Connectyx Retains The Wall Street Group, Inc. as Financial Public Relations Counsel
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PALM CITY, Fla.--(Business Wire)-- Connectyx Technologies Holdings Group, Inc. (Pink Sheets:CTYX), a healthcare information technology company providing web-based software solutions, products and services for businesses and consumers, and the developer of MedFlash(TM), a flash memory Personal Health Record, today announced that it has retained the financial public relations services of The Wall Street Group, Inc. Founded in 1959 and based in New York City, The Wall Street Group is the oldest firm of its kind specializing in developing investment community sponsorship for the shares of growth companies. "As we proceed with the recent launch of our proprietary MedFlash(TM) Personal Health Record device, we believe The Wall Street Group's strong communication skills and exceptional reputation within the financial community will enable Connectyx to increase investor awareness and visibility, especially among institutional investors," stated Ronn Schuman, Chief Executive Officer of Connectyx Technologies. About Connectyx Connectyx Technologies (www.connectyx.com), currently has two top tier medical product divisions that are revolutionary in each business category - MedFlash(TM) and MRN Manager(TM). Both MedFlash(TM) and MRN Manager(TM) have broad appeal in their respective markets and are in the most sought after technology growth sectors: Personal Health Records and Revenue Cycle Management. MedFlash(TM) (www.med-flash.com) is a Personal Health Record device which has no equal in the marketplace. MedFlash(TM) began as a simple 128MG flash drive with embedded software that enabled the owner to control their personal health information. MedFlash(TM) has now developed a web based portal that will enable its owners not only to store their medical history, but gives them the ability to download MRI's, X-rays, and a host of other medical and lifestyle information all on a 1 GB flash drive that can plug into any computer and or be accessed directly from the Internet. Since its launch in February 2008, MedFlash(TM) has established distribution and reseller agreements and is now being sold in the pharmacy departments of national grocery and drug store chains, including Kroger Stores, Fred Meyer, Ralph's, and Medicine Shoppe. MedFlash(TM) has the price point that appeals to all age sectors and its distribution is not limited to the retail marketplace. MedFlash(TM) is being introduced to charitable organizations for fundraising efforts, has corporate logo appeal, can be sold via physicians practices, through insurance companies, given away as a corporate benefit, valuable to the travel industry for clients leaving the U.S. and has the ability to be translated into many languages. MRN Manager(TM) (www.mrnmanager.com) is a web-based software remittance processing denial management program and service that accelerates cash collections and reduces labor cost for healthcare providers. MRN Manager(TM) incorporates a dynamic, real-time remittance processing - denial claim administrator, data warehousing and knowledge management in a user-friendly Microsoft Windows environment. With increased pressure on healthcare providers related to reduced reimbursement and increased operating cost/overhead, compliance and liability insurance, claims processing is a continuing dilemma. This is specifically related to back end denied claims. MRN Manager(TM) significantly reduces the amount of labor needed to resubmit these claims along with improving overall claim submission/denial ratio. The result is lower Days Sales Outstanding (DSO) and improved cash flow. Safe Harbor Provision This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, rules and regulations promulgated under the Act, unanticipated changes in Medicare reimbursement, outcomes of government reviews, inquiries and investigations and related litigation, continued compliance with government regulations, fluctuations in customer demand, management of rapid growth, competition from other healthcare product vendors, timing and acceptance of new product introductions, general economic conditions, geopolitical events and regulatory changes, as well as other relevant risks. The information set forth herein should be read in light of such risks. Connectyx assumes no obligation to update the information contained in this press release. Connectyx Technologies Holdings Group, Inc., Palm City Ronn Schuman, CEO, 772-600-2580 or The Wall Street Group, Inc. Ron Stabiner, 212-888-4848 Copyright Business Wire 2008
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