Here is another Merger Acquisition PR from the company in September 2007. Guess what the outcome was for this as well? Yes, you guessed it. Nothing. But it did create volume and liquidity
LOS ANGELES, Sept. 26 /PRNewswire-FirstCall/-- InstaCare Corp. (OTC
Bulletin Board: ISCR) a leading e-health Wi-Fi PDA technology provider, the
developer of proprietary technologies for medical DME and EMR applications,
and the distributor of life saving prescription drugs, medical diagnostics
and medical surgical products, announced today that its Board of Directors
will begin review of proposals for possible strategic partnerships and/or
merger with several companies with interests in strategic areas related to
the company's current businesses. The Board of Directors of InstaCare Corp.
will meet within the next week to consider these proposals and other
opportunities, some previously discussed, with the singular objective to
enhance shareholder value. The Board will also discuss the addition of
outside director
InstaCare offers a variety of unique products for medical care and
management including diabetes monitoring systems, wound care and ostomy
products and more. The Company's innovative technology includes a
palm-sized computer allowing physicians to have patients' histories,
medication and more at hand. ISCR employs a technology push business model,
employing its proprietary technologies to add value to the medical products
it distributes.
"As a leader in the development of medical IT solutions, we often
receive inquiries from other companies who desire to either enter our fast
growing market segments, to bolster existing competitive positions without
a need to spend on expensive and lengthy product development projects,"
commented Keith Berman, InstaCare's CFO "We have a responsibility to
consider all opportunities and make the decisions which are in the best
interest of our shareholders. The latest opportunities we are considering
are intriguing, accretive, and potentially highly enriching."
About InstaCare Corp.
InstaCare Corp. is an emerging fulfillment provider of prescription
drugs, diagnostics and specialty medical supplies through several
profitable and opportunity laden medical distribution channels. The company
is also a leading provider of Internet-enhanced PDA devices applicable to
healthcare, lodging, and satellite rebroadcast industries. Its proprietary
MD@Hand and MD@Desktop technologies and systems manage critical data,
enhance productivity and e- commerce, and facilitate communication for many
channels in the healthcare industry.
