New Corporate Website Detailing Company's Digital Prescription Technology and Services Available Now
COLLEYVILLE, TX -- (Marketwire) -- 03/25/09 -- digiMedical Solutions, Inc.(TM)
(PINKSHEETS: DGMS), today released a Letter to Shareholders from Company
CEO David Lee. The letter provides an operational update on the Company's
proprietary digital prescription software suite and increased sales
channels. The letter is included in its entirety below.
Separately, the Company recently launched a new interactive corporate
website. The new site, www.digimedical.com, offers doctors, patients,
pharmacists and investors a clear view of the company's technology, service
offerings and current news and events. Utilizing the latest Microsoft
technologies such as .NET, AJAX and Microsoft SQL, the Company has
developed a suite of products to digitally manage the prescription process.
The company's products comply with all HIPAA and DEA requirements for
patient medical record security.
Dear Fellow Shareholders,
We recently launched our new corporate website, detailing our proprietary
digital prescription software. Now, I would like to take this opportunity
to communicate further updates on company developments over the past months
to our shareholders. In this letter, I plan to also discuss our
year-to-date progress and our plans for the remainder of 2009, taking into
perspective the global economic crisis. Though this economic environment
is remarkable, I am confident that digiMedical can not only weather the
'economic storm,' but also prosper from it. There has been a lot of news
and renewed focus on small business and its historical role in leading the
nation out of past recessions. This trend may be due to a variety of
factors, including entrepreneurial spirit, lack of dependence on
institutional financing and credit lines, the business agility that comes
with a smaller organization or the innovation you find in small business.
Operational Update
Last year, digiMedical shifted its focus to a high margin software revenue
model and, accordingly, eliminated high overhead operations. The Company
sold its 'brick and mortar' pharmacy chain to reduce the significant
overhead costs associated with that part of our business. At the same
time, the Company retained ownership of its proprietary digital
prescription management suite of software and continued to grow the
software user base, both on the prescription origination end, namely
clinics and doctors' offices, and on the prescription fulfillment end,
namely the pharmacies. Though the Company no longer owns its own
pharmacies, the company continues to roll out its software to pharmacies in
a purely software driven revenue model.