SOURCE: Healthmed Services

Healthmed Services

August 31, 2010 16:01 ET

Technology Spending Is Expected With Overhaul of Healthcare Industry, States Healthmed Services

SUNNYVALE, CA--(Marketwire - August 31, 2010) -  Healthmed Services, Ltd. (OTCBB: HEME), an innovative software development company, is pleased with the recent studies and reports on information technology spending. 

Healthmed foresees the Company's products as being a nice fit in the technology upgrades being made as part of the healthcare industry modernization. It is expected that healthcare spending in general could reach 4.5 trillion dollars by 2019.

Regarding the healthcare industry, President Obama has pledged 630 billion dollars over the next 10 years to the industry. The US American Recovery and Reinvestment Act of 2009 has already awarded 70 billion dollars through the US Department of Health and Human Services to the healthcare industry. According to Juniper Research, spending on mobile hardware, software and services across the global healthcare sector is set to rise to $2.7 billion in 2010.

Today, research firms point to positive growth in hardware and software spending, which will contribute to a tech recovery in 2010. However, despite the recession, more than 50% of companies are still increasing their IT budget annually.

According to Forrester's research for the first quarter, U.S. spending on information and communications technology products and services will reach 741 billion dollars in 2010.

Andrew Bartels, vice president and principal analyst at Forrester Research, stated, "I now expect the U.S. IT market to grow by 8.4%, a bit higher than my earlier forecast, because of better-than-expected performance in communications equipment."

Healthmed is optimistic the Company's objective is in concert with the plans and goals of the healthcare industry. The Company will continue to build products and services that help professionals work more efficiently, help organizations provide convenience to their staff, and add value to the technical side of healthcare. 

You may read more about the Company and its product developments on its website: www.healthmedltd.com.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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