digiMedical Solutions, Inc.'s Proprietary Pharmacy Technology, digiRX, Helps Company Reduce Operating Costs by Over $25,000 per Month
Market Wire, September, 2007
digiMedical Solutions, Inc.(TM) (PINKSHEETS: DGMS) today announced the company has reduced operating costs by over $25,000 per month since the acquisition of the company's pharmacies in 2006. By leveraging the company's proprietary pharmacy technology, digiRX(TM), and combining and streamlining operations across the company's five consolidated pharmacies, digiMedical has been able to reduce monthly operational costs by over $25,000 per month.
digiRX(TM), a Microsoft-based technology, improves pharmacy efficiency by digitally sending prescriptions from the doctor or clinic directly into the pharmacy workflow system, eliminating several manual, time consuming steps. To continue to reduce costs, digiMedical has also improved purchasing processes, including taking advantage of available competitive pricing. The improved processes have maintained or improved prescription fulfillment quality standards and increased efficiency.
digiMedical has acquired and consolidated seven pharmacies or pharmacy assets over the past fifteen months. The company has successfully implemented its proprietary suite of digital prescription handling software tools, including digiRX, digiRxStream and digiRxComp, across the company's network of doctors and clinics as well as throughout digiMedical's company-owned pharmacies. Additionally, digiMedical became a Microsoft Independent Solutions Vendor (ISV) earlier this year.
David Lee, Chief Executive Officer of digiMedical, stated, "Twenty-five thousand dollars in reduced operating costs goes straight to the bottom line. This has an immediate positive impact on our profitability as a leading-edge provider of digital prescription services. Overall, we have had a very positive year-and-a-half with seven successful acquisitions, the rollout of new technology products, our Microsoft relationship, and significant operational cost reductions."
To be added to digiMedical's corporate e-mail list for shareholders and interested investors, please send an e-mail to ir@digimedical.com .
About digiMedical Solutions, Inc.(TM) ( www.digiMedical.com )
digiMedical Solutions, Inc.(TM) is a pharmacy and medical technology company focused on developing next generation, digital medical technology with an emphasis on digital prescriptions (d-Prescriptions) that closely align the doctor, pharmacist and patient. The company's planned growth will come from three channels: direct marketing of the company's wireless based d-Prescription technology to physicians, acquisition of independent pharmacy chains and the sale of select territories to "market partners" licensed to exploit the digiMedical Solutions(TM) model. digiMedical Solutions, Inc.(TM) currently owns and operates six pharmacies throughout Texas and Florida and is a Microsoft Independent Software Vendor (ISV). digiMedical Solutions'(TM) unique business model connects physicians, patients and pharmacies with next generation medical technologies.
Forward-Looking Statement
Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "Forward-Looking Statements" for purposes of safe harbor provided by Section 21E of the Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be identified by words including "anticipate," "await," "envision," "foresee," "aim at," "believe," "intends," "estimates" including without limitation, those relating to the company's future business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the Forward-Looking Statements. Readers are directed to the company's filings with the U.S. Securities and Exchange Commission for additional information and a presentation of the risks and uncertainties that may affect the company's business and results of operations.
Contact: digiMedical Solutions, Inc. Investor Relations Whitney Price 214-722-3029 ir@digimedical.com http://www.digimedical.com
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