BOCA RATON, Fla., Aug. 28, 2006 (PRIMEZONE) -- Gambino Apparel Group, Inc. (Pink Sheets:GBNG) announced today that it had received shareholder approval to change its name to Patient Portal Technologies, Inc. effective at the close of business on August 31, 2006. As part of the reorganization of its business operations following the rescission of its acquisition of the Gambino Apparel Group, Inc. subsidiary, the Company also announced that it had reached an agreement to acquire Patient Portal Connect, Inc. of Palm Beach Gardens, FL, and that it would implement a one-for-ten reverse-split of its Common Stock effective at the opening of trading on September 1, 2006. A new stock trading symbol will be announced.
Patient Portal Connect is a healthcare software and technology company which specializes in providing revenue enhancement and cost-improvement services for the healthcare industry utilizing a state of the art proprietary software platform that optimizes patient flow, reduces administrative costs and maximizes insurance reimbursement. This platform was developed by working in concert with their healthcare partners to assure that the technology and services met their partners' operational requirements as well as regulatory compliance needs and mandated initiatives.
The company has successfully developed and marketed process improvement solutions that are already proven and well-positioned with several major hospital groups. Market demand for the company's products and services is demonstrated by the fact that the company has in place seven ongoing contracts with prestigious medical institutions such as the Hospital of the University of Pennsylvania and Crouse Hospital in Syracuse, NY.
Additional information about Patient Portal Connect, Inc. can be obtained at their website www.patientportal.com.