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JCDS Does anyone know why the increase in volume last two days?
Main # in I-Box works for me just fine unless you mean another #
TEND TO AGREE SOMETHING IS UP FOR FUTURE OF THIS STOCK
Dear Fellow Shareholders,
InstaCare enters 2010 in the strongest position in the history of the Company, coming off record
revenue for 2009. The last year was one of breakout financial performance across the board. For the
first nine months of the year, we grew revenues by 58% to $14.7 million compared to $9.3 million
last year. Increased revenues were primarily associated with surging demand for the Company's sale
of at-home medical diagnostic and medical disposable products for patients with chronic diseases.
We also achieved profitability, generating net income of $1.6 million for the first nine months
compared to a loss of approximately $17,000 in the same period last year. Although a percentage of
the net income earned was attributable to one-time gains, I am pleased to report that our core
business was profitable throughout the year.
We also realized a number of non-financial goals, including the completion of development for our
revolutionary MD@Hand and MD@Work platform for cell phones and smart phones and the
emergence of InstaCare as an immediate participant in the race to develop and deploy technology to
assist the requirements of federal guidelines or proposed reform legislation, no matter the
congressional or executive sponsor of the reforms. We added two distribution facilities to further
grow our pharmaceutical and test distribution business and agreed to distribute two new medical
surgical product lines. Finally, we solidified our financial position, and renewed our commercial
credit line on better terms. In aggregate, this progress sets the stage for an even stronger year in
2010.
I’m proud of the progress InstaCare has made, building a robust distribution business for life-saving
and life-enhancing prescription drugs and diagnostics to several channels in the healthcare industry.
We have built a profitable business, with 2009 revenues approaching $20 million on an annualized
basis, powering and funding the foundation for our software and technology development business.
We view the MD@Hand segment of our business, our proprietary platform for Electronic Medical
Records (EMR), as the future of InstaCare.
As the debate over healthcare continues, nobody knows exactly what new laws will be enacted. But
one thing is certain, the confluence of technology and healthcare will continue unabated. Everyone
knowledgeable with the topic appears to agree that the use of technology to streamline the
collection and management of patient records, to prevent often deadly human error, and to
accelerate the diagnosis and streamline therapies is necessary. In February, 2009 the Obama
administration issued summary health industry cost saving initiatives as part of their proposed
national healthcare policy overhaul. A specific area of focus and also an area of future and proposed
federal investment will be in electronic medical patient records technologies and other medical
electronic cost-saving technologies. InstaCare’s products and technologies fit into the “sweet spot”
of the government’s proposed EMR initiative, as InstaCare has developed a proven, comprehensive,
easy-to-use software-based platform designed to run on widely used smart phones.
Our proprietary MD@Hand, MD@Work and Practice Probe software technologies manage critical
patient data (electronic medical records), enhance productivity (electronic cost saving technologies)
and facilitate communication with other applications in the healthcare, medical practice and medical
instaCare Corp. 2660 Townsgate Rd Suite 300 Westlake Village, CA 91361 (805) 446-1973
products distribution markets. Our crown jewel suite, MD@Work, is a revolutionary technology that
employs mathematical game theory to medical decision making. We consider this product a kinder
and gentler approach to bureaucratic panels, allowing organizations that treat older Americans to
provide counseling to patients with complex illnesses or end of life conditions, based on medical
input and cost benefit analysis, all available to a medical practitioner instead of a panel, and all
suitable for posting to the patient’s chart and therefore a permanent part of the patient’s record.
We have completed the updates of our medical EMR technologies to include the elastic controls that
allow our technologies to work seamlessly on many varieties of smart cell phones, and readying two
and perhaps three, new patent applications, to secure InstaCare’s proprietary medical technologies,
MD@Hand, MD@Work and Practice Probe, for use with smart phones such as the Apple iPhone,
Verizon Windows phones, the Palm Pre, the ubiquitous Google ‘Droid and RIM's Blackberry line.
I also want to take a moment to discuss the patent process for our technologies that we are
currently going through. In the United States, a patent application must be filed no later than one
year after the description of the technology or process for which a patent application will or may be
filed. Our MD@Hand for cell phones was published or publicly disclosed in November 2009.
Subsequently the Company updated its web site with the one year deadline in mind. Further, we
have been informed that disclosure under a signed confidentiality agreement is not deemed to be
“public disclosure.” So, while InstaCare is currently completing the work on its patents for the
technology that provides the foundation for its MD@Hand, MD@Work and MD@Practice-Probe, we
continue to meet with interested parties. We are also aware that the need for products such as
MD@Hand and MD@Work could be highly influenced by current trends. It was a confluence of
positive events that has allowed us to test-market MD@Hand and now MD@Work without having to
decide whether to make hasty patent filings. It is important that our shareholders understand that
patent applications aren't published or made available by the U.S. Patent and Trademark Office until
at least 18 months after filing.
