect's current products will be offered to the acquisition's existing clients. The second acquisition is contemplated to be a provider network of physicians or marketing company in order to enhance the Company's marketing reach. The Company will continue to expand through synergistic acquisitions of companies with unique medical products for the clients of MEDirect, and through additional distribution systems.
2101 West Atlantic Boulevard
Pompano Beach, Florida 33069
Main Telephone: 954-321-3540
Type of Organization: Public
Charles W. Hansen III - Chief Executive Officer
Charles W. Hansen III was formerly president and chief operating officer of eComeCom.com, a public company designed to assist small to medium brick and mortar companies capitalize on strategic and competitive advantages in the industry. Mr. Hansen’s focus was assisting companies in the process of becoming publicly traded, advising on corporate structuring, methods of debt and equity financing and locating strategic partners. In 1992, he accepted the position of President General Manager of WNPL TV Naples/Ft. Myers. In 1994 Hansen formed DHA production studios and served as president until 1998 when he joined PAX TV as part of the networks inaugural launch as the official Seventh Television Network.
Jim LeGates - Chief Financial Officer
Jim LeGates serves as the Chief Financial Officer of MEDirect Latino, Inc. Mr. LeGates has over 20 years' experience in finance and accounting in a variety of industries and specifically with organizations in flux (mergers, growth, IT migration, worldwide expansion). Most recently he was CFO of Mainstream Holdings, LLC a successful online internet start-up, CFO of Neovest Holdings Inc. a successful software developer who sold to JPMorgan Chase, and Vice President of Finance at WH Smith USA. He started his career with State Street Global Advisors in 1986, was a controller of a manufacturing company from 1990 to 1996, was a CFO/Equity partner in a wholesale distribution company, Manager of FP & A for a multi-billion dollar bankrupt retailer, and finally was a KPMG Consulting Manager for Consumer, Industrial and Markets. He holds a MBA from Northeastern University and a BS degree in Finance and Investments from Babson College in Boston, Massachusetts.
Henry Autry - Director
Mr. Autry is the CEO of Contrado Partners, a global consulting firm based in Chicago. He previously served as CEO of Brigade Solutions; Senior Vice President and General Manager of World Wide Travelers Cheque Group of American Express Company; President and COO of Release International; Senior Vice President and Chief Administrative Officer of Baxter International with global responsibility for manufacturing, logistics, and IT; and Head of Worldwide Sales at FedEx. Mr. Autry is an experienced public director having most recently served on the board of Hyperion Solutions (NASDAQ: HYSL) from 2000 until 2007 when the company was acquired by Oracle Corp. for $2.4 billion. Additionally, Mr. Autry serves on the board of Trinity Healthcare, a $6 billion hospital system.
MEDirectLatino Board Members
Robert Webb - Chairman
Rob Webb is the chief executive officer for Health Solutions Group, a UnitedHealth Group operating unit. Within the Health Solutions group Rob manages a portfolio of related companies including Optum, United Resource Networks, ACN, and HealthAtoZ.com. The Health Solutions Group businesses provide consumer advocacy, wellness, health care decision support, disease management, case management, health information portals, and specialized networks to more than 40 million Americans through its customer relationships with more than 4,000 employers, healthplans, reinsurers and third-party administrators (TPAs). Its portal HealthAtoZ.com, is available to all Americans and international citizens, and offers health information and tools to improve peoples' health.
Prior to this role, Rob served as president and chief operating officer of Health Solutions Group. Rob joined UnitedHealth Group in 2002 as the President and Chief Operating Officer of United Resource Networks.
Previously, Rob was a Partner with One Equity Partners, the current private equity subsidiary of JP Morgan. Prior to that, he was a Vice President with Equity Group Investments, Sam Zell's Private Equity Investment Group.
Prior to his private equity career, Rob was a manager in Arthur Andersen's Business Consulting group.
Rob holds a mechanical engineering degree from the University of Minnesota, an MBA from Northwestern University's The Kellogg School, and a Master in engineering management from Northwestern University's McCormick School of Engineering.
Rob resides in Edina, Minnesota with his wife and their three children.
MEDirect Lancing Device
MEDirect Optium Meter
ANALYTICAL REPORT of MEDirect Latino, Inc.
(This is a direct link to MLTO News)
Shares Outstanding -- 16,951,739 as of 2006-06-30
Authorized Shares---- 50,000,000 as of 2006-06-30
MEDirect is authorized to issue 50,000,000 shares of common stock, par value $.0001. As of February 6, 2006, there were approximately 17,670,545 securities issued and outstanding. Additional shares were issued during the first quarter of 2006 and therefore were not reflected in the December 31, 2005 Financial Statements. All securities outstanding are validly issued, fully paid and non-assessable. There are no warrants or options outstanding as of the date of this filing.
FINANCIALS AND SEC FILINGS
MEDirect Latino Inc.