posted
MSSI is at the bottom right now or close to it at .034 the company will be acquiring PRN and Staff Relief Inc. the two acquisitions will likely be completed sometime this month or early april. just keep an eye out on it bewteen now and then. pps will fly after the acquisitions are complete.
MSSI-TeleScience Signs L.O.I. to Acquire Nurses PRN, LLC: Projected $20 Million Health Care Staffing Agency 12/6/2004 7:30:00 AM
VIENNA, Va., Dec 6, 2004 /PRNewswire-FirstCall via COMTEX/ -- MSSI-TeleScience International, Inc. (MSSI), a provider of long-term medical personnel, homeland security and technology services to federal, state and local governments, announced today that it has signed a letter of intent to acquire Nurses PRN, LLC, (www.nurses-prn.com) a large and rapidly growing healthcare staffing agency. Nurses PRN, LLC operates a network of 10 staffing locations in 6 states that provide medical staffing services to over 250 clients. Based in West Palm Beach, Florida, the company employs over 1,000 nurses and 25 executive, management and administrative staff. Nurses PRN has been providing supplemental nurse staffing services since June 2002. The company has grown organically since its inception, and has 2005 projected revenues of $20 million, independent of MSSI's projected revenue.
Nurses PRN's rapid growth is attributed to its use of technology to blend centralized and decentralized functions together creating a highly efficient and streamlined delivery system. This cost effective staffing model has been embraced by hospitals throughout the country, with some of the national hospital systems specifically requesting that Nurses PRN open in their markets.
Nurses PRN's newest initiative, Nurses PRN Onsite, was officially launched on December 1, 2004, with a 120-bed facility in Newnan, Georgia. Nurses PRN Onsite will manage all nurse staffing for the facility, providing a single source solution. This new program will be introduced to similar size facilities in rural and second-tier markets throughout the country.
Dr. Sahay, President and CEO of MSSI said, "Nurses PRN has perfected the healthcare staffing model, by offering state-of-the-art immediate staff placement capabilities. This is a highly attractive feature to hospitals and other healthcare facilities that seek to quickly fill open shifts, and are forced to juggle between multiple agencies to fill the staffing voids. By acquiring Nurses PRN, not only can MSSI meet the open demands of its existing government clients, but can also more smoothly expand its business in the private healthcare arena (non-government clients). This is a big move for MSSI, and sets the stage for expansion and growth plans in 2005."
"We are very excited about the growth opportunity this partnership with MSSI will create," said Robert Murphy, CEO of Nurses PRN. "We will now have the ability to accelerate the execution of our plan to expand our footprint nationally in the acute care medical staffing arena. Dr. Sahay and his team at MSSI have built a scalable infrastructure capable of supporting our growth, and taking both companies to the next level. Our cost effective delivery model, combined with MSSI's existing medical systems platform, will allow us to rapidly roll out our services to more of the nation's 6,500 hospitals."
In another development, Dr. Sahay said that the intended transaction that MSSI had to acquire Physician Informatics, Inc., d.b.a. PracticeOne, a medical software company, has been terminated.
More information about MSSI-TeleScience International, Inc. may be found at: www.telescience.com.
For MSSI-TeleScience inquiries, call 1-800-811-9499 x131 or e-mail: investmentrelations@telescience.com.
About MSSI-TeleScience
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. The company has been named as a participant in a $1 billion IDIQ (Indefinite Delivery Indefinite Quantity) contract with the Commonwealth of Pennsylvania for homeland security equipment.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company's website at www.telescience.com.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
SOURCE MSSI-Telescience International, Inc.
Reeba Magulick of MSSI-TeleScience International, Inc., +1-703-641-8890, ext. 131
MSSI-TeleScience Signs Letter of Intent to Acquire Staff Relief, Inc. 1/13/2005 7:30:24 AM
VIENNA, Va., Jan 13, 2005 /PRNewswire-FirstCall via COMTEX/ -- Dr. B.B. Sahay, President and CEO of MSSI-TeleScience International, Inc. (MSSI), a provider of long-term medical personnel, homeland security and technology services to federal, state and local governments, signed a Letter of Intent to acquire Staff Relief, Inc., a Forsyth, Georgia based nurse staffing firm.
