NEW YORK, April 26 /PRNewswire-FirstCall/ -- Ramp Corporation today announced that Andrew Brown was selected by its Board of Directors to serve as the Company’s new Chief Executive Officer and Chairman. Mr. Brown replaces Darryl R. Cohen. Ramp Corporation, through its wholly owned HealthRamp subsidiary, markets the CareGiver and CarePoint technology suites. CarePoint enables electronic prescribing, lab orders and results, Internet-based communication, data integration, and transaction processing over a handheld device or browser, at the point-of-care. CareGiver allows long term care facility staff to easily place orders for drugs, treatments and supplies from a wireless handheld PDA or desktop Internet web browser.
Mr. Cohen, a large investor in Ramp, is leaving to devote more time to his other business ventures. Stated Mr. Cohen, “I arrived at Medix Resources, and with the help of Andy Brown, I led the evolution to Ramp Corporation, through a series of challenging times. Over this period we have clearly defined our products, which are now in the marketplace for the first time in the Company’s history. Ramp’s challenge ahead is to refine its deployment process and execute on the enormous opportunities ahead of it. I have enjoyed my time at Ramp, my first endeavor into healthcare technology, and am now looking forward to turning my efforts back towards innovative marketing techniques, which I have developed over my career.”
“I believe Ramp is at a point in its evolution where the opportunities ahead of us far overwhelm our current operational capabilities. Over the past 6 months we have added to our infrastructure and personnel, and we will need to continue to do so for the foreseeable future. We are building the infrastructure necessary to service a demanding customer base, of both physicians and long-term care facilities, in a truly world-class manner. The excitement in our Company is palpable, and I am proud to be charged with driving us forward at this time. Darryl’s leadership and entrepreneurial spirit have been a pervasive force throughout Ramp, and our future results are a tribute to his past efforts. I have been a shareholder in Ramp, and its predecessor, for over 5 years, and I am more excited now than I have been at any point,” stated Mr. Brown.
Mr. Brown has been involved in the public and private markets for over 9 years. Prior to becoming Ramp’s president and chief operating officer, Mr. Brown founded External Affairs, Inc., a consulting firm providing investor relations, financing, and strategy to small public and private companies. Earlier, he was president and chief investment officer of CounterPoint Capital Management, a $42MM investment fund investing in small public and private companies. Before that, Brown co-founded and served as managing director of High View Capital Corporation, an investor in distressed situations. Prior to co-founding High View, Brown was chief investment officer of Perennial Partners, a fund of funds, and, earlier, served as an analyst at Morgan Stanley & Co. Brown began his career as a consultant to Kenneth Leventhal & Company. A licensed Certified Public Accountant, Brown holds an MBA in Finance, International Business and Economics from New York University’s Stern School of Business, and has served on the board of a number of private and public companies. He graduated from Queens College, with Honors, with a BA in
Economics and Accounting, and received the Persia Campbell Award for outstanding Economics Graduate.
Ramp Corporation, through its wholly owned HealthRamp subsidiary, markets the CareGiver and CarePoint technology suites. CarePoint enables electronic prescribing, lab orders and results, Internet-based communication, data integration, and transaction processing over a handheld device or browser, at the point-of-care. CareGiver allows long term care facility staff to easily place orders for drugs, treatments and supplies from a wireless handheld PDA or desktop Internet web browser. HealthRamp’s products enable communication of high value-added healthcare information among physician offices, pharmacies, hospitals, pharmacy benefit managers, health management organizations, pharmaceutical companies and health insurance companies. Ramp’s Frontline division provides a state of the art telecommunications center that enables 24/7 communication between a medical practice and its patients. Additional information about Ramp, and its products and services, can be found at http://www.ramp.com/.
Safe Harbor Statement: To the extent that any statements made in this press release contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as “expects,” “plans,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the ability of the Company to raise capital to finance the development of its Internet services and related software, the effectiveness, profitability and the marketability of those services, the ability of the Company to protect its proprietary information and to retain and expand its user base, the establishment of an efficient corporate operating structure as the Company grows and, other risks detailed from time-to-time in our filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements.
Ramp Corporation
CONTACT: Mitch Cohen of Ramp Corporation, +1-212-440-1551
Web site: http://www.ramp.com/
