SOURCE: SecureCARE Technologies

June 07, 2005 09:00 ET

Nationwide Nursefinders Organization Taps Into SecureCARE(SM) Network

Major National Healthcare Firm to Use Company's Paperless Document Exchange System

AUSTIN, TX -- (MARKET WIRE) -- June 7, 2005 -- SecureCARE Technologies, Inc., (OTC BB: SCUI), a leading Internet-based document exchange and e-signature solution company for the healthcare industry, announced today that Nursefinders, Inc., one of the largest providers of healthcare personnel and home healthcare services in the United States, has signed an agreement to join the SecureCARE network.

Nursefinders, which operates more than 30 locations in 13 states, agreed to join the SecureCARE network for the electronic transmittal of documents to its large physician referral base following a successful pilot in its Houston market. All of its Medicare-certified offices, the majority of locations, have agreed to implement the SecureCARE solution. This represents a greater than 18% increase in the number of billable locations for SecureCARE Technologies. The rest will go online when they become Medicare-certified.

Dennis J. Nasto, senior vice president for SecureCARE Technologies, Inc., said, "This is the most significant endorsement yet of our rapidly expanding paperless document exchange network, which represents a $2.5 billion addressable market for SecureCARE. Nursefinders is a large regional player in our initial target market -- approximately $250 million segment of our addressable market and one in which we believe SecureCARE is clearly setting the demand. We will shortly begin serving the majority of their locations. In addition to providing important new revenue, this agreement will provide SecureCARE with exposure to some 10,000 Nursefinders physicians. As a result, we believe it will give many home health agencies, DME providers and hospices cause to adopt SecureCARE.net as their workflow solution as well."

"In any case, this is a substantial validation of the value that our network brings to the healthcare community," Nasto continued. "A typical paper transaction costs, on average, anywhere from $25 to $50 per document exchange between a provider agency and a physician. These transactions happen multiple times for a single patient during a given month. The SecureCARE solution is a cost-effective solution of high value to both providers and physicians. Use of the system is a fraction of the cost of mailing or hand delivery of documents. The system speeds document turnaround time, which improves cash flow for providers. It also keeps track of all communications, which is important for both HIPAA compliance and Medicare."

Rick Short, national sales director of Nursefinders, said, "A large percentage of doctors in our market have either gone to paperless forms or are in the process of evolving to electronic medical records. SecureCARE is the perfect tie-in. Physicians can use this Internet-based service for their other provider services including DME, home infusion and Hospice. This makes SecureCARE attractive to physicians because they can find their patients' documents in a single, easy-to-use location and capture fees for otherwise unbilled time and services."

About Nursefinders

Nursefinders, Inc., headquartered in Arlington, Texas, provides comprehensive home healthcare services in various states nationwide and healthcare staffing services to more than 4,200 hospitals, nursing homes and clinics across the country. Nursefinders has a system-wide network of approximately 120 offices in the United States providing RN's, LPN/LVNs, home health aides, therapists, nursing assistants, companions and other healthcare and medical clerical professionals for staffing needs. Nursefinders prides itself on hiring only the most highly qualified professionals.

Since 1974, Nursefinders has placed more than 3.5 million nurses in more than 10 million shifts and 32 million home care visits. The total system-wide sales from 1974 to 2003 reached nearly $3.5 billion. For more information about the company, visit www.nursefinders.com.

About SecureCARE Technologies, Inc.

SecureCARE Technologies, Inc. is a leading provider of Internet-based document exchange and e-signature solutions for the healthcare industry. Built with state-of-the art development tools from the Microsoft dotNET development solutions, SecureCARE.net is tailored to the needs of physicians, clinics and home healthcare, hospice and durable medical equipment providers. These end-to-end solutions offer a revolutionary approach to accessing information and managing time-consuming forms and authorizations. SecureCARE's easy-to-use technology eliminates paper, while enhancing the ability of physicians to capture fees for otherwise unbilled time and services, uniquely and directly impacting the physician's revenue. SecureCARE.net is a highly secure, HIPAA-ready tracking and reporting tool that streamlines operations while providing physicians with additional revenue opportunities. Additional information about SecureCARE can be found on http://www.securecaretech.com. Investors may contact Neil Burley at (512) 439-3905.

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated" and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to SecureCARE or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

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