ALBUQUERQUE, N.M., March 27, 2009 (GLOBE NEWSWIRE) -- AccessKey IP, Inc. (Pink Sheets:AKYI), the developer, designer and producer of advanced entertainment and communication devices, announced today that as a result of its recent transaction with Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets:PHYH), a developer of HMOs in partnership with physicians, new opportunities for its TeknoVault product will open in the healthcare industry.
Under the terms of the transaction, Phyhealth has provided funding for inventory and the launch of the TeknoVault(tm), a patented encryption device for personal computers. TeknoVault(tm) enables the encryption of data on a personal computer's hard drive and provides anti-theft protection for the PC itself. With a standard USB connection, a PC user can employ the TeknoVault device to completely disable the PC preventing the disclosure of selected data on the computer. In addition, two or more TeknoVault users can exchange fully encrypted secure emails.
Mr. Robert Trinka, Chairman and CEO of Phyhealth, stated, "Today's healthcare industry is all about improving quality of care and reducing healthcare cost. We feel that the TeknoVault(tm) addresses both of those agendas. A healthcare system that is electronically interconnected and that protects patient data will increase efficiency; reduce liability from potential security breaches and save money. TeknoVault(tm) is a key component of such a system and that is why we have decided to financially support the launch of this product."
Mr. Bruce Palmer, President of AccessKey IP, stated, "The relationship we have developed with Phyhealth will be very instrumental in introducing the TeknoVault to the healthcare industry. Many initiatives are in place at the federal government to implement electronic medical records in a secure and cost-effective manner. The TeknoVault(tm), which is HIPAA compliant, has the ability to compliment these initiatives and we are very pleased that Phyhealth has the vision to see and support those opportunities."
About AccessKey IP, Inc.
AccessKey IP, Inc. is a developer of cutting-edge technologies and best-of-breed products tailored to address the market opportunities created by the explosive growth of digital communications, entertainment-related services and specific consumer electronics platforms. AccessKey IP's AccessKey(tm) products, powered by the Company's patented technology, provide complete access to the coveted "Triple Play" Set Top Box (voice, video and data) and "Quadruple Play" Set Top Box (voice, video, data and wireless) offerings of cable, telecom, satellite and broadband service providers. The Company's AccessKey Home(tm) and portable flash drive-sized AccessKey PC(tm) allow subscribers to "channel surf" streaming "HD Quality" television content (IPtv), navigate the internet, watch Video on Demand (VOD) offerings, play video or internet-based games, listen to music, make phone calls (VoIP), video conference, run a full array of computing applications, securely store data and more, all from a single device and service provider network. Its wholly owned subsidiary TeknoCreations was founded to participate in the explosive growth of Consumer Electronics and Business security needs. TeknoCreations designs high quality products with attractive pricing to enhance the consumer's favorite electronics products and the expanding security needs of corporate America.
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About Physicians Healthcare Management Group, Inc.
Physicians Healthcare Management Group, Inc. (Phyhealth) is a developer of community-based health maintenance organizations (HMOs) that are owned and operated in partnership with the participating physicians. Phyhealth Plans are designed to deliver high-quality affordable healthcare by enabling physicians to assume end-to-end management of healthcare for their patients. The Phyhealth model empowers physicians to provide preventive healthcare and proactively manage their patient's general health by aligning incentives amongst the HMO, physician and the patient. Phyhealth intends to offer additional value-added products and services in cooperation with physicians, including medical malpractice insurance, local care facilities and wellness programs, as well as information technologies such as secure electronic medical records.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of AccessKeyIP, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Please visit the Company's websites www.accesskeyip.com, www.teknocreations.com