SOURCE: Net Medical Xpress Solutions, Inc.

November 18, 2013 08:15 ET

Net Medical Xpress New Staffing Division Reports Strong Growth Prospects

Newly Acquired Unit Showing Strong Profitability and Rapidly Expanding Telemedicine Network

ALBUQUERQUE, NM--(Marketwired - Nov 18, 2013) - Net Medical Xpress Solutions, Inc., (OTCQB: NMXS), an emerging leader in the rapidly growing telemedicine industry, said today that initial results from its newly acquired staffing company, MedTel Solutions, have exceeded management expectations and the company is looking for solid growth going forward.

CEO Dick Govatski said, "Yesterday we reported a strong quarter of profitable growth for our company. Part of that story is the benefit we have already received from our new staffing division in Huntsville, AL that we acquired at the end of the second quarter. The addition of the unit is proving to be accretive, adding revenue in the quarter of $101,000 and operating income of $25,000. This is a valuable addition to our overall telemedicine one-stop solution strategy."

Net Medical Staffing CEO Jason Sowash said, "Gross profitability in the quarter was approximately 65% as we continued to expand our nationwide physician network. We currently have over 350 primary care physicians in our 39 state network. By the second quarter of 2014, we expect to have over 700 physicians in 45 states, as we expand into specialties such as neurology, cardiology and psychiatry.

"This growing network means that Net Medical Xpress increasingly becomes a one-stop telemedicine, turn-key solution. Almost daily, we are seeing new interest from groups, health systems and telemedicine companies in our network and the superior telemedicine technology of Net Medical Xpress. With America facing increasing and even acute shortages of physicians associated with ongoing changes in our healthcare system, we believe our staffing network and the Net Medical Xpress telemedicine operations will be an important part of the solution," Sowash said.

On Tuesday, November 19th, the company will host a video conference call for investors at 10:00 mountain time. CEO Dick Govatski will be joined by the Net Medical board of directors to answer questions and review the company's third quarter results. The link to see the presentation is http://nmxs.adobeconnect.com/nmxs. Sign in as a guest. Type in your name and "Enter Room." To participate and ask questions during the Q&A portion of the meeting, dial 855-213-1099 from any phone.

About Net Medical Xpress 
Net Medical Xpress is a medical services company that provides clinical and diagnostic programs using advanced telemedicine solutions for healthcare organizations. The company has developed an FDA 510k-cleared and all-inclusive telemedicine management system with immediate applications for the preventative, comprehensive and critical healthcare segments. For more information, visit www.netmedical.com 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 Dick Govatski at 505-255-1999 (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:
    Investor Relations
    Frank Hawkins
    Hawk Associates
    305-451-1888


    or

    Dick Govatski
    505-255-1999
    ceo@nmxs.com