The opportunity for technology to facilitate the collection, storage, retrieval and management of
EMRs is substantial. Beyond the current health reform initiatives before Congress, and the changes
these initiatives may endure in the coming days, the transition to a more digital collection and
management of patient information has been progressing for some time. Despite this ongoing
initiative, however, the industry has yet to fully embrace technology. That is changing, and rapidly. In
early 2008, the National Center for Health Statistics (NCHS) conducted a mail survey of office-based
physicians to obtain a preliminary estimate of their use of EMRs. In the 2008 mail survey, 38.4% of
the physicians reported using full or partial EMR systems, not including billing records, in their officebased
practices. About 20.4% reported using a system described as minimally functional and
including the following features: orders for prescriptions, orders for tests, viewing laboratory or
imaging results, and clinical notes. (Source: Preliminary Estimates of Electronic Medical Record Use by Officebased
Physicians: U.S., 2008, retrieved from http://cdc.gov/nchs/data/hestat/physicians08/physicians08.htm). This
survey shows that the minority of doctors are using an EMR system, and, importantly, most of those
who are using EMR systems are using incomplete systems. The opportunity to further penetrate this
industry is clear and compelling, the incentives great, and there is an increasing demand for a
comprehensive, easy-to-use system.
instaCare Corp. 2660 Townsgate Rd Suite 300 Westlake Village, CA 91361 (805) 446-1973
Beginning in mid-2008, we added modules to our medical and EMR applications, currently being
developed under the trade name DecisionIT. The modules allow for better management of medical
products distribution and reporting management. Today, we possess a powerful tool that
accomplishes the digitization of patient records, one of the hottest segments of the healthcare
industry. As has been so widely pointed out during this high profile healthcare reform debate,
healthcare represents approximately one-sixth of the U.S. economy and EMR initiatives are among
the areas of most intense investment today. InstaCare is uniquely positioned in an exciting space at
the ideal time with the perfect solution, a solution we own. In a market where base technology
companies are scurrying to come up with primary programming platforms that will eventually allow
our future competitors to begin building their product offerings, InstaCare has a completed suite of
in demand applications suitable for all major smart cell phones on the market.
Another area of major importance to the Board in 2010 will be to qualify for a listing on a national
exchange, likely the NYSE-Amex. In the Board’s estimation, as we achieve our financial and strategic
objectives, the company expects to be a sought after commodity for listing on the Amex exchange,
which specializes in listings for high-growth medical companies as well as medical technology
companies where the proprietary technology can be monetized. Amex provides the company with a
confluence of positives and will allow us to monetize the value of our patents and technologies
directly into added shareholder value. Such a listing would also provide our shareholders with
increased liquidity and access to almost the entire retail brokerage community. In addition, Amexlisted
companies are “blue-skied” nationwide, enabling a new audience of institutional investors to
consider investments in InstaCare. The Company already meets many of the alternative listing
strategies. A jump to this exchange is one of the more exciting of our goals for 2010.
Instacare is a technology company. Our technologies have generated significant interest in the
traditional healthcare industry, which is satisfying and gratifying since we do not employ a national
advertising program. This interest has allowed us to finalize our 2010 parallel marketing strategy, as
previously announced. This strategy involves partnering with two of the organizations that have
contacted us about our MD@Hand and MD@Work cell phone centric EMR/HER products, that
employ medical management tools through the use of mathematical games theory to provide
alternative diagnoses, treatments, expected outcomes and cost benefit analyses all at the point of
patient care, no matter where the physicians treating the patient are located. InstaCare has thus far
received six inquiries from traditional healthcare companies, including systems providers, insurers, a
large commercial laboratory, and two health benefits management organizations. The inquiries
resulted in expressions of interest or detailed outlines regarding potential partnerships. Some of
these entities are interested in acquiring our software outright. Others are interested in strategic
partnerships to distribute our technology through their existing sales channels.
Management and the Board of Directors are evaluating the Company’s options through each of the
potential partners, and the Board has asked management to contact three of the interested parties
and engage in direct discussions. We are cautiously optimistic that additional interested parties will
emerge during this process, further expanding our opportunities. We think the coming 90 days will
be exciting for InstaCare as we take the next several concrete steps to monetize the MD@Hand
platform which we’ve spent so much time and energy to develop. Clearly, the political climate and
the focus of the industry works to our advantage in this area.
instaCare Corp. 2660 Townsgate Rd Suite 300 Westlake Village, CA 91361 (805) 446-1973
Looking into the future, during 2010 and after, we are engaged in several initiatives designed to
unlock shareholder value. Our objectives include:
• Providing medical communication devices for the purposes of EMR exchange based on
networks of personal smart cell phones (Palm Pre, Apple iPhone, Verizon Windows phone).
These products are believed to provide benefits of on-demand medical information to
private practice physicians, licensed medical service providers such as diagnostic testing
laboratories, federal entitlement programs (Medicare, Medicaid) and most importantly,
medical insurers;
• The distribution of medical diagnostic products primarily aimed at institutions that service
patients with diabetic and asthma related diseases and ailments. Our current market focus
for these products is the assisted living and long-term care sector of the larger healthcare
market, however we plan to expand into additional sectors where we can service certain
chronic ambulatory disease states.
• Building partnerships with traditional healthcare systems companies and health insurers for
the parallel marketing of our MD@Hand and MD@PracticeProbe technologies.
