WiFiMed Holdings Co. Completes Acquisition of JMJ Technologies, Inc.
August 17, 2007 (PRLEAP.COM) Health NewsATLANTA, Georgia - August 17, 2007 — WiFiMed Holdings Co (WIFM.OB) today announced the completion of its acquisition of JMJ Technologies, Inc. The transaction was finalized on Friday, Aug. 10, 2007, by a vote of the JMJ shareholders. As a result of the acquisition, WiFiMed Holdings Co will acquire 100 percent of the stock, assets and operations of JMJ Technologies, Inc. Terms of the transaction were undisclosed.
The combination of WiFiMed and JMJ creates the opportunity for uniquely innovative technology solutions for the healthcare industry as it pertains to how physicians, healthcare personnel, and patients engage with digital information, especially as it relates to workflow management, across multiple operating systems, devices and media.
About WiFiMed, Inc.
WiFiMed, Inc., a Delaware corporation, is a provider of wireless patient information through its proprietary product, Tablet MD®, that was developed to assist physicians and health care providers manage patient workflow. Tablet MD® operates on a tablet PC and manages patient medical information, consultation notes, prescriptions, records, and charts through five proprietary technologies. Tablet MD® has been designed to meet the Health Insurance Portability and Accountability Act (HIPAA) requirements and is designed to reduce medical errors, documentation time, overhead, and time spent filing insurance claims. Tablet MD® offers insurance coding and manages prescriptions and performs drug interaction reviews based on a patient's unique history. WiFiMed commenced operations in October 2002. WiFiMed's executive offices are located in Marietta, Georgia.
About JMJ Technologies, Inc.
JMJ Technologies, Inc., founded in 1994, developed EncounterPRO® EHR, the configurable workflow management solution, has won 14 national awards for excellence in healthcare software, including first place awards from TEPR (Toward an Electronic Patient Record, sponsored by the Medical Records Institute) and MS- HUG (Microsoft® Healthcare Users Group). Physician practices using the EncounterPRO® EHR have won the prestigious Nicholas E. Davies Award of Excellence sponsored by HIMSS® (the Healthcare Information and Management Systems Society) for three consecutive years 2003-2005.
"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.