Standard Holdings Group Ltd (fka SNDH)

[ProfitScout]

H-Quotient Agrees to Sell PhysicianQuotient to Healthnostics

VIENNA, VA, Jun 05, 2006 (MARKET WIRE via COMTEX) -- H-Quotient, Inc., (PINKSHEETS: HQNT) announced the agreement to sell its PhysicianQuotient family of electronic medical record (EMR) software products to Healthnostics, Inc., (PINKSHEETS: HNST) for stock and other consideration. Details will be forthcoming.

H-Quotient purchased the software over three years ago and then became embroiled in costly litigation over that purchase. The Company prevailed in that litigation, and has decided that Healthnostics is now best suited with its development, sales, and financial infrastructure to take the software to a broad market.

PhysicianQuotient is a comprehensive medical software system utilizing hand-held devices, web-enabled cell phones, and existing office PCs for front-office, patient encounters along with simplified coding to maximize appropriate reimbursements, EMR with storage capability for digital information, including images, electronic faxes, reports, and transcription sound files. The system includes on-line eligibility and authorization with electronic billing, and it is delivered either as a web-based service or as an in-house turnkey operation. The PhysicianQuotient system also provides key financial information, such as, accounts receivable, financial history, and billing. The system facilitates prompt insurance payment and helps prevent claim errors. The system also provides encounter-form tracking. The Appointment Scheduler includes waiting lists, appointment tracking, an EDI engine, monthly display calendar, extended comment fields, and multiple-resource searches and displays. Recall notices are generated to remind patients to schedule appointments.

HeartQuotient, SightQuotient, and CosmeticQuotient are specialty-enhanced versions of PhysicianQuotient.

HeartQuotient provides storage capability for any digital information, including images, dicom images, electronic faxes, reports, and transcription sound files plus in-depth support for pacemakers, ICDs (implant and follow-ups).

SightQuotient includes specific EMR such as lasik, YAG capsulotomy, cataract extraction, and pteryquim.

CosmeticQuotient provides cosmetic and reconstructive surgeons with a comprehensive web-based practice management system to help improve efficiencies, revenues, and the levels of patient care.

This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.

For more information visit the H-Quotient web site at http://www.hquotient.com.

Contact:
H-Quotient, Inc.
[phone]

SOURCE: H-Quotient, Inc.

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