SOURCE: Axolotl Corp.

May 17, 2005 21:03 ET

Axolotl Wins TEPR 2005 Award: EHR Systems for Medical Transcription

Axolotl Selected for Delivering Best Outcomes in Quality, Accountability, and Process Improvement Through Integration of Electronic Health Record Systems and Transcription Services

MOUNTAIN VIEW, CA -- (MARKET WIRE) -- May 17, 2005 -- Axolotl Corporation, a leading provider of health information management products and services, took first place in the EHR Systems for Medical Transcription category at the recent Medical Records Institute 2005 TEPR (Towards an Electronic Patient Record) Conference.

The TEPR judges reviewed over 100 applications in seven categories. Top vendors in each category then presented to an independent panel of judges representing industry experts. Axolotl's robust transcription platform, attention to customer business needs, experience integrating transcription into EHRs, and demonstrable improvements to physician office and HIM processes all contributed to their selection as the award winner. The transparency Axolotl provides into transcription price and quality was also noteworthy.

Raymond Scott, CEO of Axolotl Corp., said, "We are very excited about being selected as the top provider in the EHR Systems for Medical Transcription category. With the award, the Medical Records Institute has acknowledged the important role that transcription has in the EHR. We strive to provide the best medical transcription service in the industry. We thank the TEPR award judges for selecting us as the first place vendor."

About the Medical Records Institute

MRI's mission is to be the global forum for healthcare consumers, providers, and technology vendors on the journey to improve quality of care through advanced information technology solutions. MRI is best known for its educational conferences such as TEPR, EHR Summits, EMR Road Shows, and the Annual Mobile Healthcare Conference. For more information, please visit www.medrecinst.com.

About Axolotl

Axolotl provides advanced Web-based products and services that automate health information management and communication between HIM departments, hospitals, clinics, labs, and physician offices. By connecting the healthcare community, our e2 technology increases efficiency, cuts the cost of information exchange, and improves the quality of care. Thousands of healthcare professionals nationwide are using Axolotl for electronic health record creation, health information access, exchange, and management, and transcription services. For more information, visit www.axolotl.com.

Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and service offering growth, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks, uncertainties, and other factors which could cause actual results to differ materially from those stated in such statements.

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