SCOTTSDALE, Ariz., Feb. 21 /PRNewswire-FirstCall/ -- MedCom USA, Inc. , today released its results of operations for the second-quarter ending December 31, 2005.
Revenues for second quarter ending Dec. 31, 2005 were $2,018,738, compared to $778,477 for Dec. 31, 2004. Net Loss for the three months ending Dec. 31, 2005 was $925,837 or ($.02), compared to $1,450,483 for Dec 31, 2004 or ($0.03) per share.
Bill Williams, MedCom’s CEO, stated, “Our growth has been balanced across the business, cash flow was stronger, and we were disciplined in controlling costs. The primary factor for increased revenues is our customer sales. We expect the increasing sales to provide the best results for our shareholders. This was an important quarter for MedCom. We made progress toward creating a stronger company with better product offerings for our customers.”
About MedCom USA, Inc.
MedCom USA, Inc. provides innovative solutions for electronically processing HIPAA compliant transactions within the healthcare, financial and dental industry. MedCom USA provides a point of service terminal based transaction package and compatible Web Portal for medical and dental professionals as well as healthcare institutions. MedCom USA offers its clientele the ability to facilitate the following transactions: Real-time Patient Eligibility, Real-time Referral Certification, Real-time Claim Status, Real-time Pre authorization, 100% Paperless Claims Processing and Submission to all United States based health plans and insurance carriers, Patient Easy Pay, Merchant Processing, Electronic Check Guarantee Service, and Accounts Receivable Financing. www.medcomusa.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based largely on MedCom USA, Inc. expectations or forecasts of future events, can be affected by inaccurate assumptions and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the Company’s control. Therefore, actual results could be differing materially from the forward- looking statements contained herein. A wide variety of factors could cause or contribute to such differences and could adversely impact revenues, margins, profitability, cash flows and capital needs.
MedCom USA, Inc.
CONTACT: Kent Barghols of MedCom USA, +1-515-276-1180, BARGHOLSB@MSN.COM
Web site: http://www.medcomusa.com/
