SOURCE: Connectyx Technologies Holdings Group

Connectyx Technologies Holdings Group

April 23, 2009 08:00 ET

Connectyx Board of Directors Authorizes Stock Purchase for Officers and Directors of the Company

PALM CITY, FL--(Marketwire - April 23, 2009) - Connectyx Technologies Holdings Group, Inc. (PINKSHEETS: CTYX) is pleased to announce that the Company's Board of Directors has authorized its officers and directors to purchase up to 5,000,000 shares of common stock. The purchase would occur through the open market, as permitted by securities laws and other legal requirements.

The Company decided to authorize the purchase as Connectyx continues to market and sell its MedFlash Personal Health Record product through various channels. The MedFlash is currently available at select pharmacies across the country, as well as through www.med-flash.com. Connectyx also recently partnered with LifeLock where purchasers of MedFlash devices receive a discount on Lifelock's identity protection program.

"The Board of Directors has agreed that our shares are undervalued and should be trading at higher levels. Connectyx is well positioned for continued growth as we continue to work toward our goal of increasing the number of users of MedFlash and educating the market on the importance of digitalizing their personal health records. This purchase program will decrease the Company's float and should increase shareholder value," stated Ronn Schuman, President and CEO of Connectyx Technologies Holdings Group, Inc.

About Connectyx Technologies Holdings Group Inc.

Connectyx Technologies provides products in the healthcare market, which includes its Personal Health Record, MedFlash. The MedFlash product is an easy to use Personal Health and Lifestyle Record & Portal that is USB flash drive enabled. MedFlash contains an emergency flash drive with a Web portal and 24/7 emergency call center access, which contains the owner's complete medical and key related information. Stored information on the MedFlash can be accessed on any computer, securely with complete privacy for the members. For more information, please visit www.connectyx.com and www.med-flash.com

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Public Relations:
    Big Apple Consulting USA
    1 407-389-5900

    Investor Relations:
    Consulting for Strategic Growth
    Stanley Wunderlich
    CEO
    Phone: 1-800-625-2236
    Fax: 646-205-7771
    Email: Email Contact
    www.cfsg1.com