Staff Relief, Inc. has been in operations for 15 years, and is owned and operated by Danna Spivey, a Registered Nurse of 26 years. The company provides medical professional staffing in specialty areas such as intensive care units, emergency rooms, operating rooms and post-anesthesia care units. Staff Relief's client base is primarily private healthcare facilities. The company generated over $1 million in revenue in 2004, and is expected to surpass this level in 2005.
Dr. Sahay, President and CEO of MSSI-TeleScience said, "This acquisition will further expand MSSI-TeleScience into the private healthcare arena. With the majority of our company's business generated from government clients, this acquisition will help to accomplish MSSI's business diversification objective between private and government clients. We look forward to closing the agreement with Staff Relief, Inc."
Danna Spivey, President of Staff Relief, Inc. said, "The opportunity to join the MSSI team is very exciting. By tapping into the resources of this national company, we can expand our business into many of the underserved rural hospitals throughout Georgia."
More information about MSSI-TeleScience International, Inc. may be found at: http://www.telescience.com .
For MSSI-TeleScience inquiries, call 1-800-811-9499 x125 or e-mail: investmentrelations@telescience.com.
About MSSI-TeleScience
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. The company has been named as a participant in a $1 billion IDIQ (Indefinite Delivery Indefinite Quantity) contract with the Commonwealth of Pennsylvania for homeland security equipment.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company's website at http://www.telescience.com .
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
SOURCE MSSI-TeleScience International, Inc.
MSSI-TeleScience, +1-800-811-9499 ext, 125, or investmentrelations@telescience.com
posted
This is a great stock to hold for the future, I'm gonna pick up more shares if it doesn't rise too much today.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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posted
i bought in a few days ago at .034, i freed up some cash yesterday and will be buying more today. it wouldnt suprise me at all if MSSI is at .10 by april. it ran to .098 the last time i bought in at .037 so, its definately a bargin at .034
Posts: 824 | Registered: Oct 2004
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posted
heres a reply from MSSI investor relations from another board.
The LOI's for the acquisitions that were announced are progressing as planned. One should be closing shortly and other within 30-45 days. We are required to have the 10-K released by 31 March.
Investor Relations Medical Staffing Solutions, Inc. (MSSI) Phone: 800-811-9499 Ext. 125 E-mail: investmentrelations@telescience.com
posted
volume has been up the past week or so and nearly doubled the 50-day average today. investors are anticipating news.
Posts: 824 | Registered: Oct 2004
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The LOI's for the acquisitions that were announced are progressing as planned. One should be closing shortly and other within 30-45 days. We are required to have the 10-K released by 31 March.
Investor Relations Medical Staffing Solutions, Inc. (MSSI) Phone: 800-811-9499 Ext. 125 E-mail: investmentrelations@telescience.com
Dr. B. B. Sahay founded TeleScience International, Inc. in 1987, establishing its present structure in 1992. Prior to establishing TeleScience, he held management and advisory positions with CONTEL, IBM's Satellite Business Systems, MCI, and MITRE Corporation. As a member of the GSA’s Federal Telecommunications Systems (FTS 2000) management evaluation team, he participated in awarding one of the largest civilian contracts in U.S. history to AT&T and Sprint. He has a Ph.D. in Control Systems, Science, and Engineering from Washington University, St. Louis, MO
Richard Meccarielli, Vice President, Technology Division
Richard Meccarielli served as a senior executive in the General Electric and Harris corporations, both Fortune 500 companies. He also founded Executive Advisors, LLC, in 1998, to provide business development, operations, engineering, and general management support in the IT and telecommunications arena. In addition, he has served as Managing Director of Pierce Financial Corporation, President of Wireless Network Services, and Vice President of James Martin Strategy.
