UPLAND, Calif., Feb. 17, 2005 (PRIMEZONE) -- Healthcare Business Services Group, Inc. (OTCBB:HBSV), a provider of full-service medical billing services and practice management solutions and operator of surgery centers, announced today that it has appointed Bhati Shah, M.D. to the company's board of directors. Dr. Shah and her practice have been clients of the Company for five years and will be one of the in-house physicians to perform services at a new surgery center.
Dr. Shah is an anesthesiologist and pain management specialist. Since 1980, Dr. Shah has been president and owner of Comprehensive Pain Medical Clinic. Dr. Shah is also a member of the American College of Advancement in Medicine. Dr. Shah and her practice have been clients of Healthcare Business Services Group since 2000.
Chandana Basu, CEO of Healthcare Business Services Group, stated, "Dr. Shah's reach to others in the medical community is very strong and will provide Healthcare Business Services Group with several new opportunities for medical billing and surgery center contracts. Dr. Shah will act as an ambassador for the Company in the medical community as she markets to her extensive network of professional contacts at conferences and association meetings. Her reputation throughout the country is exceptional and brings immediate credibility to the company and our shareholders."
Dr. Shah stated, "Working with Healthcare Business Services Group for the past five years has proven to be a very efficient and cost-saving experience for our practice. It is a pleasure to join an organization that has achieved an optimal level of performance in servicing its clients and producing measurable results. Additionally, the Company's vision of developing and operating surgery centers will be an excellent complement to the billing aspect of the company. I welcome the invitation and challenge to serve the Company in a capacity equipped with the knowledge and experience to help make Healthcare Business Services Group a success for the shareholders."
About Healthcare Business Services Group, Inc.
Healthcare Business Services Group, Inc.(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, the Company offers a comprehensive, full-service medical billing software product, AutoMed, Inc., that is the only fully automated product on the market. Healthcare Business Services Group also plans to develop and operate surgical centers in the primary geographic markets it provides medical billing services to provide a full-service, low cost surgical center option to physicians and providers. The Company has completed architectural and engineering plans for its first surgical center, has retained a general contractor, and acquired the financing to begin development. For more information visit http://www.thenewhbsgi.com.
"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 forward-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.