UPLAND, Calif., Feb. 3, 2005 (PRIMEZONE) -- Healthcare Business Services Groups, Inc. (OTCBB:HBSV) today announced that it has secured a contract with XYZ Surgery Center of XYZ to provide medical billing services. The contract is anticipated to generate $150,000 in revenue for HBSGI in 2005 and as much as an additional $300,000 in revenue through 2007.
National Medical Marketing Services, Inc. is a full service firm that provides business development and brand awareness solutions to companies that service the medical profession. As part of the campaign, National Medical Marketing Services will provide a full spectrum of advertising and marketing initiatives to generate new business for HBSGI.
"With 14 plus years of experience and a proven track record, choosing HBSGI to manage our medical billing was an easy choice," noted a spokesperson from the surgery suite. "We are confident that this decision will yield increased efficiency, cost-savings, and customer satisfaction."
"The incremental revenue derived from this new contract is illustrative of the viability of our business model," noted Chandana Basu, CEO of HBSGI. "With years of experience under our belts, our state-of-the-art technology, and our systematically refined processes, we are able to take-on new business without significant increase in our overhead. We are also excited about building relationships with our clients, which often results in savings for our customers and a stronger base from which to grow our business."
About Healthcare Business Services Groups, Inc.
Healthcare Business Services Groups, Inc. or HBSGI (OTCBB:HBSV) is a provider full-service medical billing services and solutions and operator of surgery centers. The company provides traditional, customized medical billing services and support to physicians, providers, and healthcare facilities across the nation. In addition to its core medical billing services, HBSGI offers a comprehensive, full-service medical billing software product, AutoMed, Inc., that is the only fully automated product on the market. HBSGI also plans to develop and operate surgical centers to provide a full-service, low cost surgical center option to physicians and providers. HBSGI has completed architectural and engineering plans for its first surgical center, has retained a general contractor, and acquired the financing to begin development.
Forward-Looking Statements
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