MAESA Inc. Announces Subsidiary Monitrx … And Fujitsu; Poised To Revolutionize Home Health Care Industry
LARKSPUR, Calif. — July 11, 1996 — MAESA Inc., (MGMTF) subsidiary MONITRx Corporation, the developer of a revolutionary patent software program for automating the collection of home health care industry data, has announced that they are in final negotiations with Fujitsu Personal Systems, Inc. to provide the hardware for their CADI Home Health Care Charting System.
Employing cutting edge technology, this new system will fully automate the tedious paper based documentation that home health care providers must now fill out by hand, often duplicating the same information for the 12 government agencies which regulate the home health care industry and insurance payers.
This new paperless system will employ a "pen-based" touch screen interface produced by Fujitsu. The CADI Device is Microsoft Windows '95 based and can provide both small and large home health care firms with the means to communicate via modem from virtually anywhere using an "intranet" created by a subsidiary of XECOM Corporation (XECM).
"The potential for this company is unlimited," states the firm's CEO, Anthony D. Begando. Begando estimates that if his firm captures five tenths of one percent (.05%) market share of the 272 million home health care visits which take place annually, MONITRx will generate revenues of $5.1 million with net earnings of million in the first year. Currently only 0.0l% of these visits are "automated" in some fashion. MONITRx "test marketed" their product with a 00 million home health care provider during the month of June and determined that their system could generate a conservative 30% increase in net earnings after labor and CADI System costs, verifying previous tests of the system.
The MONITRx CADI System is scheduled for general market release in early October 1996.
CONTACT:
Greg Marshall, Financial Internet Group, 619-770-7133