Date: March 15, 2004.

CareDecision Corp. to Appear on Let's Talk Stock on CNBC-TV
4/7/2004 9:45:00 AM
Company's April 25 Segment to Highlight Patent Pending Products, Unique Market Position and Track to Profitability
NEW YORK, Apr 7, 2004 /PRNewswire-FirstCall via COMTEX/ -- CareDecision Corp. ( CDED ) a leading Wi-Fi PDA technology provider to the lodging and satellite media industries, and the developer of patent-pending technologies for Wi-Fi PDA e-health and EMR applications, announced today that it will be featured on 'Let's Talk Stock,' a nationally televised program on CNBC-TV, April 25, 2004 at 11:00 am EDT.

CareDecision Chairman Robert Cox said, "We are excited about the prospect of being highlighted on such a reputable financial network with the potential to reach millions of members of the financial community. The CareDecision story is fast-evolving, emerging, and compelling and truly deserves the attention of the type of captive audience that this program attracts."

A media spokesman for Let's Talk Stock commented on CareDecision's appearance, "We are very excited about the prospect of profiling such an undervalued and under-followed issue as CDED and believe the program will be successful in increasing the company's exposure to the financial community on a nationwide basis."

Navin Patel, the owner of 18 hotels that recently placed orders for the ResidenceWare™, product commented, “Many of us in the hotel business believe that the only way to make an extra dollar is by cutting expenses. But, by introducing this unique product everything has changed. My hotels have over 1100 rooms and we estimate, as a direct result of ResidenceWare™, an annual transaction revenue stream of almost $550,000 across my 18 hotels. With CareDecision's Co-op Ad revenue-sharing program, each of my hotels should add profits, and I can still save an extra dollar or two by cutting expenses elsewhere.”

Robert Cox, Chairman of CareDecision Corp., commented, “Our ResidenceWare™ product has been enthusiastically received by hotels throughout the Midwest. As we secure this beachhead of business, we can shortly turn our attention to the southeastern states and to California. Our recently announced credit facility has been of immeasurable help in this regard. With a second credit facility in the works, we plan more revenue implementation announcements in the near future.” CareDecision’s marketing initiative has resulted in orders and contracts from leading hostelries, including Ramada, Super 8, TraveLodge and Wingate, worth an estimated $3.3 million annually from 2004-2006.

On December 30, 2003, CareDecision Corp. reported that it has executed a Merchant Banking Agreement with Armada Group USA, Inc. and is implementing the first of an anticipated three secured, non-dilutive credit facilities that could total more than $3 million. The agreement also calls for Armada to assume a leadership role on behalf of CareDecision as it enters the closure phase on its agenda of initiatives. These include a $2-$3 million credit facility for the Company's ResidenceWare products, as well as anticipated alliances with a large satellite media concern. The Company is using this initial credit facility for the financing of the existing backlog that recently grew to 26 hotel contracts representing the installation of ResidenceWare™ Wi-Fi units to more than 1,600 hotel guestrooms - and an additional 6,700 guestrooms if follow-on hotels are installed.

The company has selected Dell to furnish its Axim X5 Handheld and its PowerEdge Servers. Linksys, a division of Cisco Systems, Inc., has been chosen for its Wireless-G Broadband Router and its instant Wireless Network CF Card. Keith Berman, founder and CTO of CareDecision Corp. commented, “The product selections place us on the brink of initiating a flood of Wi-Fi ResidenceWare™ system installations to existing contracted hotels, and to additional hotels in the order pipeline. This large 4th quarter roll-out will quickly move CareDecision into this virtually untapped market and activate a steady stream of progressive revenues that will hopefully permit a sooner than expected fulfillment of our long anticipated positive earnings objective.” Mr. Berman concluded, “CareDecision has already been identified as the industry pioneer. We envision being eventually recognized as the dominant provider of Wi-Fi PDA based electronic services to the broad hotel/motel industry. Our market success with ResidenceWare™ is inexorably linked to the feature depth, ease of use and durability of the hardware and associated components.”

On January 21, 2004 CareDecision Corp. announced it has received several offers for the acquisition of, or rights to, its e-health technologies, software applications and other medically-related intellectual properties. The Company reports that the offers received for its three major medical IT properties, if taken at their highest values, would aggregate in excess of $6 million. CareDecision Chairman Robert Cox commented, “The current offers under review value our medical technology at approximately $.05 per share. These bids, which are unsolicited, are for assets that are not part of the Company's current core businesses. The assets that underlie our core businesses would remain totally intact. It is clear to us that our attributes have not gone unrecognized in the e-health sector…”

CareDecision Corp. is currently in due diligence discussions with Texas-based MDU Services, Inc. The acquisition of MDUS would add to CareDecision's asset and customer revenue bases, provide complimentary security services and coveted European venture partners. MDUS provides private smart buildings, switched fast Ethernet, Wi-Fi Hot Spots, and voice, data and TV services to multiple tenant business and residential building sites, hotels/motels, managed care facilities and universities.

The lodging business is highly competitive. When one hotel/motel chain adopts and implements a new innovation others are forced to quickly follow or face losing market share. CareDecision Corp. is the first to get to market with its proprietary and unique information technology/network. The recent trickle of orders for its ResidenceWare™ product may soon become a flood as competitors in the lodging industry realize they must have what the competition has. CareDecision Corp. projected revenues of $15 million for 2004 could prove to be conservative.