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| June 9, 2000 Thank you Mark Speros for further corrections, and I have received enough e-mail from others with substantiated information from other organizations to add one more to this list: MetroLease. 33 Leasing Companies with Problems the last Six Months: Bankvest
(bankrupt) Sierra
Cities formerly known as First Sierra. On Friday, closing: Down 4.8% to 3 7/8 The chart itself gives a history of not only First Sierra, but what is happening the securitationz market, which does not speak well of of industry to investors. In yesterday's Leasing News, I mention that lessors and brokers need to get their head out of the sand...get web sites, web software like Centerpoint 2.0, and remember what Sanchel Paige said, "Don't look back, because they will be gaining upon you." And more and more vendors are going "on line" and more and more customers are going "on line." Where will you be? Still riding the train? Here again is more news about new entries on the World Wide Web in Leasing: e-MedSoft.Com about to launch "Portal Financing" to physicians, doctors, hospitals, suppliers, including an "instant lease" program. This not only tied to accounts receivable, supplies, but leasing--- full story *****1 Story #1 e-MedSoft.com Completes Phase I of NCFE Master Portal First Money Distribution Network in Use and Scheduled for Nationwide Launch July 1, 2000 JACKSONVILLE BEACH, Fla., and DUBLIN, Ohio--(BUSINESS WIRE)-- June 8, 2000--e-MedSoft.com (AMEX:MED) and National Century Financial Enterprises Inc. ("NCFE") today announced that e-MedSoft.com has completed Phase I of the NCFE/e-MedSoft.com Master Portal and has implemented its first customers using the revolutionary accounts receivable and customer reporting functionality of the portal. This is part of the phase-in testing that will culminate in the nationwide launch of the fully functional Master Portal scheduled for July 1, 2000. For the first time, health-care providers will be able to gain electronic access, through the Master Portal, to the network of business and financial resources of NCFE and e-MedSoft.com. The suite of services available July 1 to Master Portal customers includes: *T NCFE
Services e-MedSoft.com Services This groundbreaking capability streamlines both new customers' access and the ongoing business/financial transactions of existing customers. For the first time, customers can access, with pinpoint specificity, specific information regarding patients, physicians, payors and/or providers, billings and accounts receivable -- from diagnosis to "superbill" performance particulars, for business management purposes. These capabilities, together with the e-MedSoft-offered Medical Business Applications, create for the companies a Web-based, comprehensive "money" distribution network where clients -- from hospitals and clinics to home health agencies -- can access funding or payment for their claims in a totally electronic environment. This powerful new portal makes these crucial business resources accessible to a far broader health-care customer constituency than was ever previously possible. "We are impressed with e-MedSoft's commitment to NCFE in completing this implementation ahead of schedule. With this inaugural client implementation, we are beginning to demonstrate the substantial impact this initiative will have on our core businesses and eagerly anticipate the mutual success to be enjoyed by both companies upon the mass rollout," stated Lance K. Poulsen, chairman of NCFE. John F. Andrews, e-MedSoft.com chairman and chief executive officer, commented, "This implementation will continue to enhance NCFE's position and stature in the industry." About NCFE With headquarters in Dublin, National Century Financial Enterprises Inc. has raised in excess of $1 billion through its securitized programs during 1999 and is the country's largest provider of health-care accounts receivable financing via securitization. Since 1994, the firm has raised in excess of $6 billion through a myriad of programs within the health-care industry. In addition to its Dublin headquarters, NCFE has offices in Scottsdale, Ariz.; Durham, N.C.; and Port Charlotte, Fla. The firm currently employs more than 230 people. About e-MedSoft.com e-MedSoft.com, with its core medical software product, is leading a transition in the medical industry, as it is the first subscription-based health-care management system available for delivery through the Internet. Users of the software are charged a small up-front installation fee, and an ongoing subscription fee based on transaction volume. The medical software is a complete health-care management system. Through the Internet and its Java-based integrator, which utilizes Sun Microsystems Inc.'s Java technology, e-MedSoft.com's software facilitates communication across diverse platforms and languages in unlimited capacity, allowing for the interlink of doctors, hospitals, clinics, HMOs, insurance companies, financiers and government agencies. The ease and low cost with which it can be implemented; its Internet-based ASP model, which reduces the need to build internal IT infrastructures; and its ability to allow for the exchange of information across diverse platforms and systems bode well for its widespread adoption by the medical community. e-MedSoft.com also operates the e-Net Technology group of companies, which includes e-Net Systems Ltd. (formerly Relay Business Systems Ltd.), IFA Systems Ltd. and e-Net Software. The e-Net group focuses on removing the complexity of Web-enabling business processes by providing a complete range of Internet Managed Services and Information Technology solutions, and by utilizing strategic partners Sun Microsystems, Oracle Corp. and Cisco Systems Ltd. e-MedSoft.com's products are built on the foundations of speed, ease of use, security, scalability and resilience. For more information, see http://www.sierracities.com/stock_chart.asp, and http://www.magnumfinancial.com/. Statements in this news release that relate to management's expectations, intentions or beliefs concerning future plans, expectations, events and performance are "forward looking" within the meaning of the federal securities laws. These forward-looking statements include assumptions, beliefs and opinions relating to the company's business and growth strategy based upon management's interpretation and analysis of its own contractual and legal rights, of management's ability to satisfy industry and consumer needs with its technologies, of health-care industry trends, and of management's ability to successfully develop, implement, market and/or sell its network transaction processing services, software programs, clinical and financial transaction services, and e-commerce systems to its clientele. Management's forward-looking statements further assume that the company will be able to successfully develop and execute on its strategic relationships. Many known and unknown risks, uncertainties and other factors, including general economic conditions and risk factors detailed from time to time in news releases and the company's filings with the Securities and Exchange Commission, may cause these forward-looking statements to be incorrect in whole or in part. The company expressly disclaims any intent or obligation to update any forward-looking statements. Actual results or events could differ materially from those anticipated in the forward-looking statements due to a variety of factors set out above, including, without limitation, acceptance by customers of the company's products, changing technology, competition in the health-care market, government regulation of health care, the company's limited operating history, general economic conditions, availability of capital and other factors. Note to Editors: Java and 100% Pure Java are trademarks of Sun Microsystems Inc. in the United States and other countries. All other trademarks, tradenames, registered trademarks or registered tradenames are the property of their respective holders. --30--mtb/la* rws/la CONTACT: For e-MedSoft.com Magnum Financial Group LLC, Los Angeles Michael
Manahan/Jeff Yu, mike@magnumfinancial.com Jill
Fazekas, |
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