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Tiger Team Technologies Corporation Announces Dividend
Aug 2, 2005 10:30:00 AM
Copyright Business Wire 2005
ST. PAUL, Minn.--(BUSINESS WIRE)--Aug. 2, 2005--

Tiger Team Technologies (Pink Sheets: TTMT) is pleased to announce that it has entered into a non-funding Agreement with The Nutmeg Group LLC (www.tngroupllc.com). Leveraging off of Tiger Teams Auditrac technology, HIPAA-compliant network certifications, Electronic Medical Record (EMR) software and medical practice management services, The Nutmeg Group LLC and Tiger Team have entered into a Distribution/Marketing agreement whereby Tiger Team receives minimum marketing fees of at least $100,000 for the first year, per client company which Nutmeg facilitates for Tiger Team. Tiger Team will then distribute a dividend to its shareholders of record upon revenue recognition beginning with the first transaction and ongoing thereafter with each new client acquisition.

The first of these agreements is with Physicians Healthcare Management Group, Inc. (Phyhealth), which is seeking to incorporate Tiger Team's products and services into Phyhealth's unique community health plan networks. In addition to assisting Phyhealth with its HIPAA privacy and security requirements, Tiger Team will make its EMR and practice management products and services available to Phyhealth for distribution to the hundreds of independent physicians who participate in Phyhealth Plan networks.

Physicians Healthcare Management Group, Inc. with offices in Miami, Florida, is engaged in the business of developing and operating community-based, Medicare-certified HMOs in partnership with physicians and providing for their professional liability requirements. Phyhealth strongly supports Senator Frist's goal to "reestablish and promote the value of the doctor-patient relationship." We share the belief that empowered physicians working with their patients in their local communities must play a critical role in the transformation to the new 21st century healthcare system.

As part of Phyhealth's program, it combines three (3) distinct business endeavors into a single entity, using cross synergies to facilitate an integrated plan that provides pro-active healthcare to Medicare patients, prepaid medical care for non-Medicare patients, and professional liability insurance, effectively at no cost to the participating physician. Phyhealth integrates the "Healthy Weight Management" kit program of Integrative Health Technologies, Inc. (IHT) into its health and wellness protocols, designed and supervised by its physician partners. Phyhealth Medicare Advantage Plans receive approximately $700.00 per month from Medicare for each enrolled Medicare patient.

Phyhealth Plans provide the foundation for physicians to own and manage a fully integrated healthcare delivery and financing organization. Its unique health plan model strongly emphasizes an informed and involved local community of providers and consumers. The Phyhealth Plan structure is engineered to improve healthcare quality, lower cost, increase access, maintain affordability and solve system problems, such as medical liability and the implementation of information technology.

The US$100,000 minimum in upfront fees, required by the Distribution/Marketing agreement, is due within 30 days. In addition to the above, Tiger Team anticipates receiving additional fees as these companies sign contracts for their use of their Auditrac technology. The Nutmeg Group has informed us that it anticipates many other subscribers to this type of fee-based marketing facilitation arrangement, inuring to the benefit of both Tiger Team and the client company.

Tiger Team Technologies (T3), www.tigerteamtech.com is a leading developer of a unique process for transforming business operations of medical service providers and companies transacting business over the Internet through state-of-the-art communication hardware and software technologies. T3 has developed auditrac in accordance with federal mandated HIPPA compliance requirements. This translates to total patient privacy and security which is key to reducing the liability and medical premiums placed on providers. Based in St. Paul, MN, the Company seeks to pursue an aggressive growth strategy targeted at corporate and individual medical practices and other entities transacting business across the Internet by leveraging this exclusive transmission process across market segments providing state of the art best practices solutions for Internet and intranet transmissions.

NOTE: Safe Harbor for Forward-Looking Statements.

This material is not an offer to sell or a solicitation of an offer to buy any securities mentioned. Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous potential risks and uncertainties including, but not limited to, the need to manage our growth and integrate new businesses, our ability to develop strategic relationships, our ability to compete with other media, data and Internet companies, technology risks, the volatility of our stock price, and other risks and factors described herein. Such forward-looking statements speak only as of the date on which they are made, and Tiger Team Technologies does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this presentation.

Source: Tiger Team Technologies Corporation



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Tiger Team Technologies Corporation
Alex Livak
347-813-4664
[e-mail]
http://www.tigerteamtech.com