Diversified Technologies Group, Inc. Completes Acquisition of CareNet, Inc.
Friday September 29, 3:39 pm Eastern Time
Press Release
DALLAS & JACKSONVILLE, Fla.--(BUSINESS WIRE)--Sept. 29, 2000--
Diversified Technologies Group, Inc. (OTCBB: DTGI - news) announced today that it has completed its acquisition of CareNet Inc., a Florida based e-healthcare company.
CareNet, Inc. was acquired for 100,000 shares of restricted common stock.
``CareNet is a tremendous asset to us as we implement our long-term business strategy of acquiring companies that will utilize our e-business infrastructure to grow,'' said John Harris, President and CEO, Diversified Technologies Group, Inc. ``Many organizations have promised and not delivered on e-healthcare. By focusing on the physician, providing a collaborative platform to leverage their position in the health care marketplace and providing them benefits from the evolving e-healthcare revolution, CareNet and DTGI will put the health in e-healthcare.''
CareNet is a medical applications service provider (ASP) that has cemented Web-centric object-oriented software technology with functional physician- and patient-centered healthcare delivery principles. This e-healthcare company has developed a Web-centric integrated suite of practice management applications that provide a singular secure healthcare platform to deliver high quality medicine at lower costs. CareNet's Internet technology and applications will allow physicians to work together (while remaining in separate organizations and different facilities), creating a true community of physicians, which will leverage and reassert power in the marketplace.
While CareNet's central product and prime vehicle is a practical and useful suite of Web-centric physician practice management applications, its greater goal is to gain physician buy-in for market empowerment through the leverage of e-health commerce. CareNet's tools will democratize healthcare, producing a convergence of patients and physicians through the Internet. Each physician connected to the network will bring 3,000 to 5,000 patients into a trusted healthcare portal composed of a network of physicians. CareNet will become a dominant e-health company by establishing the physician's secure, interactive healthcare portal accessible by patients and sharing revenues generated from content, services and products provided on these sites.
``Teaming with DTGI will enable CareNet to aggressively pursue its business plan,'' commented Allen Okie, MD, President, CareNet, Inc. ``We expect to become the physicians e-business partner and utilize our platform to help them deliver better patient care.''
About CareNet, Inc.
CareNet, Inc. is an e-healthcare Applications Service Provider (ASP) that has developed a complete business development platform that empowers physicians to take advantage of the Internet to deliver better patient care. This platform includes software applications to manage physician practices, enabling technologies that allow for the doctor to communicate with Patients, Clinics, Laboratories, Insurance Companies, etc. and an e-Commerce platform to share in the revenue being generated from sales of health generated products. For more information please visit www.carenetweb.com
About Diversified Technologies Group, Inc.
Diversified Technologies Group, Inc. develops and integrates technology companies, services and products that can leverage each other's strengths to build value. The company is developing interests in several technology areas related to communications, computing and the Internet. For more information on DTG, Inc., visit www.dtgiglobal.com.
This news release includes forward-looking statements related to Diversified Technologies Group, Inc. that involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results, the management of growth, market acceptance of certain products and other risks. These forward-looking statements are made in reliance on the ``safe-harbor'' provisions of the Private Securities Litigation Reform Act of 1995. For further information about these factors that could affect Diversified Technologies Group, Inc.'s future results see the company's filings with the Securities and Exchange Commission (the ``Commission''). Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual results may differ materially from management expectations.
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Contact:
Diversified Technologies Group, Inc.
972/774-4445
or
Marketex
Investor Relations
Gary Swancey, 770/389-5645
