SOURCE: PanaMed Corporation

May 31, 2005 15:42 ET

Visual Board Books Registers Over 200 Mutual Funds for Trials on Its New XRM™ Solution

Company Receives Overwhelming Response to Its Online Service

SCOTTSDALE, AZ -- (MARKET WIRE) -- May 31, 2005 -- Visual Board Books, Inc., a division of publicly traded PanaMed Corporation (OTC: PANA), is pleased to announce that it received an overwhelming response to its new online XRM solution at the Investors Company Institute Annual Membership meeting in Washington, DC.

Michael Atkins, CEO of Visual Board Books, stated, "Over two hundred mutual funds signed up for trials using the XRM™ Visual Board Books online service." He added, "Large fund families, those managing several billion dollars, have jumped to the new service, which streamlines production and dissemination of board books and related documents to distant board members as soon as information is approved for release."

Mutual Funds are taking advantage of the service's Corporate Documents Module, utilizing it as a Private Executive Portal to conduct routine business, such as executive meetings and reporting. Atkins continued, "Clients are impressed with the easy to use low-cost service. They especially like the 'Live Online Support' that is included in the low $100 per month, per user service fee." One user stated, "This service costs less than our monthly printing and federal express bills, not counting the temporary help we bring in."

Most mutual funds will have from five to fifty individual users utilizing the service at the $100 per month level. Visual Board Books allows these users to efficiently organize documents and communicate data, meeting the stringent new compliance regulations easier than ever before.

Visual Board Books is planning to make additional service announcements at the Annual Association of Corporate Secretaries and Corporate Governance Professionals next month in Los Angeles, CA.

"We also had many requests to develop a new 'Visual E-mail Tracking Module' to respond to new SEC email tracking requirements, which are a part of the Information Act. Therefore, we are currently expanding our services to include an email server to store corporate emails, which can later be reviewed in different formats," added Atkins.

About Visual Board Books

Visual Board Books, Inc. is a division of publicly traded PanaMed Corporation, a company dedicated to providing online board books for corporate governance to the mutual fund industry.

Visual Board Books provides a web-based service that helps corporate boards maintain their books efficiently and cost-effectively. The service is powered by the company's eXecutive Relationship Management™ technology (XRM). This new, proprietary XRM-based solution enables executives, directors, counsel and staff the ability to manage board books and critical corporate information online, reducing risk. Features include: archival and real-time books; calendar and scheduling; documents, committees, email and contact lists; telephone and video conferencing; and a unique drag and drop Agenda Designer™.

Safe Harbor Statement

This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements regarding potential sales, the success of the company's business, as well as statements that include the word "believe'' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of PanaMed to differ materially from those implied or expressed by such forward-looking statements. Additional information on these and other factors may be included on future 10-Q and 10-K reports. This press release speaks as of the date first set forth above and PanaMed assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.

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