Rose Zarecky, Vice President, RecruitingDirector
Rose Zarecky has over twenty years of experience in business development and healthcare, IT and professional recruitment. She worked on Capital Hill as the Director of Business Development for the National Guard of the United States. She also has over twenty years of experience with the military/ government, and is the recipient of the Air Force “Medal of Merit” for both 1994 and 1997
L. Carl Jacobsen, Corporate Secretary and Vice President, HR and Administration
L. Carl Jacobsen has a J.D. and Ph.D. He has both a legal and academic background. He oversees all administrative and human resource matters, drafts and reviews all contracts, and serves as in-house counsel for the company. Dr. Jacobsen is also the corporate secretary for TeleScience
Reeba Magulick, Assistant VP, Medical Systems Division
Reeba Magulick joined the team to lead the newly formed commercial unit within MSSI’s Medical Systems division. A proven sales and marketing executive, she has recently completed a five-year tenure at Ford Motor Company, where she was responsible for significant improvements in overall sales, market share, and profitability within her market area. Her B.S. degree is in Commerce with a Marketing concentration from the University of Virginia's McIntire School of Commerce, and her M.B.A. degree is from the University of Maryland's Robert H. Smith School of Business. Jay Wright, Corporate Secretary
CEO of MobilePro Corp., a wireless technology and services company. Previously CFO for Technical and Management Services Corporation. Previously served as CFO of Speedcom Wireless Corp. where he helped raise more than $14.5 million in equity funding and took the company public. Also served as an investment banker with Merrill Lynch and mergers and acquisitions attorney with Skadden, Arps, Slate, Meagher and Flom, LLP in New York.
posted
Tinker Air Force Base is home to the Oklahoma City Air Logistics Center. The facility supplies installation, maintenance, and support for 31 weapons systems, 10 commands, 93 Air Force bases and 46 foreign countries. They are the largest single-site employer in Oklahoma, employing more than 24,000 military and civilian personnel.
The primary mission of Tinker Air Force Base is maintenance on aircraft, including Air Force One. They also provide maintenance on engines, components and accessories. To give you some idea of the scope of operations, they have primary responsibility for almost 22,000 aircraft engines alone, with a total value of more than 31 billion dollars.
27.12.2004 13:31: MSSI-TeleScience Awarded Contract Extension at Tinker Air Force Base
Feb 2005
MSSI-TeleScience International Inc., Vienna: $6.1 million through September 2007 from the California State Department of Corrections for providing temporary nursing services at 32 correctional facilities.
This is an additional and separate award from the recently announced California Department of Corrections award to MSSI, which had a ceiling value of $50 million:
The new multiple vendor award, which provides medical staffing services for 32 correctional facilities across the state of California, has an estimated ceiling value of $50 million and is effective for three years starting October 1, 2004.
This is an example of one facility:
Grants & Contracts
APPROVE and AUTHORIZE execution of agreements between the County and the following agencies for receipt of funds and/or services:
C.57 APPROVE and AUTHORIZE the Health Services Director, or designee, to execute a contract with TeleScience International, Inc., in an amount not to exceed $55,000 to provide continuing nursing registry services at the Martinez Detention Facility for the period November 1, 2002 through October 31, 2003.
March is the month MSSI will start to show massive strength imo, we should be getting a PR on the final take over very soon.
number 1---On December 30, 2004, Medical Staffing Solutions, Inc. (the "Company") entered into a non-binding letter of intent (the "Letter of Intent") with A&T Systems, Inc. ("A&T"). Pursuant to the Letter of Intent and upon the consummation of a definitive agreement, the Company will acquire certain assets of A&T. A&T is based in Silver Spring, MD and is a Total Solutions Provider in IT Solutions, telecom, e-solutions, and professional services.
On January 5, 2005, the Company issued a press release announcing that the Company has entered into the Letter of Intent.
number 2----On December 1, 2004, Medical Staffing Solutions, Inc. (the "Company") entered into a non-binding letter of intent (the "Letter of Intent") with Nurses PRN LLC ("Nurses PRN") and the shareholders of Nurses PRN (the "Shareholders"). Pursuant to the Letter of Intent and upon the consummation of a definitive agreement, Nurses PRN will become a 100% wholly-owned subsidiary of the Company.
