RENO, NV--(Marketwire - March 24, 2011) -
VisualMED Clinical Solutions Corp. (The "Company") (PINKSHEETS: VMCS
) (FRANKFURT: VA6) announces the posting of its operating results for the second quarter of fiscal 2011 which are available at www.visualmedsolutions.com
. It is clear that the company has continued to make significant progress over the course of the past year. We have continued to compress expenses and have reduced losses to almost breakeven point. Thanks to this conservative policy, we have emerged from the worst financial crisis in a generation having preserved and maintained total ownership and control on 100% of our extensive portfolio of intellectual property, which remains unencumbered and free of all liens.
We have also adopted a series of meaningful innovations in order to remain well positioned for the coming transformation of healthcare delivery in the United States. These include an upgrade to a more flexible platform, an innovative product line for American drug stores and for the first time we will be in a position to offer physicians a free app at almost no cost to us. Our market appeal remains strong in view of the massive undertaking that will be required to reform and modernize the ailing healthcare industry in the U.S. Conventional wisdom is that this will not be achieved without automation and smart systems like the ones we offer.
"I believe that 2010 saw the transformation of the business from a science company, albeit a brilliant one, to a more commercial organization," says Senior Board member Louis J. Lombardo. "Now we operate as an organization that can adjust product offerings to actual market conditions. We are focusing more on what doctors want and not what we think they need," concludes Mr. Lombardo.
We continue to cooperate with our many affiliated companies. One of the most important is the development of a free-standing platform for general practitioners that will be available online and will allow them to track basic patient care in a way that will save them a significant amount of time. This will be offered in part as a free application in order to increase more rapidly the number of our registered users. Applications are being transposed to some of the newer convergence platforms provided by Visual Healthcare Corp. (PINKSHEETS: VSHC) so we can recruit new users at practically zero installation cost. We will continue to pursue the long term marketing effort for our system-wide complex applications for major hospital environments.
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
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.