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Medify Solutions Ltd. (Pink Sheets: MFYS) Announces Latest Business Developments With Oracle and Revenues

Geschrieben am 26.07.2006 - [Nächster Artikel]

Gateshead, England (ots/PRNewswire) - Remote Technology Company
Medify Solutions (Pink Sheets: MFYS) is delighted to announce its
expansion into the European market with Oracle as business partner,
the world's largest enterprise software company. Following the
positive collaborative achievements of Medify with Oracle on the NHS
project, Oracle will support Medify Solutions Ltd in its European
expansion.

Medify is going live as announced to its NHS customers on the 1st
of September 2006. There are approximately 1.4m NHS employees and
circa 500 000 healthcare professionals working for the NHS.

The first roll out site is for approximately 2500 users (US85 per
customer per month for two years with an expected revenue stream of
US5.1m).

The company will float its European subsidiary on the Frankfurt
Exchange, the announcement to follow shortly. This expansion is
supported, as announced by Oracle, the world's largest enterprise
software company.

Medify does have an exclusive contract with EMIS to provide its
technology to EMIS users. Currently EMIS supplies its service to 60%
of the NHS UK primary care market (circa 150 000 healthcare
professionals).

Medify has commercial activities in place in the European market
justifying the impending floatation.

Medify Press Office: press@medifysolutions.com

Company Website: www.medifysolutions.com

This press release was constructed in conjunction with
StockTargets Inc. http://www.stocktargets.com

This news release contains forward-looking statements that are
subject to certain risks and uncertainties that may cause actual
results to differ materially from those projected on the basis of
such forward-looking statements. The words "estimate," "project,"
"intends," "expects," "believes," and similar expressions are
intended to identify forward-looking statements. Such
forward-looking statements are made based on management's beliefs,
as well as assumptions made by, and information currently available
to, management pursuant to the "safe-harbour" provisions of the
Private Securities Litigation Reform Act of 1995. For a more
complete description of these and other risk factors that may affect
the future performance of Medify Solutions Limited, see "Risk
Factors" in the Company's Annual Report on Form 10-KSB and its other
filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date made and the Company
undertakes no obligation to disclose any revision to these
forward-looking statements to reflect events or circumstances after
the date made or to reflect the occurrence of unanticipated events.

ots Originaltext: Medify Solutions Ltd.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
For further information: Jonathan Bryant, Group Chairman, Medify
Solutions, Tel: +44-(0)-845-034-4090, Fax: +44-(0)-1785-214474,
jbryant@medifysolutions.com/
 
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