Contact Information: Contact: digiMedical Solutions, Inc. Investor Relations ir@digimedical.com 214-722-3029
digiMedical Solutions, Inc. Signs Letter of Intent With Guardian Health Systems in Support of $10 Million 2008 Revenue Goal
digiMedical to Resell Proprietary Microsoft-Based Technologies to Gaurdian's Four Pharmacies in Texas and Oklahoma and Explore Prescription Compounding Markets
| Source: digiMedical Solutions, Inc.
DALLAS, TX--(Marketwire - May 15, 2008) - digiMedical Solutions, Inc. (PINKSHEETS : DGMS )
today announced the Company has signed a non-binding letter of intent (LOI)
with Guardian Health Systems. The terms of the LOI include digiMedical
reselling its proprietary Microsoft-based digiRX and digiReauth services in
Guardian's existing markets and driving prescription traffic to Guardian's
local, company-owned pharmacies. In return, digiMedical will receive a
portion of sales from prescriptions that are fulfilled in Guardian
pharmacies located throughout Oklahoma and Texas. Additionally, digiMedical
will market Guardian's services to its existing network of physicians in
the Dallas, Texas, Naples, Florida and Ft. Myers, Florida markets. The
Companies also plan to partner as digiMedical explores the prescription
compounding market with an emphasis on the growing veterinary sector.
Prescription compounding services, which Guardian currently offers, provide
more options to physicians for custom prescriptions that are not
commercially available.
Guardian President and Founder, Jack Munn, stated, "Our partnership with
digiMedical has the potential to be extremely beneficial for both
companies. After twenty-one years in business we have developed a deep
network of retail pharmacies and partners, in addition to our own
Company-owned pharmacies that will benefit from digiMedical's proprietary
prescription software. We also look forward to working with digiMedical to
market our services as both companies focus on expanding their regional
sales. Guardian is excited about the possibility of partnering with
digiMedical to deliver digital prescription technologies to our
well-established network of veterinarians throughout Texas and Oklahoma, a
service that is not currently available in the industry but definitely
needed."
digiMedical Prescription Handling Software and Pharmacies
digiMedical Solutions, a Microsoft Partner, with operations in Texas and
Florida, 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 and the Company owns and operates five pharmacies throughout
Texas and Florida.
Company Fact Sheet and Updates
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interested investors or to receive a Fact Sheet on the company, please send
an e-mail to ir@digimedical.com.
About Guardian Health Systems
Guardian Health Systems is a 21year old, Texas-based health services
company. The Company's main line of business is intravenous therapy,
manufacturing sterile products used for intravenous pain management and
antibiotics used to treat a range of infections, including MRSA. The
Company compounds medications for both humans and animals delivering both
custom and commercially available products. Guardian has its own
Company-owned pharmacies in addition to a strong network of partner
pharmacies throughout Texas and Oklahoma. The Company's mail order center
services direct clients as well as delivering prescription fulfillment
services for third parties, including insurance companies.
About digiMedical Solutions, Inc. ™
digiMedical Solutions, Inc.™ (www.digimedical.com) is a pharmacy and
medical technology company focused on developing next generation digital
medical technology with an emphasis on digital prescriptions
(d-Prescriptions) that will more closely align the doctor, pharmacist and
patient. The company's planned growth will come from three channels: direct
marketing of the company's wireless base d-prescription technology to
doctors, acquisition of independent pharmacy chains and the sale of certain
territories to "market partners" licensed to exploit the digiMedical
Solutions™ model. digiMedical Solutions, Inc.™ currently owns and
operates five (5) pharmacies located in Texas and Florida. digiMedical
Solutions'™ unique business model brings doctor, patients and pharmacies
into 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.