latest news releases from the newsroom
Amersin Life Sciences Corp.
Amersin Notifies Chinese Joint Venture That it Will Not be Providing Additional Funds
NEW YORK, Sept. 15, 2005 (PRIMEZONE) -- Amersin Life Science Corporation (OTCBB:AMLS) Chief Executive Officer, H.Y. (Reid) Li, announced that the company notified the minority partners in its Hubei Tongji Benda Ebei Pharmaceutical Co. Ltd. joint venture in Hubei Province China today, that it did not believe it would be in the best interest of its shareholders to advance additional funds to complete acquisition of its interest or to provide additional working capital. It is anticipated that discussions and negotiations will take place over the next several weeks which may lead to the company holding a minority position in the Joint Venture, selling its interest in the joint venture back to the vendors (a company controlled by the minority partners) or other outcome which is not yet determined. Additional information will be made available once a definitive agreement has been determined.
Trinity Health's Adoption of Health Care IT Shown to Improve Savings and Quality
NOVI, Mich, Sept. 15, 2005 (PRIMEZONE) -- The U.S. health care system could save lives as well as $162 billion annually with widespread use of health care information technology (HIT), according to a two-year study by the RAND Corporation released September 14, 2005. The study is the first of its kind to project both the savings and health benefits that could result from nation-wide adoption of HIT.