SOURCE: Connectyx Technologies Holdings, Inc.
STUART, FL--(Marketwire - Nov 30, 2012) - Connectyx Technologies Holdings Group, Inc. (PINKSHEETS: CTYX), www.connectyx.com, a Healthcare BPO that provides unique products for the healthcare market including MedFlash®, the electronic Personal Health Manager (ePHM), Medical Transcription, Disease Management, Revenue Cycle Management, and Medical Consulting -- Billing and GuardianOne in the Personal Emergency Response Systems/Services (PERS) market, announced today the company has become a marketing partner with ProMAC, LLC.
ProMAC is the leading alternative financing source for the healthcare industry in the United States, combining cutting edge technology and premium customer service, to offer innovative new financial solutions as a fast and flexible alternative to bank loans and factoring services.
ProMAC's Medical Electronic Payment Financing (MEPF) product provides opportunity capital primarily to the health care sector as well as business service companies.
Connectyx will be working with ProMAC to offer Medical Electronic Payment Financing through their Healthcare BPO. This financing program is not a loan -- it's an upfront cash payment based on the gross receipts of a physician's practice that can be collected through electronic payments such as credit cards, insurance reimbursements, care credit proceeds and billing company payments.
The amount of money a healthcare organization qualifies for is based primarily on the historical monthly gross revenues and, secondly, the average monthly electronic payment volume including insurance payments.
Connectyx Technologies, through its MedFlash® health and wellness program, has added a new program to meet the needs of families and has introduced a Family Plan which offers a 24 month MedFlash Portal subscription program for $119.95, a 50% discount from the normal rate of $240, for up to six family members.
Connectyx Technologies Management also has been active with additional corporate developments in diversifying the company's business plan to include multiple sources of income versus the previous reliance on one product/service the MedFlash Personal Health and Wellness Program. Connectyx signed a contract with Call Center Team, whom has been instrumental in delivering numerous programs that have already started to generate revenues. Management believes that the target goal of $3M in annual revenues will be achieved by the end of 2013. The company has entered into a number of Business Process Outsourcing contracts that have started which indicate that CTYX is on track to achieve the projected monthly revenues of $65,000 by Q2 of 2013, (www.connectyx.com/hcbpo.aspx). Connectyx Technologies recently acquired USA Medical Monitoring Services, LLC, a profitable company with a Personal Emergency Response System which offers consumers the ability to summon help 24/7 either from an emergency response professional or friend/family member, or both. Connectyx has changed the company name to "Medical Alert US" and the product's brand name to "GuardianOne." Medical Alert US has launched a test direct mail campaign for GuardianOne, with ValPak® that will be part of their December mailing in a target region of Florida.
The Company has entered into a joint venture with iVox Solutions, LLC with agents actively working directly on MedFlash member renewals. In addition, iVox is preparing for a diabetic campaign along with Medical Alert US. Depending upon results, this Joint Venture may expand to over 100 telemarketing agents in 2013.
Connectyx previously announced a Letter of Intent (LOI) to support and transact the membership program for Family Holiday Club, Inc. (FHC). The pilot project is underway and the company has been receiving revenue from this new venture. The initial test results are positive and FHC is updating the program and continues to test a variety of travel programs.
Ronn Schuman, CEO of Connectyx, said, "We are optimistic about the substantial progress we have achieved over the past three months. Not only have we identified other sources of potential revenue through joint ventures and partnerships in the healthcare sector, but we have acquired a company which offers an innovative Personal Emergency Response System which complements our marketing efforts for MedFlash, our Personal Health and Wellness Program."
Schuman added, "We are very encouraged by the initial results from our joint venture with iVox Solutions. The Company is currently training more agents to expand its marketing efforts for a variety of healthcare verticals."
Schuman concluded, "We look forward to announcing additional BPO initiatives over the next few months as we continue in negotiations with potential partners. Connectyx's goal of exceeding $3 million in revenue in 2013, which is predicated on broadening our revenue base to include BPO consulting, adding additional product/services and expanding our overall distribution network, is yielding positive results. Management believes that we are well on our way to fulfilling these requirements."
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About Connectyx Technologies Holdings Group, Inc.
Connectyx Technologies Holdings Group, Inc. is a Healthcare BPO that provides unique products for the healthcare market including MedFlash®, the electronic Personal Health Manager (ePHM), GuardianOne, a Personal Emergency Response Services (PERS) product and Medical Transcription, Disease Management, Revenue Cycle Management and Medical Consulting - Billing. Connectyx's consumer product, MedFlash® PHM, is an easy to use Personal Health and Lifestyle Manager that is accessible using a powerful web portal suite. The MedFlash® PHM provides member benefits including instant access to members' Emergency Medical Profile and Personal Health Record in the event of an accident or a medical emergency. MedFlash also offers lifestyle and wellness features that provide significant health benefits to members and risk mitigation for employers and insurers alike. GuardianOne is a Personal Emergency Response Services product for patients and senior citizens who want to live independently, but are concerned about falling and staying in communication with family members or emergency services, if necessary. For more information, please visit our websites at: www.connectyx.com, www.medicalalertus.com, www.phrtoday.com and www.medflash.com
Safe Harbor Act: This communication 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 communication.