DEERFIELD BEACH, Fla., March 10, 2005 (PRIMEZONE) -- iBX Group, Inc. (OTCBB:IBXG) announced today that its medical document access and storage technology will be re-launched as Universal MedRec. The enhanced product features live, real-time control and portability of consumers' valuable and personal documents. With security as a priority, Universal MedRec includes privacy policies, data encryption, and identity theft protection with a guarantee that information will not be shared or sold to anyone unauthorized.
In contrast to the existing products on the market, Universal MedRec provides for the viewing capabilities and transfer of authentic, verifiable medical documents to the professionals managing a patients' health. iBX has joined President Bush in his call for a universal medical record by creating a service using all commonly available technology to provide a secure and organized environment for potentially life-saving documents. The market for Health Care Information Technology has now increased to over $36 billion a year, according to industry analysts.
"It is the time for healthcare consumers to take control of their medical records. Providers should no longer be in sole possession of patients' vital documents. In addition, doctors should work with their patients to implement this service to increase patient satisfaction dramatically," said Evan Brovenick CEO of iBX Group, Inc.
iBX Group, Inc., based in Deerfield Beach, Florida, develops and deploys administrative, financial and information solutions to hospitals, private practices and ancillary, healthcare organizations.
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the current expectations or beliefs of iBX Group, Inc. management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: adverse weather conditions, historical seasonality, loss of customers, increased competition and other risks detailed from time to time in filings with the Securities and Exchange Commission. Consequently, if such management assumptions prove to be incorrect or such risks or uncertainties materialize, the Company's actual results could differ materially from the results forecast in the forward-looking statements.