Medify Solutions Limited 'Pink Sheets-MFYS'-First Mobile Device Units Delivered

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Algemeen advies 16/08/2006 16:41
STAFFORD, ENGLAND -- (MARKET WIRE) -- August 16, 2006 -- Medify Solutions Limited (PINKSHEETS: MFYS) confirmed today that MedifyRemote mobile devices for NHS customers have been delivered to the first GP Surgery in Doncaster. This is the beginning of the delivery of MedifyRemote to the NHS.

So far, 20 units have been ordered and delivered for the first GP site out of the scheduled 2500.

What does this mean?

This first GP surgery is not only the first NHS surgery but also the first EMIS surgery and marks the beginning of the roll out. In simple terms the first allocation will mean in published revenue projections:

20 x $85 x 12 equals $20,400 (for ONE site, 20 MedifyRemote units at $85 per unit per month for 12 months).

There are approximately 500,000 healthcare professionals in the NHS.

Therefore in real terms the announcement means the start of 500 000 x $85 x 12 annual projected revenue in delivery equals $510m annually. However, assuming only a 10% uptake in year one this equates to $51m annually.

MedifyRemote is the ideal solution for healthcare professionals to help them provide better, more efficient, and more informed quality care to patients. Whether it's in a patient's home, at a hospital bedside, consulting room or ambulance, vital access to patient records is now instant, secure and highly efficient. The system allows for 'real time' access and hence updates and records can be produced automatically. MedifyRemote offers significant advantages in terms of efficiency and clinical governance as proven within the UK NHS and is non platform specific.

Contact: press@medifysolutions.com

Company website: www.medifysolutions.com
ENDS



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