BIRMINGHAM, Ala., Dec. 24 /PRNewswire-FirstCall/ -- Emageon Inc. (Nasdaq:
EMAG) today announced that it has received a letter from Health Systems
Solutions, Inc. (OTC Bulletin Board: HSSO) indicating that Stanford
International Bank Limited (SIBL) will not provide the funding to consummate
the transaction at this time. The letter further provided that Health Systems
is continuing to seek to cause SIBL to fund the transaction and that Health
Systems is undertaking further efforts to consummate the transaction.
Commenting on the situation, Emageon Chief Executive Officer Chuck Jett
stated, 'We continue to seek to engage Health Systems and SIBL in a
constructive dialogue towards the goal of closing as soon as possible. We are
also hopeful that Health Systems will begin to take all such actions as
required under the merger agreement to remedy the failure to finance the
transaction and close promptly. Failure to remedy the financing promptly will
require us to seek all remedies to enforce our rights for the benefit of our
stockholders.'
About Emageon
Emageon provides information technology systems for hospitals, healthcare
networks and imaging facilities. Its enterprise family of solutions includes
RadSuite(TM), HeartSuite(TM) and other specialty suites. All Emageon solutions
are built on a unified Enterprise Content Management system offering advanced
visualization and infrastructure tools for the clinical analysis and
management of digital medical images, reports and associated clinical content.
Emageon's standards-based solutions are designed to help customers enhance
patient care, automate workflow, lower costs, improve productivity and provide
better service to physicians. For more information, please visit
www.emageon.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release regard matters that are
not historical facts and are forward-looking statements within the meaning of
the 'safe harbor' provisions of the Private Securities Litigation Reform Act
of 1995, as amended, including statements regarding expectations as to the
completion of the merger and other transactions contemplated by the merger
agreement, Emageon's intentions or plans to enforce its rights under the
merger agreement and the outcome of the litigation referred to in this
release. These statements are often identified by the use of forward-looking
words such as 'believe,' 'expect,' 'potential,' 'continue,' 'may,' 'will,'
'should,' 'could,' 'would,' 'intend,' 'plan,' 'estimate,' 'anticipate' and
comparable words or the negative version of these and other words.