On July 15, 2004 the Company entered into a non-binding letter of intent to acquire Physicians Informatics, Inc., d.b.a. PracticeOne, a Virginia corporation ("PracticeOne"), operating in a similar industry. This letter of intent was terminated on December 3, 2004.
On December 6, 2004, the Company issued a press release announcing that the Company has entered into the Letter of Intent and has terminated the letter of intent with PracticeOne.
number 3---On January 11, 2005, Medical Staffing Solutions, Inc. (the "Company") entered into a non-binding letter of intent (the "Letter of Intent") with Staff Relief, Inc. ("Staff Relief") and its sole shareholder. Pursuant to the Letter of Intent and upon the consummation of a definitive agreement, the Company will purchase all of the issued and outstanding common stock of Staff Relief.
On January 13, 2005, the Company issued a press release announcing that the Company has entered into the Letter of Intent with Staff Relief.
This is for those who thought they were only working on two aquisitions. If you noticed the sequence and what type of companies it looks to me like MSSI is fixated on growing extremely large.
MSSI-TeleScience MSSI-TeleScience International Inc (Vienna, Va) has been awarded a 5-year contract from the United States Air Force Medical Logistics Agency to fulfill staffing requirements at Keesler Air Force Base (Biloxi, Miss). The contract is expected to generate more than $386 million in revenue for MSSI throughout the contract period, which includes a base year and 4 option years. MSSI’s contract work for the Air Force Medical Logistics Agency began more than 3 years ago with a medical staffing assignment through a federal program for disadvantaged businesses.
C.57 APPROVE and AUTHORIZE the Health Services Director, or designee, to execute a contract with TeleScience International, Inc., in an amount not to exceed $55,000 to provide continuing nursing registry services at the Martinez Detention Facility for the period November 1, 2002 through October 31, 2003. (Budgeted, Enterprise I Fund) (All Districts)
Awardee Telescience International, Inc., Medical Systems Division, 2230 Gallows Road, Suite 310, Vienna VA 22027-1001, Total Contract Amount with Options: $2,608,116.00 Award Amount $227,290.00
posted
also from another e-mail I sent to Nurses PRN.
I ask them the question "is your company being sought under an aquisition and did it take place yet or is it near"...heres the response and this is why I think its a done deal which should add at least $20 million in rev's to MSSI.
Dear Hank:
Thank you for your inquiry. Feel free to contact investor relations at MSSI - Rich Meccarelli - for more information.
posted
MSSI-TeleScience Receives 'Intent to Exercise Option' Notification from VA Medical Center in New Orleans, Louisiana 3/29/2005 7:30:47 AM VIENNA, Va., March 29, 2005 /PRNewswire-FirstCall via COMTEX/ -- MSSI-TeleScience International, Inc. ( MSSI ), a provider of long-term medical personnel, homeland security and technology services to federal, state and local governments, has been issued an intent to exercise option notice for providing medical registered critical care and medical/surgical psychiatric nurses to supplement the staffing at the VA Medical Center in New Orleans, Louisiana. The option to extend the contract will be for the period of April 1, 2005 through March 31, 2006. The current contract expires on March 31, 2005.
"We are pleased to get this intent to exercise option notice for a contract extension at the VA Medical Center in New Orleans, Louisiana. Our expertise in finding and attracting acute care personnel is a validation of our consistent and superior services we deliver to our clients," said Dr. B.B. Sahay, President and CEO.
MSSI-TeleScience is currently pursuing additional, similar staffing opportunities with public and private entities across the United States.
More information about MSSI-TeleScience International, Inc. may be found at: http://www.telescience.com .
For MSSI-TeleScience inquiries, call 1-800-811-9499 x125 or e-mail: investmentrelations@telescience.com.
About MSSI-TeleScience
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. The company has been named as a participant in a $1 billion IDIQ (Indefinite Delivery Indefinite Quantity) contract with the Commonwealth of Pennsylvania for homeland security equipment.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company's website at http://www.telescience.com .
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
SOURCE MSSI-TeleScience International, Inc.
