UPLAND, Calif., Nov. 16, 2005 (PRIMEZONE) -- Healthcare Business Services Groups, Inc. ("HBSGI") (OTCBB:HBSV) today announced that on Tuesday, November 8, 2005 company CEO Chandana Basu was interviewed by Kurt Schemers on Traders Nation(tm), a popular syndicated investment-oriented radio and television talk show airing "live" five days per week. To listen to a rebroadcast of the interview, visit http://www.otcfn.com/hbsv.
During the Traders Nation interview, Ms. Basu discusses the competitive advantages of HBSGI's medical billing services and automated software product within the billion dollar medical billing industry. By drastically reducing the required manpower to successfully collect unpaid medical bills, HBSGI's automated platform can save medical practices 30 percent or more in costs. Ms. Basu noted the company recently entered into a contract with an association of 200-plus medical practices. Ms. Basu expects expanding profit margins, revenues and cash flow in the coming months.
About Traders Nation(tm)
Traders Nation Television broadcasts through our partner Streetcast Television, which is currently seen four days each week on America One Cable, a 24-hour broadcast network that provides programming to over 30 million households via 127 broadcast affiliate stations located in 40 states. Traders Nation broadcasts are fed on the New York ABC's Starguide Satellite System, which can be received by over 4,000 radio stations across the United States. Our station affiliates capture Traders Nation for either a simulcast or rebroadcast of the show. Traders Nation is heard by tens of thousands of end users via QuoteStream online financial software. Traders Nation is Apple's iTunes only pre-select financial talk show listed. Multiple segments make up the "live" hour-long Traders Nation program where listeners can gather daily to hear the latest small cap news of the day and scheduled guests from industry experts and CEOs. Traders also share investing, trading strategies and potential hot stock plays swirl throughout the call-in portion of the show. For full disclaimer information, visit http://www.tradersnation.com/disclaimer.shtml.
About Healthcare Business Services Groups, Inc.
Healthcare Business Services Groups, Inc. ("HBSGI") 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., which the company believes is the only fully automated product available on the market. HBSGI also plans to develop and operate surgical centers in several geographical markets. For more information visit http://www.hbsgi.com/.
Forward Looking Statement: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains, or may contain, forward-looking statements such as statements regarding the company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction and trends in the industry in which the company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the company's filings with the Securities and Exchange Commission. The company assumes no obligation to update these forwarding-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.