ALBUQUERQUE, N.M., May 23, 2013 /PRNewswire/ -- Net Medical
Xpress Solutions, Inc., (OTC QB: NMXS), a leader in the
telemedicine market, announced today the company has signed a
letter of intent to acquire MedTel Solutions, a telemedicine
staffing company based in Huntsville,
AL. MedTel Solutions is a physician staffing agency that
specializes in the staffing and recruitment of telemedicine
physicians. Consideration for the acquisition will be announced
upon completion of the final agreement, which is expected by
June 30, 2013.
Dick Govatski, CEO, Net Medical, said, "We are excited about the
additional capabilities our proposed acquisition of MedTel
Solutions will bring to our growing array of telemedicine services.
The new division will operate as Net Medical Xpress Staffing. This
makes Net Medical a one solution company with technology,
experience and staffing capabilities to meet any client's needs in
the telemedicine environment."
Jason Sowash, CEO of MedTel
Solutions, said, "These are exciting times for MedTel Solutions as
we will merge the capabilities of two great telemedicine companies
together. This new formation will provide Net Medical access to a
national network of physicians. In addition, MedTel will continue
to recruit not only primary care physicians, but expand its network
to all medical specialties to meet the ever growing demand for
physicians in the Telemedicine sector."
With the acquisition, Net Medical will operate four telemedicine
units including: Net Medical Xpress Solutions, Inc. providing
software development, infrastructure and networking services; Net
Medical Xpress Services, a teleradiology diagnostic service; Net
Medical Xpress Specialists, a clinical service for hospitals
needing neurologists, psychiatrists and cardiologists for
telemedicine; and Net Medical Xpress Staffing, providing
telemedicine physician recruiting and staffing.
About Net Medical Xpress
Net Medical Xpress is a
medical services company that provides clinical and diagnostic
programs using advanced telemedicine solutions for hospitals. The
company also develops FDA 510k-cleared and all-inclusive PACS
products within the preventative, comprehensive, and critical
healthcare segments. The company conducted a conference call on
May 16, 2013 to discuss its Q1 2013
financial results, business highlights and outlook. An archived
webcast of the call, which included Q&A with investors,
is available at http://www.hawkassociates.com/profile/nmxs.cfm or
http://public.viavid.com/index.php?id=104717. This call will be
archived for approximately 90 days.
For more information, visit www.netmedical.com or www.nmxs.com
or contact Dick Govatski, president and CEO, at 505-255-1999 or
ceo@nmxs.com.
An investment profile on Net Medical Xpress Solutions, Inc. may
be found at http://www.hawkassociates.com/profile/nmxs.cfm. To
receive future releases in e-mail alerts, sign up at
http://www.hawkassociates.com/about/alert.
For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888
or Dick Govatski at 505-255-1999 (ceo@nmxs.com).
This press release may contain forward-looking information
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended (the Exchange Act), including all statements that
are not statements of historical fact regarding the intent, belief
or current expectations of the company, its directors or its
officers with respect to, among other things: (i) the company's
financing plans; (ii) trends affecting the company's financial
condition or results of operations; (iii) the company's growth
strategy and operating strategy; and (iv) the declaration and
payment of dividends. The words "may," "would," "will," "expect,"
"estimate," "anticipate," "believe," "intend" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors including the risk disclosed in the
company's Forms 10-K and 10-Q filed with the SEC.
SOURCE Net Medical Xpress Solutions, Inc.
