NEW YORK--(BUSINESS WIRE)--CDED--
Merchant Banker Armada Group USA, Inc. Envisions More
Transactions Shortly
CareDecision Corp. (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, reported today that it has entered into a Strategic
Partnership with DataFuzion Inc. ("Fuzion"). Fuzion is a Denver,
CO-based medical data warehouse and data mining software application
and services provider, and is also a leader in the fast-growing field
of medical business intelligence and decision-making tools. This
agreement will provide Fuzion access to the CareDecision's PDA based
and Wi-Fi medical technologies in return for receipt of a significant
equity stake in Fuzion.
Robert Cox, Chairman of CareDecision Corp., commented, "DataFuzion
was one of the companies that recently bid to acquire a portion of
CareDecision's e-health technologies. When other bidders emerged, our
merchant banker adroitly steered discussions toward an equity
partnership. This agreement marks the first of several expected
near-term transactions involving our medical software technologies. In
addition to closing this partnership with us, DataFuzion has decided
to file to become a fully-reporting public company, which in the
rapidly improving medical information technology markets could greatly
enhance the value of our equity stake. For example, a publicly-traded
peer company has a market capitalization of approximately $75
million."
Douglas Davis, President and CEO of DataFuzion, Inc., stated,
"This agreement is a combination of timing, opportunity and potential
-- the necessary ingredients to a successful transaction. Our
discussions with CareDecision originated with our examination of their
e-health systems, followed by our bid to acquire their technologies.
Subsequent conversations facilitated by the Armada Group USA, Inc.
persuaded us on the strategic value of a partnership whereby both
companies could build shareholder value. CareDecision has realized the
value of our enterprise and upon the effective date of our public
registration, CareDecision has agreed to distribute to their
shareholders most of the equity we are providing as a dividend, with
CareDecision shareholders perhaps reaping additional financial benefit
under the new tax laws."
Patrick Cole, President of Armada Group USA, Inc., concluded, "We
first approached CareDecision with the prospect of the sale of their
medical technologies to DataFuzion. During the course of the
discussions it became clear that another type of transaction was
preferable, one that would allow DataFuzion to accomplish its primary
goal of becoming a reporting public company, while at the same time
allowing CareDecision to review other offers for its valuable medical
technologies. We have taken a big first step with the closing of this
transaction and envision additional transactions of this type in the
near future."
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995
This release contains forward-looking statements about our
business or financial condition that reflect our assumptions and
beliefs based on information currently available. We can give no
assurance that the expectations indicated by such forward-looking
statements will be realized. There may be other risks and
circumstances that we are unable to predict. When used in this
release, words such as "believes," "expects," "forecasts," "intends,"
"projects," "plans," "anticipates," "estimates" and similar
expressions are intended to identify forward-looking statements,
although there may be certain statements not accompanied by such
expressions. All forward-looking statements are intended to be covered
by the safe harbor created by Section 21E of the Securities Exchange
Act of 1934.
KEYWORD: NEW YORK
INDUSTRY KEYWORD: MEDICAL TRAVEL TELECOMMUNICATIONS MARKETING AGREEMENTS
SOURCE: CareDecision Corp.
CONTACT INFORMATION:
CareDecision Corp.
Robert Cox, 631-544-0181 www.caredecision.net
or
DataFuzion, Inc.
Doug Davis, 303-703-4507 www.datafuzion.com
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DaDog
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DaDog
quote:
Originally posted by gmoney:
I think you guys hit the nail on the head (MM's) ... this stock has serious upside potential with great charts... oh by the way, did I mention it was Stockprowler's pick of the month? Sit tight and as Fallstaff says .... TRUST YOUR DD!!!!
I tried like a bandit today to sell some of this other company, that I think I great for the long haul, but stagnate now, and get as much as I could here. I think when the investment community hears what is going on here, we fly in a hurry. Dividends on penny stocks? Buying into a private company that is considering launching a IPO? More acquisitions to come in the "near term"? Hiring a financial merger company to solidify the process.
There was a great post on another board about a CNN interview today with a CEO in the medical business. He was asked "aren't medical records already online/cmptr/electronic" apparently he answered, "No" which if you think about it, makes sense since the last doctor I saw wrote things on charts and kept paper files. The CEO said a lot of money is being poured into this field. If you want to read it, it is message 1419 on the FLCR board.
quote:Hey GMoney I cashed out my shares of QBID and am looking for a new home they can live in for 72 hours. Something to hold for my 72 hrs
Originally posted by knee-hi-boot-gurl:
Great post!! From R.B. hope I'm not bracking any rules/laws by coping it and posting it here! I agree EZ. That was awesome. What more could you ask for? Dividends? Wow, even if it were one penny we'd make a bundle.I tried like a bandit today to sell some of this other company, that I think I great for the long haul, but stagnate now, and get as much as I could here. I think when the investment community hears what is going on here, we fly in a hurry. Dividends on penny stocks? Buying into a private company that is considering launching a IPO? More acquisitions to come in the "near term"? Hiring a financial merger company to solidify the process.
There was a great post on another board about a CNN interview today with a CEO in the medical business. He was asked "aren't medical records already online/cmptr/electronic" apparently he answered, "No" which if you think about it, makes sense since the last doctor I saw wrote things on charts and kept paper files. The CEO said a lot of money is being poured into this field. If you want to read it, it is message 1419 on the FLCR board.
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DaDog
The other good recommendation I've got for you is CDED which has apparently also been tainted with MM's and has very good upside potential. Stockprowler has a great track record, and this company is poised for god things this month IMO.
Hope this helps and GL trading!
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DaDog
quote:
Originally posted by dardadog:
Have seen the same rumor. I love the chances for this stock.
Glad there are some more cded longs out there. I to am excited to be long on this stock.
First, for me I like the small float. If,in fact, there are only 30 million public shares than once this fires up should move at more that .004 spreads. Going along with that thought, if insiders own the other 130 million shares, it tells me they think that it is very under valued stock. A lot of micro plays flood the market with shares ,for cash,to stay afloat.
Second, If you look at Fridays announcement two things I noticed. One that they said that more moves would be happening soon=positive. But also what I really liked that with there agreement with Fuzion, That stockholders would get the majority of the equity as a dividend. This company loos like they really want to build shareholder value.
Any comments on exactly how the dividend will be executed? If fuzion is going public are they going to offer shares in it to existing shareholders or give us a percentage according to number of shares, in cash equity in the company.
Glad I found you guys. This could rock. Also, have to love the fact that they have several product offerings as well. Good luck guys, I am excited.
T/a wise nice bullish wedge on daily. should initially see some gains in the first hour. Keep up the good posts!!!!!!!!!!
Keep up the good work. Also,what is behind the rco rumors. I am not familiar with them but their balance sheet is a mess.
What is the possible reason behind an agreement. Unless the two products together would really enhance the product. Again thanks for being here and posting!!!!!!!!
P.S. Gotta love this small float!!!!!!!!!
We've (trader friends and I) been trading it since .033 , took profits and taking the other 16000 long. The stuff about a dividend is great.
Business looks to be a good price still
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DaDog
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DaDog
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DaDog
quote:
Originally posted by dardadog:
0.093
Nice pick Dog, got in at 7.7
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DaDog
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DaDog
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DaDog
The dividend Is worth sticking around for and more people are trading it, also seems to be worth while 2-5 years out.
I wouldn;t be surprised to see it hit .20 in a month from there it'll need profits
I'm taking this 16000 long.
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DaDog
quote:
Originally posted by gmoney:
Price above bid/ask