OMAHA, Neb., Jan. 31, 2007 (PRIME NEWSWIRE) -- Coastal Technologies, Inc. (Pink Sheets:CTTJ) (the "Company"), a public-traded company, today reported its Chiropractic E-Health System division has signed an agreement with Availity. The Availity organization is one of the nation's largest EDI clearinghouses and one of the most advanced internet-based e-health information exchanges in the country. Availity provides services to clients under a program named THIN. THIN is an electronic network that provides a central point to submit electronic healthcare transactions to multiple insurance carriers and government programs including Medicare.
Joel Goldman, IT director, stated that the Company believes this alliance will accelerate the acquisition of new E-Chiropractic customers in the entire U.S. market. Since THIN is easily integrated into software systems commonly used in physician offices and hospitals, the Company can set up a chiropractor's office and be submitting claims within a matter of hours rather than the normal lead time of 14 days.
Coastal Technologies is a leading, full service Information Technology (IT) consulting firm and custom software developer. Coastal Technologies leverages its staff to create cost effective IT solutions and provide true end-to-end total business infrastructure integration. The Company's comprehensive service offerings range from project related consulting to full IT outsourcing, and all critical needs in between.
Forward-Looking Statements: Investors are cautioned that certain statements contained in this document are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects" and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future Coastal Technologies actions, which may be provided by management, are also forward-looking statements as defined by the act. These statements are not guarantees of future performance.