UPLAND, Calif., Feb. 15, 2005 (PRIMEZONE) -- Healthcare Business Services, Inc. (OTCBB:HBSV), a full-service medical billing services and practice management solutions company and operator of surgery centers, announced today that it has retained OTC Financial Network, a division of National Financial Communications Corp., to implement a comprehensive investor relations program.
Geoffrey Eiten, president of National Financial Communications Corporation, stated, "Healthcare Business Services Group provides traditional, customized billing services and support to physicians, medical providers and healthcare facilities across the United States. The Company has a 15-year proven track record of providing efficient and comprehensive services to medical centers."
Eiten continued, "Additionally, the Company recently received project approval from the City of Upland, California to begin developing a surgery center. These centers will provide surgeons community-based, low-cost options to perform procedures. Each surgery center will provide a new asset base for the Company, with minimal cash outlay, through new revenue streams from procedures performed at the facility in addition to Healthcare Business Services Group core medical billing and practice management client base."
Chendana Basu, Healthcare Business Centers' Chief Executive Officer, stated, "We have searched for an investor relations firm to improve our shareholder communications and overall visibility. OTC Financial Network was selected for their expertise in representing micro-cap, high-growth companies. Through this partnership, we will implement an investor relations program designed to expand our North American base of institutional and retail investors."
About OTC Financial Network
OTC Financial Network, a division of National Financial Communications Corp. (www.nationalfc.com) based in Needham, Massachusetts, is a full-service financial communications and investor relations firm that specializes in micro-cap companies. The Company's proactive campaigns are custom designed to strengthen each client's presence in the investment community by disseminating breaking news and fundamental positions to spheres of influence: building upon the client's existing shareholder base: and soliciting institutional coverage. For more information, visit http://www.otcfn.com.
About Healthcare Business Services Group, Inc.
Healthcare Business Services Groups, Inc. is a provider full-service medical billing services and solutions and operator of surgery centers. The company provides traditional, customized medical billing services and support to physicians, providers, and healthcare facilities across the nation. In addition to its core medical billing services, HBSGI offers a comprehensive, full-service medical billing software product, AutoMed, Inc., that is the only fully automated product on the market. HBSGI also plans to develop and operate surgical centers in the primary geographic markets it provides medical billing services to provide a full-service, low cost surgical center option to physicians and providers. HBSGI has completed architectural and engineering plans for its first surgical center, has retained a general contractor, and acquired the financing to being development.
OTC Financial Network serves as special advisor to Healthcare Business Services Groups, Inc. and has received fees for services, including a monthly base of five thousand dollars, paid in cash. This is not an offer to buy or sell securities. Information or opinions in this release are presented solely for informative purposes, and are not intended nor should they be construed as investment advice. Full disclaimer information can be found online at http://www.otcfn.com/dmsi/disclaim.html
Forward-Looking Statements
A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbour provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties, many of which are beyond the control of the management of Dermisonics, including but not limited to: competitive market conditions, successful integration of acquisitions, reliance on key markets, suppliers and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions as well as the ability to secure additional sources of financing. Forward-looking statements by their nature involve substantial risks and uncertainties. Actual results achieved by Dermisonics may differ materially depending on many factors, including those described above.