SOURCE: Healthmed Services

Healthmed Services

October 05, 2010 15:53 ET

Health Information Technology Spending Expanding Rapidly

SUNNYVALE, CA--(Marketwire - October 5, 2010) -  Healthmed Services, Ltd. (OTCQB: HEME) (PINKSHEETS: HEME) is focusing on creating a sales and marketing force to support its revolutionary products and the demand for healthcare technology.

According to Compass Intelligence, the U.S. market for health information technology will expand to $85 billion in 2014 from an estimated $73.1 billion this year, representing a 4.5 percent compound annual growth rate. Analysts also reveal nearly $2.5 trillion in healthcare spent in 2009 was $134 billion more than the previous year, when healthcare consumed 16.2 percent of the gross domestic product.

Please read more about the Company and its product developments on its website: www.healthmedltd.com.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed with the Securities and Exchange Commission.

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