H Quotient, Inc. (fka HQNT)

[ProfitScout]

H-Quotient Finalizes Contract

VIENNA, Va., Aug 12, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT) signed a contract that completes the negotiations announced on July 6, 2004, when "it was unanimously selected as the finalist by the Board of Directors of a large northeastern medical group to provide it with the Company's PhysicianQuotient practice management and electronic medical records software."

The terms call for a minimum payment of $380,000 plus $2,400 per year for two years and $3,000 for the third year for each additional doctor joining the group. Payments by the group for subsequent years are to be negotiated.

Depending upon how many additional doctors are added and what sums are negotiated for years four, five, six and beyond, the contract will potentially result in substantially more revenue than called for by the preliminary negotiations: an initial cash payment of $450,000 and annual cash payments of at least $42,000.

President and CEO Douglas Cohn said, "This contract brings revenue, referrals and consulting expertise, all of which can only enhance the reach and quality of PhysicianQuotient."

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

SOURCE: H-Quotient, Inc.
H-Quotient, Inc.
Ashley Bell and Tabatha Morrow, 703-752-0690



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