SOURCE: Level 3 Securities

March 02, 2005 07:01 ET

Level 3 Securities Announces ProMana Moves Into Lucrative Healthcare Marketplace

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Level 3 Securities.

BOCA RATON, FL -- (MARKET WIRE) -- March 2, 2005 -- Level 3 Securities Market Performers this morning are: ProMana Solutions, Inc. (OTC: PSLU), Biogen Idec Inc. (NASDAQ: BIIB), Yahoo! Inc (NASDAQ: YHOO) and Symantec Inc (NASDAQ: SYMC).

ProMana Solutions, Inc. (OTC: PSLU), a provider of end-to-end Intranet-based software solutions for business workflow and human resource management, has signed G.C. Management, Inc. as a reseller of the ProMana Solution. G.C. Management is a developer of residential care facilities and low to middle income senior housing facilities, and offers a broad range of services that include: risk management, litigation and due diligence support, financial consulting, maintenance reports, and a variety of other customized services. Under the terms of the agreement, G.C. Management will sell ProMana's full suite of software solutions as part of a portfolio of products and services that the company offers to clients across the United States. G.C. management will begin marketing the ProMana Solution to its current clients immediately. G.C. Management was founded in 1987 for the development and construction of residential care facilities and low to middle income senior housing facilities. They expanded services in 1991 to include construction management for skilled care and assisted living facilities.

This agreement is great news for investors! It will help ProMana expand into the lucrative healthcare marketplace by offering healthcare facilities a full, web-based, solution to their human resources (HR) needs. It also helps solidify PSLU's role as a leader in HR outsourcing solutions for the healthcare industry. The worldwide market for HR outsourcing services is expected to grow 21 percent annually -- possibly reaching $7 billion in 2008, according to consulting firm NelsonHall. During this time, many healthcare providers will think seriously about outsourcing HR as a means of reducing administrative overhead and maintain current profit margins -- as healthcare costs certainly won't go down. This means a steady and expanding revenue stream for the next three years, at the least. PSLU is a stock to get now at a great price point and hang on to for the uphill journey!

ProMana was founded in 1995, in order to revolutionize the Payroll/HRMIS (human resources management information systems) outsourcing business. Their vision is to revitalize, rejuvenate, and transform the PEO (professional employer organization) and HR (human resources) outsourcing industry to allow it to meet its full potential by creating a system that drives down the costs associated with owning and operating these types of businesses. PSLU is breaking through the barriers of un-profitability and creating a solution that allows vendors to have a definable, "under writable" risk, while eliminating the potential for adverse selection. And investors take note: ProMana is dedicated to make a profit and increase the shareholder value of ProMana Technologies and their investors. This is an exciting company in the thick of things!

ProMana Solutions is a unique organization that has developed a web native, end-to-end solution for managing the entire spectrum of payroll, benefits, human resource management and business processing outsourcing. Then, PSLU takes their applications and develops a system whereby they allow Insurance Agents and Brokers, CPA Firms, Community Banks, Business-to-Business Consultants, and Public and Private Companies, to Private Label ProMana's entire front-end while the client manages all back-end functions. The company's open architecture utilizes only Web server applications that integrate easily into existing client operating platforms. PSLU earns revenues from licensing fees paid by branded partners and recurring monthly usage fees from end users. The PSLU solution provides a strong value proposition of cost savings for end users and adjunct revenue opportunities for its branded partners. For more information, visit: www.promanasolutions.com.

Neither the information nor any opinion expressed herein constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives, related to such securities. Level 3 Securities Inc was compensated Thirty-eight hundred dollars for this opinion by a third party. Level 3 Securities Inc. and its affiliates may trade for their own accounts in any securities of the issue (or issues) or in related investments. Level 3 Securities Inc. does not accept liability for any loss resulting from an investor's use of, or reliance, on this report. Level 3 Securities Inc. has obtained information from sources that are considered reliable but it is not guaranteed that this report is accurate or complete. Considerable reliance has been placed on information the company has released to the public domain or provided. However, no representation or warranty is made as to the accuracy, reliability, or timeliness of the content. This report contains forward-looking statements, which involve risks and uncertainties, which could cause actual results to differ from those implied by these statements. It is intended that all forward-looking statements be covered by the "safe harbor" provisions of section 21E of the Securities Exchange Act of 1934. Past performance is not necessarily a guide to future results. The opinions expressed are as of this date and Level 3 Securities, Inc. assumes no obligation to update, modify, or amend this report.

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