LOS ANGELES, Aug. 20, 2003 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT) today announced that the press release issued on August 19, 2003, reporting the Company's results for the quarter and six-month periods ended June 30, 2003 contained a factual error.
The release stated that "net revenues were $1,527,645, an increase of 68% or $1,036,124, for the six month period ended June 30, 2003, as compared to revenues of $491,521 for the six months ended June 30, 2002."
Revenues actually increased 211% between the six-month period ended June 30, 2003 and June 30, 2002.
About PracticeXpert, Inc.
PracticeXpert, Inc., a healthcare technology and services company, is in the business of developing and deploying systems, technologies and services designed to improve operational efficiencies, reduce billing errors and enhance cash flow for medical practitioners. Its services revolve around its flagship patent-pending hand-held patient encounter system, PXpert(tm), and include medical billing, collections, transcription, clinical trial accruals, contracting and practice management. For additional information, visit www.pxservices.com.
Note: Any statements released by PracticeXpert, Inc. that are forward- looking, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may affect the Company's business prospects and performances. These include economic, competitive, governmental, technological and other factors discussed in the statements and in the Company's filings with the Securities and Exchange Commission.