e-MedSoft.com Launches Australian/Asian Subsidiary, B2B.Net; Subsidiary to be Managed by Former Sun Microsystems' S.A. Director

Business Wire, March 15, 2000

Business/Medical Editors

JACKSONVILLE BEACH, Fla.--(BUSINESS WIRE)--March 15, 2000

John F. Andrews, Chairman and Chief Executive Officer of e-MedSoft.com (AMEX:MED) announced today that the Company has launched its Australian and Asian subsidiary, B2B.Net Technology, for the continued roll out of the Company's technologies and products throughout Australia and Asia. Andrews further announced that the B2B.Net subsidiary has just completed a vastly oversubscribed placement of equity capital to fund its operations going forward. The issue was underwritten by Melbourne equities house D & D Tolhurst, and was sponsored by leading Australian Internet broker Sanford Securities (www.sanford.com.au).

Andrews commented: "Since January 1999, e-MedSoft.com has always been the international leader in this new health care Internet industry in that our approach has consistently been that the world is shrinking and geographical and cultural boundaries have either come down or are going to come down. With the advent of international telemedicine and cross cultural medical research efforts, we have viewed it as a necessity to cultivate efficient and cost effective methods for health care professionals to interact across geographies, cultures and indeed time zones. This focus is significant not only to foster appropriate communication among these constituents, but also in view of the financial reality which is that the international market offers many of the same economic opportunities as are apparent in the domestic market. To date, we believe our financial performance internationally has borne out this model many times over."

The launch coincides with B2B.Net having received regulatory approval in Australia for listing of its securities on the Australian Stock Exchange, with trading expected to occur shortly. B2B.Net's ASX stock symbol will be BTB.

Chris de Beyer, formerly Sun Microsystems' Managing Director for the Southern Africa Region, will manage the publicly traded subsidiary.

The subsidiary has added several prominent members of its Board of Directors, including Dr. Neale Fong and Ian Fletcher:

Fong is currently the Chief Executive Officer of St. John of God Health Care Subiaco, the largest single campus private hospital in Australia. Currently, Fong manages a staff of 1,500 employees with more than 800 accredited physicians operating out of the campus. Previously, Fong was the Chief General Manager of Operations for the Heath Department of Western Australia, a division with an annual budget of $1.7 billion.

Fletcher has spent almost 20 years in senior policy roles with the Australian Government and has well established experience and acumen that is believed to be salutary and important to B2B.Net's development.

About e-MedSoft.com

e-MedSoft.com, with its core medical software product, is leading a transition in the medical industry, as it is the first subscription-based healthcare management system available for delivery through the Internet. Users of the software are charged a small up front installation fee, and an ongoing subscription fee based on transaction volume. The medical software is a complete healthcare management system. Through the Internet and its Java-based integrator which utilizes Sun Microsystems, Inc.'s (Nasdaq:SUNW) Java technology, e-MedSoft.com's software facilitates communication across diverse platforms and languages in unlimited capacity, allowing for the inter link of doctors, hospitals, clinics, HMOs, insurance companies, financiers and government agencies. The ease and low cost with which it can be implemented, its Internet-based ASP model which reduces the need to build internal IT infrastructures, and its ability to allow for the exchange of information across diverse platforms and systems bode well for its widespread adoption by the medical community.

e-MedSoft.com also operates the e-Net Technology group of companies, which includes e-Net Systems Ltd. (formerly Relay Business Systems Ltd.), IFA Systems Ltd., and e-Net Software. The e-Net group focuses on removing the complexity of Web-enabling business processes by providing a complete range of Internet Managed Services and Information Technology solutions, and by utilizing strategic partners Sun Microsystems, Oracle Corporation and Cisco Systems Ltd.

e-MedSoft.com's products are built on the foundations of speed, ease of use, security, scalability, and resilience. For more information, see www.e-medsoft.com, www.enetgroup.co.uk, www.magnumfinancial.com, and www.internetstockmarket.com/corpprof/m/mdtk.html.

Statements in this news release that relate to management's expectations, intentions or beliefs concerning future plans, expectations, events and performance are "forward-looking" within the meaning of the federal securities laws. These forward-looking statements include assumptions, beliefs and opinions relating to the Company's business and growth strategy based upon management's interpretation and analysis of its own contractual and legal rights, of management's ability to satisfy industry and consumer needs with its technologies, of healthcare industry trends, and of management's ability to successfully develop, implement, market and/or sell its network transaction processing services, software programs, clinical and financial transaction services, and e-commerce systems to its clientele. Management's forward-looking statements further assume that the Company will be able to successfully develop and execute on its strategic relationships. Many known and unknown risks, uncertainties and other factors, including general economic conditions and risk factors detailed from time to time in news releases and the Company's filings with the Securities and Exchange Commission, may cause these forward-looking statements to be incorrect in whole or in part. The Company expressly disclaims any intent or obligation to update any forward-looking statements. Actual results or events could differ materially from those anticipated in the forward-looking statements due to a variety of factors set out above, including, without limitation, acceptance by customers of the company's products, changing technology, competition in the health-care market, government regulation of health care, the company's limited operating history, general economic conditions, availability of capital and other factors.