SOURCE: Southwestern Medical Solutions, Inc.

June 13, 2006 14:10 ET

SWNM Enhances Outlook for Distribution of Licensed Medical Software Products

TAMPA, FL -- (MARKET WIRE) -- June 13, 2006 -- Southwestern Medical Solutions, Inc. (PINKSHEETS: SWNM) is pleased to announce that it has, during the process of reviewing the prospective inclusion of a fully licensed medical software inventory management control product in its lineup of products, received positive feedback from major U.S. distribution companies which are interested in private OEM licensure of the product.


In recent news, SWNM announced that it is currently in the process of determining the potential profitability structure of adding to its exclusive product line a fully licensed medical software product that would enhance the office management and inventory control for healthcare facilities, ranging from single physician practices to major hospital corporations. The Company has brought forth the software to noted marketers of such products to determine potential partnerships in marketing efforts, and has received more than enthusiastic response according to VP - New Product Development, Mr. Richard Powell, who noted, "As we are growing our product line, and especially now that we are entering our clinical CLIA approval stage for our unique Labguard™ systems, having a market ready product brought forward to us for exclusive licensing rights is a real bonus to our company. We look forward to this process and the possibility that we could bring this product to market in the not-too-distant future."


The Company's proprietary Labguard™ on-site collection & diagnostic testing technology represents a revolutionary approach that ensures greater safety and convenience for diagnostic testing administrators at an attractive, market-competitive price. The ability to offer technically advanced products at competitive savings to the medical community constitutes the core of the corporate strategy. SWNM continues to develop and increase its market presence by enhancing its product catalog with new and exciting products. As the Company grows its portfolio of products, it finds itself in the position of having many interesting products brought forth for review and assessment as to a prospective fit within the SWNM corporate strategy and growth objectives.

The statements made in this press release, which are not historical facts, contain forward-looking statements concerning potential developments affecting the business, prospects, financial conditions and other aspects of the Company to which this release pertains. The actual results of the specific items described in the release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update information contained in any forward-looking statement.

Contact Information

  • For Further Information:
    Contact: Investor Relations Department
    Southwestern Medical Solutions, Inc.
    Phone: 1-866-369-9476
    E-Mail: Email Contact
    Corporate Phone: 1-877-576-0936