ALBUQUERQUE, N.M., March 25. 2013 /PRNewswire/ -- Net Medical
Xpress Solutions, Inc. (OTCQB: NMXS) announced today 2012 revenue
of $3,905,000, a 21.8% gain over
revenue of $3,207,000 in fiscal year
2011. The company also reported net income of $5,000, or $0.00
per share versus a net loss in 2011 of ($224,000) or $0.00
per share.
CEO Dick Govatski said, "We are
delighted to be able to report positive net income in our most
financially successful year ever. Telemedicine is the rising star
of the health care industry and we find ourselves on a wave that we
believe will carry us quite far.
"Our services ranging from remote patient examinations to
critical care specialist programs and related telemedicine services
are in increasingly high demand as a result of our growing
capability to provide outstanding technology and programs to a
marketplace anxiously looking to improve patient care while
lowering costs. This has not gone unrecognized by the medical
community and consequently our order books are filling up almost
daily.
"Our gross profit was a key indicator of our 2012 success
reaching 23.6% with some segments over 40%. We believe we will be
able to improve this number in 2013.
"Bottom line -- we are in the right place at the right time. Our
programs have expanded from teleradiology to more sophisticated
telemedicine programs involving cardiology, neurology and even
psychiatry. Remote hospitals benefit from being able to offer
top-level care in disciplines they previously could not afford to
provide. But now even larger hospital groups are becoming aware of
the improvements and savings we can provide them.
"We expect 2013 is going to be an outstanding year for our
company and our shareholders as we foresee ongoing growth in both
customers and usage of our systems and programs. Results for
the first quarter of 2013 will be reported in mid-April. Current
information suggests we will report a very successful quarter,"
Govatski said.
Net Medical's telemedicine programs include remote examinations
for diagnostic radiology and cardiology as well as clinical
examinations in the specialties of neurology, psychology and
cardiology. In 2013, Net Medical expects to add specialists in
critical care, ICU, orthopedics, nephrology, urology and hospital
based telemedicine services for nursing homes and rehab
hospitals.
About Net Medical Xpress Solutions, Inc:
Net Medical
Xpress' Telemedicine programs provide diagnostic and clinical
medical services to mobile companies, urgent cares, hospitals,
trauma centers, imaging centers, jails, nursing homes, corporate
health departments, and out patient medical facilities. The
company's proprietary, web-based XR-Express 510K FDA cleared PACS
is Net Medical Xpress foundation software, which enables medical
providers to make real-time assessments of patients' conditions and
treatment needs.
For more information, visit www.netmedical.com or www.nmxs.com
or contact Dick Govatski, president and CEO, at 505-255-1999 or
ceo@nmxs.com.
An investment profile for Net Medical Xpress is at
http://www.hawkassociates.com/profile/nmxs.cfm. To receive future
releases in e-mail alerts, sign up at
http://www.hawkassociates.com/about/alert.
For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888
or Dick Govatski at 505-255-1999 (ceo@nmxs.com).
This press release may contain forward-looking information
within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended (the Exchange Act), including all statements that
are not statements of historical fact regarding the intent, belief
or current expectations of the company, its directors or its
officers with respect to, among other things: (i) the company's
financing plans; (ii) trends affecting the company's financial
condition or results of operations; (iii) the company's growth
strategy and operating strategy; and (iv) the declaration and
payment of dividends. The words "may," "would," "will," "expect,"
"estimate," "anticipate," "believe," "intend" and similar
expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors including the risk disclosed in the
company's Forms 10-K and 10-Q filed with the SEC.
SOURCE Net Medical Xpress Solutions, Inc.