LOS ANGELES, Nov. 13, 2003 (PRIMEZONE) -- PracticeXpert, Inc. (OTCBB:PXPT), today announced that it has entered into an agreement to engage the services of NevWest Securities Corporation.
NevWest Securities Corporation ("NevWest") owns and operates the only NASD-Member securities brokerage, trading, and investment-banking firm headquartered in Southern Nevada. NevWest is a full service, introducing broker-dealer and investment banker servicing the individual, institutional, and corporate client and investor. NevWest is registered as a broker-dealer and market maker with the Securities and Exchange Commission ("SEC"), State of Nevada Securities Division, approximately eleven (11) other states, and the National Association of Securities Dealers, Inc. ("NASD"). NevWest is also a member of the Securities Investor Protection Corporation ("SIPC"). For additional information visit www.nevwestsecurities.com.
Jonathan Doctor, chief executive officer of PracticeXpert, Inc. stated, "As we move forward with our strategy to acquire billing companies it is important to us that we have a financial partner that can assist us in addressing the capital needs of an organization that while still small, has an aggressive growth perspective. We believe that NevWest is just such a company and we are very pleased that they have chosen to assist us in executing on our plans. We are currently working on numerous acquisition opportunities, and while we anticipate we will be closing on a couple of these acquisitions in the near term, we will definitely need a partner capable of assisting us in raising capital to acquire all of the acquisitions we currently have in our pipeline."
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. To find out more about PracticeXpert, Inc. (OTCBB:PXPT), visit our website at www.practicexpert.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.