SOURCE: Cytta Corp.

November 15, 2010 11:22 ET

Cytta to Become Medical Mobile Virtual Network Operator in the USA

SAN FRANCISCO, CA--(Marketwire - November 15, 2010) - Cytta Corp. (OTCBB: CYCA) is pleased to announce that the Company has successfully acquired the licenses necessary to become a Health based Mobile Virtual Network Operator (MVNO) in the USA. The Company has been diligently working to acquire the specialized and leading edge technologies necessary to allow us to implement the patient-centered medical home ecosystem (PCMHE) and feels the ability to operate our own mobile medical network will be the cornerstone of our PCMHE.

Mr. Stephen Spalding stated, "This exciting acquisition represents the crown jewel of our strategy of offering our clients the 'best of breed' products from senior technologies sourced on a worldwide basis. Our change in philosophy and this key acquisition is allowing the Company access to other important technological elements and advanced technologies to fully express our new Ecosystem model and is more in line with our new PCMHE model of integration. Owning the means of data transport is foundation of our remote medical monitoring ecosystem."

As a result of our experience in the sector we had identified the ability to transmit medical information seamlessly at a reasonable cost as one of the major technical /financial obstacles to the growth of remote medical monitoring systems. Fortunately, as a result of this acquisition, Cytta will not only be able to provide our clients and customers consisting of payors and providers, such as: Health Plans, Managed Care Organizations, Health Delivery Organizations, Medical Groups and IPAs, with very reasonable data/voice transmission rates through a world class network. We will also be able to offer our services to any remote monitoring entity wishing to utilize a US mobile Network to reduce their costs of transmitting information from any Bluetooth remote monitoring device through a smartphone to their storage servers. 

Access to this network will enable numerous other services and opportunities to be offered to each of our Clients huge numbers of end users through the Health smartphones being designed for our network. The ability of major Health Plans, Managed Care Organizations, Health Delivery Organizations, Medical Groups and IPA to communicate with their patients in a timely manner and at a reasonable cost, will create numerous opportunities to improve the quality of care and reduce healthcare costs.

In exchange for the five year right to operate a Health based MVNO in the US the Company will be providing a 20% equity position to the entity that owns and operates the Mobile Network Operator (MNO) from which it derives. Concurrently with the acquisition and share issuance Mr. Michael Scott and Mr. William Becker will be joining the Board of Directors and will be providing their considerable Mobile Network Operator (MNO) and vast cellular telecommunications experience to the Company.

Contact Information

  • Contact:
    Cytta Corp.
    Karl J. Harz
    Vice President, Director
    Phone 213 841 0094
    Unified Communication Services
    Attn: Mr. Gary Kent
    760 542 1263