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[QUOTE]Originally posted by mizzoubb_fan: [QB] CareDecision Corp. Board Seeking Enhanced Market Valuation and Added Considerations in Proposed Merger E-mail or Print this story 23 August 2004, 10:55am ET NEW YORK, Aug. 23 /PRNewswire-FirstCall/ -- CareDecision Corporation (BB: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 on August 17, 2004 its Board of Directors, after thorough review of the proposal to merge with the aforementioned divisions and/or subsidiary of its potential merger partner, unanimously agreed to propose changes and alternatives to the merger proposal. The Board sought additions that it believes would better solidify a market valuation in excess of $25 million for that portion of the post-merger entity to be owned by the shareholders of CareDecision Corp. The Board also proposed alternative considerations. Mentioned Last Change CDED 0.033 0.001dollars or (2.94%) "As the public company in the negotiation, with an established product, strong and growing customer base, patents-pending technology and knowledge of similar companies and their valuations at a similar stage, we believed a counter proposal setting clear expectations was in order," commented Robert Cox, Chairman of CareDecision Corp. "To be clear, our discussions concerning the opportunities created by the proposed merger are certainly compelling. This Board's overriding obligation is to our shareholders, and we expect to preserve and enhance shareholder value, and we simply wanted to be clear in our discussions, receptive to shareholders desires for more information, and mindful of our fiduciary responsibility." The Board of CareDecision Corp. will provide additional updates as circumstances warrant, potentially in the next several days. [/QB][/QUOTE]
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