ST. PAUL, Minn., and JERSEY CITY, N.J., Dec. 22 /PRNewswire-FirstCall/ --
Health Outcomes Management, Inc. (OTC Bulletin Board: HOMI.OB) and Hudson
Securities, Inc. today announced that they have signed a definitive agreement
with respect to Hudson Securities' acquisition of HOMI in a reverse merger
transaction. Under the merger agreement, Hudson Securities is to merge into a
subsidiary of HOMI, and the stockholders of Hudson Securities will own
approximately 94% of the outstanding stock of HOMI after the merger. The
current holders of the stock of HOMI will own approximately 6% of HOMI.
The acquisition is conditioned upon completion of regulatory and other
approvals of the transaction, and approval by the Hudson Securities'
stockholders.
Hudson Securities, formerly known as Wien Securities Corp., is a broker-
dealer registered with the Securities and Exchange Commission and a member of
the National Association of Securities Dealers. It is a market maker in more
than 5,000 securities and trades proprietarily and as agent for many broker-
dealer and institutional clients.
HOMI developed and supplied computer software systems and services to the
healthcare industry until it sold its last operating business in January 2002.
Its shares are quoted on the OTC Bulletin Board under the symbol HOMI.
Marty Cunningham, Hudson Securities' Chief Executive Officer, stated,
"Becoming a public company will allow Hudson Securities to be more competitive
in several ways. We will be in a more advantageous position for retention and
recruiting purposes, and we will be able to structure acquisitions with stock
and cash that would enhance our business and broaden our revenue stream."