CareDecision Corporation (OTCBB: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; KCWG Pharmaceutical Solutions, a $100 million-plus wholesale prescription drug distributor; CareGeneration, Inc., an emergent provider of direct mail order distribution of retail prescription medicine for uninsured and under-insured Americans; and FutureCom Global, Inc., a leading developer and distributor of wireless products for the medical and hospitality sectors, and other applications for its product lines of Tablet PCs, PDAs, Prepaid Cellular, and Security Systems, today announced an agreement to merge, with terms based on the recent CareDecision counter-proposal, and subject only to usual and customary closing activities. The union will create a new public company with a projected market capitalization (based on expected post merger prices) of $65 million, NEXT GENeSYS Corp., which is expected to generate $175 million in revenue during the first 12 months following the merger.