• Targeting a listing on a national exchange, likely the NYSE-Amex, during 2010, as we achieve
our financial objectives and those listed above.
As you can see, our optimism in the future and our confidence of InstaCare’s success is increasing. To
that end the Company has engaged William N. Walling, CFA to work with management and publish
2010 and 2011 guidance for shareholders and interested parties. Mr. Walling has also agreed to
defend his guidance in a report and in interactive sessions with shareholders and interested parties.
We believe that shareholders will be excited to see how we plan to progress.
On behalf of the Board of Directors and senior management, I hope you share our enthusiasm for
the future of InstaCare. It has taken a tremendous amount of work, and a good deal of patience, to
Average down before the pop and make money
Agree this should have been up based on the share count but news
Soar LOL Wish but a slow STEADY RISE should be expected and a close above.10 may be expected
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=SKTO
Low share count// near bottom of 52 weeks
AGREE SHEFF AND CREW HAVE MADE MONEY ON THEIR STOCK PICKS AS WELL THEY SHOULD FOR THEIR TIME. I HAVE MADE MONEY ON THEIR PICKS ONLY AFTER FOLLOWING UP ON THE GROUND WORK THAT WAS SO KINDLY DONE FOR ME. SO WHEN THIS GCKO GOES UP IN THE NEXT COUPLE WEEKS SHOULD I FEEL BAD FOR INVESTING (I SHOULD HOPE NOT) BECAUSE THATS WHY I DO IT.JUMPING IN ON A VOLITAL STOCK IS A RISK WAITING AFTER THE.... TO THE MOON CYCLE ....FALLS IS A GOOD TIME TO GET IN ON SHEFFS PICKS.. EXPERIENCE SPEAKING OF COURSE.. GLTA
Ohh the good old days,,,, miss them and all the longs,,, I check in from time to time just to see who may still be here cleaning the cobwebs/// This is not the best stock I invested in and made money but it sure as H E L L was the most entertaining LOL Wish I could get the old secret chat room guys back together for a laugh or two. Go BTZG LOL (one for the bags )
THAT WOULD BE NICE CAN YOU MAKE THE COFFEE BEFORE YOU LEAVE lol
HAS THERE EVER BEEN A COMPANY TO PAY DIVIDENDS THAT ARE DOUBLE WHAT THE COMPANY SHARES ARE WORTH? EVER IN THE HISTORY OF STOCK TRADING/// IF SO LET ME KNOW PLEASE
Does 12Buzz still have the contract for the Bangkok Post ?
Bztg sounds like it is getting back on track to making money for its shareholders again
I was thinking more in the lines of senior vp of the mining operations to be anounced in a soon to be anounced pr that will be coming soon before some year ends which we think will increase revenue by a substantial amount over our previous expectations that we have yet to make in the forthcoming future that we hope to pr soon
P.S. sorry if most of the spelling is correct LOL
P.S.S. WE HAVE TO HAVE A SENSE OF HUMOR
In todays market we seem to find that alot of what has been said by ("CEO's")Crooked Employment Opportunists has been a lie to help prop up the markets. With this being said Shayne/Jack/Sean/whoever is just following in their footsteps even if this path is wrong our profits or losses come from others losses or profits in an up and down market.
Pcola any reference to pensacola
Good Reading from another board "An interesting phenomenon occurs at these "cellar" levels. Since NASD Rule 3370 allows MMs to legally naked short sell into markets characterized by a plethora of buy orders at a time when few sell orders are in existence, a MM can theoretically "legally" sit at the $.0001 level and sell nonexistent shares all day long because at no bid and $.0001 ask there is obviously a huge disparity between buy orders and sell orders. What tends to happen is that every time the share price tries to get off of the cellar floor and onto the first step of the stairway at $.0001 there is somebody there to step on the hands of the victim corporation's market."
so there are others who are in this to make money LOL
I would like to know where all the servers are and give me some real concrete addresses and names of contacts for all the ads that they have sold; but thats just me I am new at this.
I would like to know where all the servers are and give me some real concrete addresses and names of contacts for all the ads that they have sold; but thats just me I am new at this.
I believe he does
I must say that was informative
The fax number is not working and all you get is an answering machine
So how do you feel about all the accusations of NSS that you hear about on many pink boards?
Please dont we have too many millionaires here LOL
Explain the close to 1 billion (yeh thats right )shares traded today
Third time back in hope it still works
Agreed just good reporting
Hey whats going on here I seen price spike up anything good in goodlife.
Supply and Deman. Must have more demand than supply to make it go up
Not at all but with all the hype going on here I feel that there is enough news out to propel this by now, by the way when do you think this will move up in pps.
The market on Monday will be the judge of this stock because all is out and if pps does not jump then I believe zzub may be correct.Volumn is needed and if millions of shares does not happen on Monday if feel for the large holders.
Thought this site would have been buzzin over the IPO
A loss I will take to get outa this fisco,60% is better than nothing
Thanks did not have enough time to read up on as it fell so had to buy when i did sorry to get out so quick
agree got out at .0023 by luck
Very good question: Why is pps going down with IPO around the corner?
I am in at .0016 this morning and i am already losing money LOL