MIAMI, Fla., March 2, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: ProMana Solutions Inc. (Pink Sheets:PSLU), Elan Corp., (NYSE:ELN), Intel Corporation (Nasdaq:INTC) and JDS Uniphase Corporation (Nasdaq:JDSU).
ProMana Solutions Inc. (Pink Sheets:PSLU) issued a press release that may get investor's attention. Late yesterday afternoon, the company, a provider of end-to-end Intranet based software solutions for business work flow and human resource management, announced that it has signed G.C. Management, Inc., a developer of residential care facilities and low to middle income senior housing facilities, as a reseller of the ProMana Solution. Before the news was released, the company's stock closed at six cents a share.
This press release stated that under the terms of the agreement, G.C. Management will sell ProMana's full suite of software solutions as part of a portfolio of products and services that the company offers to clients across the United States. G.C. management will begin marketing the ProMana Solution to its current clients immediately.
"This new relationship will help ProMana expand its reach into the lucrative healthcare marketplace by offering healthcare facilities a full, web-based solution to their HR needs," said ProMana CEO Lawrence Kass. "We look forward to a successful, long-term relationship with G.C. Management as we solidify our role as a leader in HR outsourcing solutions for the healthcare industry."
The press release also stated that the worldwide market for HR outsourcing services is expected to grow 21 percent annually to $7 billion in 2008, according to consulting firm NelsonHall. Meanwhile, rising healthcare costs likely will encourage many healthcare providers to consider HR outsourcing as a means of reducing administrative overhead and maintain current profit margins.
ProMana Solutions offers web-based software solutions to small and medium sized companies worldwide. Its flagship product manages the entire spectrum of administration, accounting, payroll, benefits, human resources and a host of other functions for clients. The company's open architecture utilizes only Web server applications that integrate easily into clients' existing operating platforms and provide a strong value proposition of cost savings for end users. PSLU shareholders are encouraged to visit www.promanasolutions.com for more information and to register on the "Investor Relations" page to receive ongoing ProMana news updates.
Other Stocks of interest yesterday were: Elan Corporation, (NYSE:ELN) down 0.3% on 86.4 million shares traded, Intel Corporation (Nasdaq:INTC) up 2.6% on 84 million shares traded and JDS Uniphase Corporation (Nasdaq:JDSU) up 1.4% on 33.8 million shares traded.
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