Quality Systems, Inc. Winner of Four International Business Awards
Quality Systems, Inc. Winner of Four International Business Awards
Company and CEO Recognized in Prestigious Worldwide Competition
Quality Systems, Inc. (NASDAQ: QSII) announced today it was recognized as a winner in four categories of the International Business Awards, a program honoring companies and employees around the world for their business contributions. Quality Systems received the following awards in the competition:
- Company of the Year in the Computer Services category
- Chief Executive Officer Steven T. Plochocki was named IT Executive of the Year
- One of its videos won in the Video & Film Awards Category under sales: technology; and,
- It earned top rank in the People’s Choice Awards for favorite computer services company.
The International Business Awards are the only global, all-encompassing business awards program honoring great performances in business. All organizations from around the globe were eligible to submit entries including those that are public and private, for-profit and non-profit, large and small. More than 3,000 entries from 50 nations were submitted for consideration across more than 40 categories for this year’s competition. Organizations and individuals representing 35 countries were named winners in the competition.
The awards were presented at a gala event on Tuesday, October 11, 2011 at the Emirates Palace Hotel in Abu Dhabi, United Arab Emirates.
“Quality Systems and its management team have been acknowledged on many levels across various awards programs during the past several years but we consider this to be a very significant recognition. In the International Business Awards competition, we were pitted against some of the world’s leading organizations, and to emerge a winner in four categories while in the company of so many prestigious entities is truly an achievement for Quality Systems and a real testament to our hard-working team,” noted Plochocki.
“We are very gratified to be honored with these International Business Awards and appreciate that the judges recognized our growing organization and its place within the healthcare IT sector. Quality Systems Chairman and Founder Sheldon Razin proudly accepted these awards on behalf of the Company while in attendance at the ceremony in Abu Dhabi. Accepting these awards from across the world and reflecting on how far the Company has come since he founded it back in 1973, was truly a monumental experience for both him and our entire organization,” Plochocki concluded.
Business professionals around the world participated in preliminary judging during May through July 2011. In total, 200 executives from around the world participated in the judging process.
About the Stevie Awards and The International Business Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. To learn more about the Stevie Awards, visit http://www.stevieawards.com/.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future (including, without limitation, statements concerning revenue and net income), are forward-looking statements within the meaning of these laws and involve a number of risks and uncertainties. Management believes that these forward looking statements are reasonable and are based on reasonable assumptions and forecasts, however, undue reliance should not be placed on such statements that speak only as of the date hereof. Moreover, these forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; seasonal patterns of sales and customer buying behavior; impact of incentive payments under The American Recovery and Reinvestment Act on sales and the ability of the Company to meet continued certification requirements; the development by competitors of new or superior technologies; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; undetected errors or bugs in software; product liability; changing economic, political or regulatory influences in the health-care industry; changes in product-pricing policies; availability of third-party products and components; competitive pressures including product offerings, pricing and promotional activities; the Company's ability or inability to attract and retain qualified personnel; possible regulation of the Company's software by the U.S. Food and Drug Administration; uncertainties concerning threatened, pending and new litigation against the Company including related professional services fees; uncertainties concerning the amount and timing of professional fees incurred by the Company generally; changes of accounting estimates and assumptions used to prepare the prior periods' financial statements; general economic conditions; and the risk factors detailed from time to time in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission. A significant portion of the Company's quarterly sales of software product licenses and computer hardware is concluded in the last month of the fiscal quarter, generally with a concentration of such revenues earned in the final ten business days of that month. Due to these and other factors, the Company's revenues and operating results are very difficult to forecast. A major portion of the Company's costs and expenses, such as personnel and facilities, are of a fixed nature and, accordingly, a shortfall or decline in quarterly and/or annual revenues typically results in lower profitability or losses. As a result, comparison of the Company's period-to-period financial performance is not necessarily meaningful and should not be relied upon as an indicator of future performance. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
Quality Systems, Inc.
Susan J. Lewis, 303-804-0494
slewis@qsii.com


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