VisualMED Files Year-End Disclosure Statement
August 31 2011 - 8:00AM
Marketwired
VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS:
VMCS) (FRANKFURT: VA6.F) announces that it has published its
year-end disclosure statement and financial results. These are
available on the OTC markets site as well as on the company website
at www.visualmedsolutions.com.
The Company is pleased to report that Q4 came in as the best
quarter in its history, leading to the most positive year to year
results ever. The company is benefiting from the initial impact of
coming health reforms in the US as we are finally undergoing an
unprecedented acceleration of revenues barely two years after the
passing of Obamacare and the first launch of meaningful use.
Revenues were significantly up for fiscal year 2011, surpassing
earlier guidance at $1,543,510, with net income of $167,823, both
spurred largely by the impact of current U.S. Administration's
healthcare policies on the marketplace. It is clear that mounting
pressure will continue to push forward the modernization of
clinical facilities and we expect to more than double our current
volume of business in the coming year.
"We are clearly benefiting from public policy which has had a
marked effect on our ability to conduct our business, giving us
some pricing power. We also benefit from our ability to lower
operating cost. For the first time ever we have been able to
provide services without incurring losses and therefore produce
positive results," says Chairman Gerard Dab.
Gerard Dab will be hosting a company conference call to discuss
company results, current business and future prospects on
Wednesday, August 31st at 1 PM EDT (New York Time). Please use the
following Dial in number and access code.
Dial-in Number: (209) 647-1000 Access Code: 910071
All members of the public are welcome.
The full disclosure statement with financial results can be
found at
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=59075
ABOUT VISUALMED VisualMED markets smart
Clinical Information Systems (CIS) with EHR and Computerized
Physician Order Entry that are at the core of the new regulatory
environment ushered in by the American Recovery and Reinvestment
Act of 2009 and the Health Reform Act of 2010. We offer medical
facilities and physicians a broad array of clinical applications
with rich embedded clinical data, both scalable and interoperable,
and whose high level of usability has been tested by over one
thousand clinicians over many years in tertiary care and ambulatory
environments. Our solutions help medical facilities increase
provider efficiency, bring down operating costs, demonstrate
meaningful use for ARRA grants and subsidies, and reduce mortality
and morbidity. The Company's Suites of Medical Solutions operate on
state of the art proprietary software platforms with advanced
analytical capabilities provided by Visual Healthcare Corp.
(PINKSHEETS: VSHC).
Detailed information on our company and its products is
available on our web site at www.visualmedsolutions.com
FORWARD-LOOKING STATEMENTS Except for historical information
provided herein, this press release may contain information and
statements of a forward-looking nature concerning the future
performance of the Company. These statements are based on
suppositions and uncertainties as well as on management's best
possible evaluation of future events. Such factors may include,
without excluding other considerations, fluctuations in quarterly
results, evolution in customer demand for the Company's products
and services, the impact of price pressures exerted by competitors,
and general market trends or economic changes. As a result, readers
are advised that actual results may differ from expected
results.
For further information, please contact: Frederick Berlin
Operations manager TEL: 514 836 1212 or 514 582 5220