MSSI-TeleScience International, Inc., +1-800-811-9499, ext. 125, or investmentrelations@telescience.com
posted
This hit a 52 week low today. Tremendous buying opportunity here IMO. I just bought some shares at this PPS.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
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quote:Originally posted by NomarKash: This hit a 52 week low today. Tremendous buying opportunity here IMO. I just bought some shares at this PPS.
a few shareholders panicked with the release of the 10k but, most knew revenues in the 4th quarter would be down. if it stays at this level early next week im doubling my curent position but, my funds dont clear till tuesday. the real news is the PRN acquisition, not the 10k. the PRN deal will bring in $20 million in annual revenue on top of MSSI's current revenue. When that deal gets signed the pps will take care of its self, till then im loading up on MSSI. ive been hearing they intended to announce the PRN deal after the 10k release. so, just gotta wait for the PRN deal for now.
Posts: 824 | Registered: Oct 2004
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posted
MSSI-TeleScience Awarded New $1.6 Million 5-Year Contract for Radiology Services 4/5/2005 7:01:28 AM VIENNA, Va., April 5, 2005 /PRNewswire-FirstCall via COMTEX/ -- MSSI-TeleScience International, Inc. ( MSSI ), a provider of long-term medical personnel, homeland security and technology services to federal, state and local governments, announced a new contract award for radiology services at Patrick Air Force Base, Florida.
The company placed a competitive bid for the contract on March 11, 2005 and received official award notification last week.
The contract, which is an exclusive award to MSSI-TeleScience, is valued at over $1.6 million and calls for radiologist staffing services through year 2009. This award was won on a competitive basis and represents new business for the company.
Dr. Sahay, President and CEO of MSSI-TeleScience said, "Patrick Air Force Base has been a customer of MSSI-TeleScience for five years, for a variety of staffing requirements. Our company currently has additional bids outstanding at Patrick and is expecting additional award notifications at the site."
More information about MSSI-TeleScience International, Inc. may be found at: http://www.telescience.com .
For MSSI-TeleScience inquiries, call 1-800-811-9499 x131 or e-mail: investmentrelations@telescience.com .
About MSSI-TeleScience
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. The company has been named as a participant in a $1 billion IDIQ (Indefinite Delivery Indefinite Quantity) contract with the Commonwealth of Pennsylvania for homeland security equipment.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company's website at http://www.telescience.com .
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
SOURCE MSSI-TeleScience International, Inc.
MSSI-TeleScience, +1-800-811-9499, ext. 131, or investmentrelations@telescience.com
posted
California Hospitals Scramble to Meet New Nurse Ratio By ROBERT JABLON, AP
LOS ANGELES (April 5) - California hospitals are struggling to meet a new, first-in-the-nation requirement that they have one nurse on duty for every five patients at all times, and officials say most institutions are falling short.
Some hospitals have tried to close the gap by hiring nurses from outside agencies and making staffers work more hours. Others are closing beds or keeping people longer in the emergency room to prevent other parts of the hospital from becoming overcrowded.
The new requirement comes amid a severe nationwide shortage of nurses.
''Even if money came down from heaven and paid for all of the extra costs, you still can't find the nurses,'' said Jan Emerson, a spokeswoman for the California Hospital Association.
Several states have minimum staffing levels for certain hospital wards, such as intensive care. California is the only state to establish mandatory levels in all areas, said Ken August, spokesman for the California Department of Health Services.
The law, backed by California's biggest nurses union and signed by then-Gov. Gray Davis in 1999, said hospitals must adhere to a staffing level set by the Department of Health Services. DHS then decided on a 1-to-6 ratio beginning in 2004 - a rule that took effect with similar difficulty - and 1-to-5 starting in January 2005.
Gov. Arnold Schwarzenegger tried to have the 1-to-5 requirement delayed for three years. But a judge ruled against him in March, and DHS notified the state's nearly 400 public and private medical centers that they must immediately comply.
The 60,000-member California Nurses Association said the ratio will make hospitals safer.
