Retail Pharmacies to Distribute Suscriptions Sets for Internet Personal Health Record Monday May 21, 6:30 am ET
MONTREAL--(MARKET WIRE)--May 21, 2007 -- VisualMED Clinical Solutions Corp. (the "Company") (OTC BB:VMCS.OB - News) (Frankfurt:VA6.F - News) announces that its licensee, Medical.MD, has entered into negotiations with one of the largest chains of drug stores in the United States in order to secure retail points of sale for the distribution of subscriptions to its online personal healthcare management website. ADVERTISEMENT
Appropriate display and packaging design concepts have been tested in order to place encoded subscription discs next to drug dispensing counters in pharmacies for sale to the general public. Suggested retail price is expected to be $39 across the board. The concept calls for an initial launch of one hundred units per store in thousands of pharmacies throughout the US.
The VisualMED Electronic Health Record is being deployed in a subscriber user format over the Web for the internet community by Medical.MD and a group of associates that includes an international advertising agency and a leading provider of information technology.
"Initial research has shown that pharmacies are an ideal dispensation point for subscriptions to the Medical.MD website," says VisualMED Chairman Gerard Dab. "They have a high client volume, and are the most widely and effectively computerized links in the healthcare sector. Now pharmacists will be able to offer the Medical.MD subscription to clients as a way to help individuals manage their own medical record, including their own drugs."
VisualMED's licensing agreement with Medical.MD calls for the Company to receive 15% of gross receipts of the joint venture. The current pharmacy initiative, combined with ongoing negotiations for large corporate group sales of subscriptions to the website, could generate a significant subscriber core in the near term.
Subscribers will have fully secure, immediate access to their full personal medical record from anywhere in the world, and will be able to independently manage their personal health record. Medical.MD is providing the same medical technology currently in use in cutting edge paperless hospitals in the United States and Canada.
About Medical.MD Inc.
Medical.MD provides web-based technology that allows subscribers to monitor their own patient record and care procedures. State-of-the-art clinical information system software allow anyone to access key information critical to their own care, and provide a full range of medical information for any condition and available treatments, which when used alone or in conjunction with a physician, can dramatically increase the chances for positive health outcomes, and lead to a better informed public.
VisualMED Clinical Solutions Corp. markets and distributes clinical management solutions that help hospitals and healthcare authorities reduce medication errors, increase personnel efficiency and bring down operating costs. One of its key decision support components is a core solution in the new agenda to promote greater patient safety and reduce risks due to medication errors.
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.