Wednesday April 7, 9:35 am Eastern Time
Company Press Release
SIMS Introduces PC Version of MedCard System
MedCard System Will Link to SIMS' Healthcare Internet Portal
IRVINE, Calif.--(BUSINESS WIRE)--April 7, 1999
SIMS Communications, Inc. (Nasdaq:SIMSC - news) announced today that the Company
is shipping a PC software version of its reputed MedCard System for
healthcare claims processing and benefits verification.
The MedCard System, a completely paperless system, electronically
processes 100% third-party insurance billings at the healthcare
``The PC version of the MedCard System is an excellent product,''
stated Dr. Joseph Bonavoglia of Queens, New York. ``It is intuitive and
extremely easy to use. And, it fulfills its promise of providing a
completely paperless billing operation. I am very impressed.''
``SIMS' long-term strategy has been is to become the leading
content provider for healthcare on the Internet. We aim to be the
Yahoo! (Nasdaq:YHOO - news) of healthcare portals. This announcement adds
the third major component to reaching this goal,'' stated Mark E.
Bennett, SIMS President and Chief Executive Officer. ``In January, we
announced the development of an Internet electronic commerce system
from which consumers will be able to order over 5,000 Bergen Brunswig
Corporation (NYSE:BBC - news) home medical equipment products on the
Internet. In February, we announced the development and launch of our
Internet Web Portal for healthcare information. Today, we announce
that the PC version of our MedCard System will be linked to the
Internet through our portal. By so doing, SIMS' healthcare portal
becomes the foundation from which all healthcare activities begin and
end. Using our web portal as a gateway, hospitals and healthcare
providers soon will be able to access medical benefits verification
and eligibility data online, perform paperless third-party billing,
order home medical equipment for their patients and research medical
``Consumers, using SIMS' Internet healthcare web portal as a
healthcare gateway, also will have access to healthcare chat rooms,
healthcare content providers, electronic commerce sites, yellow pages
and medical research. In other words, from this totally integrated
healthcare environment, our web portal will provide content-rich,
single-source access to healthcare information for both healthcare
providers and consumers. SIMS' revenues come from MedCard's service
fees, HME product sales, portal linkage fees and advertising.''
SIMS is currently researching and evaluating potential
relationships with turnkey web portal solution providers such as
Today.com (OTC BB:TODY) and Infospace.com (Nasdaq:INSP - news).
InfoSpace.com is a leading provider of private label solutions
for content and commerce to web sites and Internet appliances.
InfoSpace.com's affiliate network consists of more than 1,500 Web
sites. The company's affiliates include AOL (NYSE:AOL - news), Netscape
(Nasdaq:NSCP - news), Microsoft (Nasdaq:MSFT - news), Lycos (Nasdaq:LCOS - news), go2net
Inc.'s (Nasdaq: GNET - news) MetaCrawler, Dow Jones (The Wall Street Journal
Interactive Edition), ABC LocalNet and CBS's affiliated TV stations.
In addition, InfoSpace.com has agreements with a number of providers
of Internet access devices including PCs by Acer America and The Pixel
Company (for Packard Bell NEC), cellular phones by AT&T Wireless and
UnWired Planet, pagers by WolfeTech (Motorola - (NYSE:MOT - news)), screen
phones by InfoGear, Mitel, Mitsui (Nasdaq:MITSY - news) and Lucent,
television set-top boxes by American Interactive Media, @Home
(Nasdaq:ATHM - news), Lucent (NYSE:LU - news), On Command, Planetweb and Source
Media, online kiosks by King kiosk platform and Lexitech kiosk
platform, and personal digital assistants by AT&T Wireless, InfoGear
and Unwired Planet.
SIMS Communications provides low cost, turnkey, transaction
processing solutions to service providers and retailers. Its products
include medical insurance verification, medical billing, prepaid phone
card activations, customer affinity programs, financial transaction
processing using credit cards and ATM/Debit cards and customized
associated vertical market applications.
This release contains forward-looking statements that are subject
to risks and uncertainties, including but not limited to, the impact
of competitive products and pricing, product demand and market
acceptance, reliance on key strategic alliances, fluctuations in
operating results and other risks detailed from time to time in the
Company's filings with the Securities and Exchange Commission.
Continental Capital & Equity Corp., Longwood, Fla.
Dodi B. Zirkle, 407/682-2001
Matthew Marcus, 949/442-8919
Newsbit furnished by:
A: NetShift Software Ltd.
A: Hughenden Yard, Marlborough, Wilts,SN8 1LT, UK
T: +44 (0)1672 511 094
F: +44 (0)1672 511 078
E: [email protected]