Mary Bailey, a nurse in a diabetic ward at Long Beach Memorial Medical Center, said that years ago, some nurses had to handle 10 patients at a time.
''Those were the crying days - when it gets so overwhelming that you go home crying,'' she said. ''We're not chopping broccoli. These are people's lives here, and there's nothing worse than going home and saying, 'I didn't pick up on that symptom.'''
But hospitals complain that it is virtually impossible to obey the law around the clock, when, say, a nurse takes a coffee break, or a ward is suddenly swamped with patients.
John Wallace, a spokesman for the Los Angeles County Department of Health Services, said county hospitals are closing beds when necessary and spending millions to hire nurses from outside agencies.
At Methodist Hospital of Sacramento, more patients are being held in the ER - though not just because of the staffing new requirement, said Holly Worley, an emergency room nurse.
''There just aren't enough RNs, period, and that was happening way before we had nursing ratios,'' she said.
The nurses union has accused hospitals of exaggerating the difficulty in finding nurses. And Bailey said her hospital has had little trouble meeting the requirement, whether through overtime, reassigning of nurses to the overnight shift, or having a nurse take a paid ''working lunch'' in a room within earshot of her patients.
The state law carries no fines or other punishments for violating the new ratio. DHS can shut down a hospital that poses an immediate and serious threat to patient safety, but that is rare. One complaint has been filed, officials said last week.
Critics of the ratio argue that California's hospitals need to find as many as 4,000 new nurses, at a cost in salary and benefits that Jim Lott of the Hospital Council of Southern California put at $400 million a year.
quote:Originally posted by NomarKash: How is this getting hammered?
this morning on my level II's before the opening bell there were 5 MM's on the ask at .028 and the next MM's ask was .03 looked to be a reversal in trend. my quote list shows a high of .028 for the day. but im holding for the PRN deal anyway.
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The company is diluting like crazy and it will continue to go down until they stop selling shares. IMO
Posts: 5120 | Registered: Jun 2004
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posted
MSSI has 136 million O/S as of 3/16/05. 47 million of the O/S is owned by Dr. Sahay, the CEO of MSSI. so, that leaves 89 million shares. Dr. Sahay acquired 17 million of those shares on 1/12/05 at .05 a share and hasn't sold one share. so, apparently he believes MSSI is worth more than .05 a share.
posted
actually alot of the people who hold shares inside mssi pmost of them paid like 30c.pps!and according to a reliable source there not worried!the dilution is part of the acquisitions you dont think there for free do ya?still have approx 35 -45 more contracts there bidding on with a high sucess rate.also dont let the 10k fool ya just shaking lose weak holders.they know this is going to be mssi"s breakout year.people were saying same when it was at .028 (before the run).
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
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posted
This looks prime to run. I really like the looks of the charts. Like to see RSI drop below 28 but not necessary. Like to see a gravestone doji or inverted hammer tomorrow. But this is in my watch list for sure. I believe it will run next week.
Ric
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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posted
once they announce aquisitons( target date before end of april).shes goin where she hasnt been in awhile to the moon ,ALICE TO THE MOON!
-------------------- WHADDYA MEAN I CAN BE PRESIDENT OF THE USA.ITS STILL WE THE PEOPLE.RIGHT? Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
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posted
MSSI is my only long term hold in pennyland, its very under valued, simular companies trade above $6 or $7 a share. so, i think its very possible for MSSI to trade at .30 or .40 in the future. they bring in about $7 million in revenue a year and the PRN deal would put it closer to $30 million a year. and they also have several other bids for new contracts.
Posts: 824 | Registered: Oct 2004
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posted
MSSI-TeleScience CEO Comments on 2004 Achievements and Outlook for the New Year 1/3/2005 7:47:27 AM
VIENNA, Va., Jan 03, 2005 /PRNewswire-FirstCall via COMTEX/ -- Dr. B.B. Sahay, President and CEO of MSSI-TeleScience International, Inc. (MSSI), a provider of long-term medical personnel, homeland security and technology services to federal, state and local governments, commented on the company achievements in 2004 and the outlook for 2005.
