Card Activation Tech Inc (fka CDVT)

[zagnut]

For Medcom holders...GOOD NEWS....finally

MedCom USA, Inc. Signs Letters of Intent to Acquire Two Medical Transaction Companies

Wednesday July 23, 7:30 am ET
SCOTTSDALE, Ariz., July 23 /PRNewswire-FirstCall/ -- MedCom USA, Inc. (OTC Bulletin Board: EMED - News), a leading provider of HIPAA compliant healthcare and financial transaction solutions for the healthcare industry, has signed letters of intent acquiring PayMed USA, LLC and Absolute Medical Software Systems, LLC. PayMed USA and Absolute Medical are leading providers of Practice Management, Electronic Medical Records, and Revenue Cycle Management software to Hospitals, Surgery Centers and Physician Practices.

Mr. Bill Williams, President and CEO of MedCom USA stated, "We have been looking for products and services which would complement our core business and give our customers the additional functionality that PayMed USA, LLC and Absolute Medical provide. Since MedCom, PayMed and Absolute Medical are all web based software platforms, we believe that by combining our customer base, we will lower our operating costs, while offering services to our current customer base. PayMed and Absolute Medical's current customer average revenue is approximately 5 times that of MedCom. We believe that this will add significant revenue to MedCom's current base of customers. And, since we will be introducing our new combined products and services to new and current customer bases, we will have a significant selling advantage over other healthcare software vendors."

According to Michael DeLaGarza, President and CEO of AMSS and PayMed, "By using advanced technology and innovations based on established 'best business practices', AMSS has successfully crafted a solution that offers healthcare providers a way to streamline the usual difficult and time-consuming tasks of a medical business into one easy to use, fully integrated platform resulting in improved cash-flow and profitability with less work. The AMSS suite of products consists of three integrated components: 1) Revenue Management (RM); 2) Practice Management (PM); 3) Electronic Medical Records (EMR). All components share the same relational database (NO cumbersome, inaccurate and trouble prone HL7 connections) and when combined, offer 'a single version of the truth' so essential in making timely and correct business decisions."

Mr. DeLaGarza will assume the position of President of MedCom USA, Inc. once the acquisition is finalized. He has worked in the medical industry for over 25 years and has extensive contacts throughout the industry. He has owned and operated diagnostic centers and was Chief Information Officer for five hospitals in Texas.

AMSS is currently used by hospitals, surgery centers, imaging centers, clinics, Medical Service Organizations and Central Business Offices around the country. We've taken the lessons learned from our customers successes and combined it with integrated and customized components to craft a world-class, software operating solution that can help to significantly Lower Your Operating Costs, Improve Staff Efficiencies, and Improve Cash Generation. http://www.paymedportal.com ; http://www.absolutemedicalsoftwaresystems.com