STUART, FL--(Marketwire - September 17, 2012) - Connectyx Technologies Holdings Group, Inc. (PINKSHEETS: CTYX), www.connectyx.com, a Healthcare BPO that provides unique products for the healthcare market including MedFlash®, the electronic Personal Health Manager (ePHM), Medical Transcription, Disease Management, Revenue Cycle Management, and Medical Consulting - Billing, announced the acquisition of U.S.A. Medical Monitoring Services LLC, www.usaalertinfo.com, a profitable private company engaged in the Personal Emergency Response Systems/Services (PERS) market.
Under the terms of the acquisition agreement, Connectyx Technologies has acquired all the assets and no liabilities of U.S.A. Medical Monitoring Services. Assets include customer accounts with monthly recurring revenue, inventory, website, marketing material and contracts. Connectyx issued twenty million one year restricted shares and five million warrants with an exercise price of $0.02 expiring October, 2017.
U.S.A. Medical Monitoring Services offers the Life Control along with a variety of other Personal Emergency Response Systems, (PERS) and products. With just the simple push of a button you’ll be in direct voice-to-voice contact with one of our 24-hour emergency response professionals, a family member or a trusted friend -- or both.
According to Frost and Sullivan Research, the Personal Emergency Response Systems (PERS) market booked revenue of $963.9 million in 2010 (an increase of 15.2 percent over 2009) and is forecasted to grow at a compound annual growth rate of 10.4 percent from 2010 to 2017 to reach $1.86 billion in 2017. (http://www.ageinplacetech.com/pressrelease/pers-market-grow-963-million-2010-2017-186-billion-2017)
The Center for Disease Control (CDC) reports that about 1 in every 3 Americans over 65 years of age fall annually. And, significantly, the New England Journal of Medicine has reported that if victims of falls and other medical emergencies receive assistance within one hour, ninety percent (90%) recover to continue to live independently.
Ronn Schuman, CEO of Connectyx Technologies Holdings Group, Inc., said, “We have been looking for a partner in the PERS market for a few years as these devices add considerable value to our already robust In Case of Emergency, (I.C.E.) member benefit program. Having already worked with Mr. Larkin, Founder of U.S.A. Medical Monitoring Services on some other related healthcare projects, we believed that the added value of this company would be significant for our members and add additional shareholder value as we increase our membership of this growing vertical.”
Separately, the company is already in contract negotiations emanating from the CTYX’s recently announced contract with CallCenterTeam.com. Total revenues from the contract are projected to generate revenues of a minimum of $3 Million in 2013.
Interested investors and shareholders are invited to be added to the corporate e-mail database for future corporate press releases and industry updates by sending an e-mail to investorrelations@connectyx.com. For more information please visit our website at www.connectyx.com.
About Connectyx Technologies Holdings Group, Inc.
Connectyx Technologies Holdings Group, Inc. is a Healthcare BPO that provides unique products for the healthcare market including MedFlash®, the electronic Personal Health Manager (ePHM), Medical Transcription, Disease Management, Revenue Cycle Management and Medical Consulting - Billing. Connectyx’s consumer product, MedFlash® PHM, is an easy to use Personal Health and Lifestyle Manager that is accessible using a powerful web portal suite. The MedFlash® PHM provides member benefits including instant access to members’ Emergency Medical Profile and Personal Health Record in the event of an accident or a medical emergency. MedFlash also offers lifestyle and wellness features that provide significant health benefits to members and risk mitigation for employers and insurers alike. For more information, please visit our websites at: www.connectyx.com, www.phrtoday.com and www.medflash.com.
About US Medical Monitoring Services, LLC
USA Medical Monitoring Service, LLC is in the Personal Emergency Response Services (PERS) market sector. The company’s product, LifeControl does not require the customer to be near a base station for communication. LifeControl is so uniquely powerful that it covers up to a 5,000-square-foot home and provides enough of a range to go another 100 feet out into the yard. www.usaalertinfo.com
Safe Harbor Act: This communication includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this communication.
Contact:
Investor Relations:
Connectyx Technologies Holdings Group, Inc.
772-600-2581
