Contact Information: Contact: digiMedical Solutions, Inc. Investor Relations ir@digimedical.com
digiMedical Solutions, Inc. Appoints Philip M. Verges, CEO of NewMarket Technology, Inc., to Board of Directors in Strategic Partnership Expected to Double digiMedical Annual Revenue to $10 Million
| Source: digiMedical Solutions, Inc.
COLLEYVILLE, TX--(Marketwire - February 5, 2008) - digiMedical Solutions, Inc. (PINKSHEETS : DGMS ) today announced the Company has appointed Philip M. Verges, CEO of
NewMarket Technology, Inc. (OTCBB : NMKT ), to its board of directors. The
move is part of a strategic partnership to build a comprehensive healthcare
technology offering. The partnership will immediately enable digiMedical
to increase its monthly sales and potentially double the Company's annual
revenue to $10 Million.
David Lee, Chief Executive Officer of digiMedical, stated, "The Company is
beginning to expand the board to meet certain SEC requirements. Philip will
assist our Company in meeting these requirements and is an incredible
business manager, entrepreneur and friend. He will be a great addition to
the board as we make our move from the Pink Sheets to the Over the Counter
board and beyond. I am delighted that Philip accepted the role on our board
and look forward to the resources he brings."
digiMedical Solutions, a Microsoft Partner based in the Dallas - Ft. Worth
metroplex, has built its own suite of proprietary software to handle
prescriptions digitally from the physician's office to the pharmacy,
securely and in compliance with all DEA and HIPAA requirements. The suite
of software includes digiRX, digiRxStream, digiReauth, digiRxComp, and now
digiAccounting. Additionally, the company owns and operates five pharmacies
throughout Texas and Florida.
To be added to digiMedical's corporate e-mail list for shareholders and
interested investors, please send an e-mail to ir@digimedical.com.
About NewMarket Technology, Inc. (www.newmarkettechnology.com)
NewMarket helps clients maintain the delicate balance between maintaining
legacy systems and gaining a competitive edge from the latest technology
innovations. NewMarket provides certified integration and maintenance
services to support the prevailing industry standard solutions such as
Microsoft, Cisco Systems, SAP, Siebel and Sun Microsystems. Concurrently,
NewMarket continuously seeks to acquire emerging technology assets to
incorporate into an overall product portfolio carefully packaged to
complement the prevailing industry standard solutions.
NewMarket delivers its portfolio of products and services through its
network of Solution Integration subsidiaries in North America and the
leading emerging markets around the world to include, Latin America, China
and Singapore.
NewMarket ranked Number One in Texas, Number Three in the United States and
Number Five in North America on Deloitte's 2006 Technology Fast 500, a
ranking of the 500 fastest growing technology, media, telecommunications
and life sciences companies in North America. Rankings are based on
percentage revenue growth over five years, from 2001-2005. The Company grew
from less than $1 million in revenue in 2001 to over $50 million in
profitable revenue in 2005. In 2006, the company continued its rapid
growth, reporting $77.6 million in revenue with a net income of $5.8
million.
About digiMedical Solutions, Inc.™ (www.digiMedical.com)
digiMedical Solutions, Inc.™ is a pharmacy and medical technology
company focused on developing next generation, digital medical technology
with an emphasis on digital prescriptions (d-Prescriptions) that closely
align the doctor, pharmacist and patient. The company's planned growth will
come from three channels: direct marketing of the company's wireless based
d-prescription technology to physicians, acquisition of independent
pharmacy chains and the sale of select territories to "market partners"
licensed to exploit the digiMedical Solutions™ model. digiMedical
Solutions, Inc.™ currently owns and operates six pharmacies throughout
Texas and Florida and is a Microsoft Independent Software Vendor (ISV).
digiMedical Solutions™ unique business model connects physicians,
patients and pharmacies with next generation medical technologies.
Forward-Looking Statement
Statements included in this press release which are not historical in
nature, are intended to be, and are hereby identified as "Forward-Looking
Statements" for purposes of safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-Looking Statements may
be identified by words including "anticipate," "await," "envision,"
"foresee," "aim at," "believe," "intends," "estimates" including without
limitation, those relating to the company's future business prospects, are
subject to certain risks and uncertainties that could cause actual results
to differ materially from those indicated in the Forward-Looking
Statements. Readers are directed to the company's filings with the U.S.
Securities and Exchange Commission for additional information and a
presentation of the risks and uncertainties that may affect the company's
business and results of operations.