"Year 2004 was the most dynamic in the company's twelve year history," said Dr. B.B. Sahay. "We have grown from a privately-held government contracting firm focused on the public sector, to a publicly traded company poised for accelerated growth through mergers, acquisitions, strategic alliances, and dynamic internal growth in both public and private sectors. We stand at the forefront of a new era for MSSI."
In nearly a year since the company went public, MSSI-TeleScience has announced a stream of new business including contract wins, extensions/ renewals, and new projects won through distinct strategic alliances with its business partners.
The major achievements for MSSI this year include: -- Renewal of a $1 billion Indefinite Delivery Indefinite Quantity (IDIQ) contract with the Commonwealth of Pennsylvania for homeland security products -- Multiple vendor nursing staffing contract from the California Department of Corrections: $50 million ceiling -- Multiple vendor Nurse Practitioners contract from the California Department of Corrections: $6 million ceiling -- Contract extensions with Air Force Base Clients -- Fairchild Air Force Base -- Patrick Air Force Base -- Kirtland Air Force Base -- Tinker Air Force Base -- Establishment of a $15 million equity financing commitment to grow business through merger and acquisitions -- Formation of major strategic alliances and subcontracting relationships -- USA FutureTech, Inc. -- Com-Vet Medical Technologies, LLC -- Win of $2.5M contract through subcontracting relationship with Com-Vet Medical Technologies, LLC at Winn Army Community Hospital for Physician Assistant services in Fort Stewart, Georgia. -- Letter of Intent signed to acquire Nurses PRN, LLC -- $20M projected 2005 revenue, independent of MSSI projected revenue -- Places MSSI-TeleScience directly in private healthcare staffing arena -- Diversifies MSSI's client base between government and private industry clients Future Opportunities: -- MSSI-TeleScience has over $40 million of contract bids in the pipeline and is awaiting results -- A number of potential acquisitions candidates are being reviewed for 2005
More information about MSSI-TeleScience International, Inc. may be found at: www.telescience.com.
For MSSI-TeleScience inquiries, call 1-800-811-9499 x131 or e-mail: investmentrelations@telescience.com.
About MSSI-TeleScience
In operation since 1992, MSSI-TeleScience International, Inc. is a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies and to the private sector. The company's Medical Services Division has operations in 22 states servicing hospital and medical facilities with a complete range of medical staff, including doctors, nurses and technicians. The company holds multiple long-term contracts, including those with the U.S. Army, the U.S. Department of Health and Human Services and the state of California.
The company's Technology Division provides systems integration and information technology services to the federal government, as well as emergency equipment, decontamination products, vehicles and supplies to state and local governments. The company has been named as a participant in a $1 billion IDIQ (Indefinite Delivery Indefinite Quantity) contract with the Commonwealth of Pennsylvania for homeland security equipment.
MSSI-TeleScience International currently has over 200 employees and continues to grow its staff and contracts. For more information, visit the company's website at www.telescience.com.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. MSSI-TeleScience disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand, market acceptance of our services and changes in our business strategies.
SOURCE MSSI-TeleScience International, Inc.
Reeba Magulick of MSSI-TeleScience International, Inc., +1-703-641-8890, ext. 131
posted
i bought at .037 in mid-november and sold at .08 on the run to .098 in late november. i left it on my quote list since then and have waited months for it to go back down to these levels. i bought back in a month ago, im averaged in at .029 and im buying more if it stays at this price next week. MSSI has been shorted like hell the past few weeks but, im taking advantage of the low prices. but yes thier IR department is very poor but, they are a reporting company and cant give out inside information till all investors are informed. as for the PRN deal, heres a response from PRN i got on 4/6/05.
Thanks for your note, please contact Rich Meccarelli at MSSI Investor relations for information.
Linda Romano -------------------------------------------------- Hi, I heard Nurses PRN is being aquired by MSSI TeleScience International, is this true? I would really appreciate a response. Thank You
[ April 08, 2005, 11:16: Message edited by: roadrunnerv8383 ]
Posts: 824 | Registered: Oct 2004
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