MedcomSoft Inc.

MedcomSoft Inc.

November 20, 2008 18:28 ET

MedcomSoft Sells Medworks 4.0 Customer Portfolio to HTN

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2008) - MedcomSoft Inc. (TSX:MSF)(MedcomSoft) and HTN Inc. (TSX VENTURE:HET)(HTN) announced today that HTN has acquired MedcomSoft's portfolio of Canadian-based customers using its Medworks 4.0 account billing software for approximately $85,000. In addition, HTN has agreed to provide ongoing maintenance and support to these customers.

MedcomSoft continues to explore alternative proposals for its core U.S. Electronic Medical Record and Practice Management technology - MedcomSoft Record™.

About MedcomSoft

Founded in 1994, MedcomSoft Inc. develops cutting-edge software solutions for the healthcare industry. MedcomSoft has pioneered the use of numerically codified point-of-care clinical terminologies to create a new generation of highly interoperable EMRs, which significantly enhance disease surveillance and accelerate clinical research. MedcomSoft's award-winning software applications include Electronic Medical Records, physician order entry systems with e-prescribing, document management, practice management and clinical data search, data mining, and disease surveillance systems. MedcomSoft is the recipient of the "Best of KLAS" award in 2007 year-end report in the Ambulatory EMR 1-5 Physicians category. In addition, a MedcomSoft practice was recently awarded the prestigious 2007 HIMSS Davies Award.

This news release contains forward-looking statements regarding MedcomSoft's expectations and beliefs with respect to future events and/or financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual events or results to differ materially from those expressed or implied in such forward looking statements. Such factors and risks include, but are not limited to: market conditions; competition, including price and product functionality; economic environment; and the ability to develop and deliver new products in a timely manner. The reader is referred to the documents that the Company files from time to time with applicable Canadian securities and regulatory authorities for a discussion on certain risks and uncertainties that could cause actual results to differ from those projected, anticipated, or implied. MedcomSoft does not undertake to update forward-looking statements.

Contact Information

  • Investor Contact:
    Genoa Management for MedcomSoft Inc.
    John Sadler
    (416) 594-9292 ext.54