NEW YORK, Aug. 19 /PRNewswire-FirstCall/ -- CareDecision Corporation (BULLETIN BOARD: CDED) a leading Wi-Fi PDA technology provider to the lodging and satellite media industries and the developer of patent-pending technologies for e-health and EMR applications, announced today that the Board of Directors after completing review of an offer to merge with the previously announced entities, and after unanimous concurrence, prepared counteroffers in an effort to quickly conclude the negotiations in agreement. The initial merger proposal would have provided for a substantial increase in the Company’s market capitalization and opportunities, but the Board of Directors believes strongly that the company’s technology and capabilities compelled counteroffer.
CareDecision Corp.'s Board plans to provide additional updates as circumstances warrant and has been assured by its proposed merger partner that all parties desire a satisfactory conclusion on this opportunity.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
This release contains forward-looking statements about our business or financial condition that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this release, words such as “believes,” “expects,” “forecasts,” “intends,” “projects,” “plans,” “anticipates,” “estimates” and similar expressions are intended to identify forward-looking statements, although there may be certain statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.
For further information, please contact: Keith Berman, CareDecision Corp., (805) 446-1973 or visit: http://www.caredecision.net/.
CareDecision Corporation
CONTACT: Keith Berman of CareDecision Corp., +1-805-446-1973
Web site: http://www.caredecision.net/
