SOURCE: New Mexico Software, Inc.

New Mexico Software, Inc.

November 16, 2011 11:30 ET

Net Medical Xpress Announces Third Quarter Results; Company Calls Q4 Encouraging

ALBUQUERQUE, NM--(Marketwire - Nov 16, 2011) - New Mexico Software, Inc., d/b/a Net Medical Xpress (OTCBB: NMXC), a developer of medical IT solutions and services that enable improved and faster communication within the healthcare community, announced today the company's third quarter financial results.

The company reported $719,000 in net sales for the quarter ended September 30, 2011, compared to net sales of $913,000 in 2010 third quarter. The company reported a third quarter net loss of $71,000 compared to a net loss of $165,000 a year earlier.

For the first nine months of 2011, Net Medical Xpress reported net sales of $2,414 million compared to net sales of $2,596 million in the first nine months of 2010. The company reported a net loss of $157,000 compared to a net loss of $34,000 in the comparable nine months of 2010.

CEO Dick Govatski said, "We experienced a small decrease in volume during the third quarter, reflecting to some degree a general slowing of the industry. A fall off in radiological services was partially offset by highly promising gains in our fledgling cardiology services. Despite somewhat disappointing sales in the third quarter, we are encouraged by what we have seen so far in the current quarter. Both our mobile and our diagnostic businesses are growing well and, looking further out, we expect growth in our hospital services business in 2012 and with the addition of services for neurology, stroke, infectious diseases, renal exams, retinal, psychology and dermatology."

About Net Medical Xpress, a trade name of New Mexico Software, Inc.
Net Medical Xpress develops and provides medical IT services and solutions that enable improved and faster communication within the preventative, comprehensive and critical healthcare segments. For more information, visit www.nmxc.net or www.nmxs.com or contact Dick Govatski, president and CEO, at 505-255-1999 or ceo@nmxs.com.

An investment profile on Net Medical Xpress may be found at http://www.hawkassociates.com/profile/nmxc.cfm. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/about/alert.

For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888 or ceo@nmxs.com.

This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's Forms 10-K and 10-Q filed with the SEC.

Contact Information

  • Contact:
    Frank Hawkins
    Hawk Associates
    305-451-1888
    ceo@nmxs.com