MONTREAL, March 29, 2005 (PRIMEZONE) -- CNC (Pink Sheets:CNCW) announces the creation of a subsidiary dedicated to the marketing, sales and support for its Pyramid software. The subsidiary has been named PyraSolutions Management Inc.
With the successful installations to-date, CNC has received several requests from other hospitals for presentations and submissions. PyraSolutions has been setting up these various presentations and is forecasting multi-million dollar software contracts over the next twelve months. In addition, the Company is starting to conduct interviews with experienced support staff to assist in the increased volume of new installations and on-going support and training.
In April, PyraSolutions plans a major event, by invitation only, to several other interested customers. This event is intended to demonstrate the plug-and-play nature of its software solution and the instantaneous case-costing reports which these hospital customers increasingly require to more efficiently manage their budgets.
Pyramid is a powerful case cost-management and decision-support software solution that allows healthcare administrators to track and fully evaluate the detailed direct and indirect costs of clinical and medical activities within and between their institutions.
PyraSolutions Management Inc. is a holding of Central Network Communications, Inc., a public company listed on the OTC Other market under the ticker symbol CNCW. For more information, visit www.cncinc.ca. CNC's Safe Harbour Statement
Except for any historic information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, which are subject to section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, and are subject to safe harbor created by these sections. Any statements that express or involve discussions with respect to predictions, beliefs, plans, projections, objectives, goals, assumptions of future events or performances are not statements of historical fact and may be "forward looking statements". Forward looking statements in this release may be identified through the use of such words as "expects", "anticipates", "estimates", "believes", or statements indicating certain actions "may", "could", or "might" occur. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to market its products and services in a competitive environment as well as other factors.