Domark International, Inc. Executes Definitive Asset Purchase Agreement With TotalMed Systems, Inc.
ORLANDO, Fla.--(Business Wire)--
Domark International, Inc. (OTCBB: DOMK) announced today that it
has entered into a definitive asset purchase agreement with TotalMed
Systems, Inc., a supplier of medical software to hospitals and
physician groups. The agreement is subject to the completion and
delivery of standard documentation customary with this type of
transaction.
TotalMed's secure patient record management and billing software
products are designed to support the over 700,000 physicians and 5,000
hospitals in the U.S. at a cost considerably less than other
providers. This is good news for the U.S. healthcare industry that is
projected to spend in excess of $30 Billion on Healthcare Technology
in 2008 alone. TotalMed is perfectly positioned to capitalize on this
tremendous market. More information on TotalMed can be found at
www.totalmed.com .
"I am extremely pleased that TotalMed will, upon consummation of
this transaction, be a valuable addition to the Domark family. I look
forward to working with the management of TotalMed in working toward
our mutual goal of growing the business in the future," stated R.
Thomas Kidd, CEO, Domark International, Inc.
About Domark International, Inc.
Domark is traded under the symbol DOMK and is engaged in acquiring
and managing majority owned public entities and privately owned
companies in diverse industries. Currently Domark owns Javaco, Inc. as
a wholly owned subsidiary, www.javacoinc.com and owns a majority
interest in SportsQuest, Inc., (SPQS.PK), which has an investment
position in Greens Worldwide Incorporated, (GRWW.PK).
Forward-Looking Statements
The statements contained in this news release that are not purely
historical are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and Section 21E
of the Securities Exchange Act of 1934, as amended, and are intended
to be covered by the safe harbors created thereby. Forward-looking
statements deal with the Company's current plans, intentions, beliefs
and expectations. Investors are cautioned that all forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Factors that could cause or contribute to such differences
include, but are not limited to, those discussed from time to time in
reports filed by the Company with the Securities and Exchange
Commission.
Domark International, Inc.
R. Thomas Kidd, 757-572-9241
Domarkceo@yahoo.com
Copyright Business Wire 2008
