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Medify Solutions Ltd. Announces Latest Business Developments With Oracle and Revenues
Remote Technology Company Medify Solutions (Pink Sheets: MFYS) is delighted to announce its expansion into the European market with Oracle as business partner, the world's largest enterprise software company. Following the positive collaborative achievements of Medify with Oracle on the NHS project, Oracle will support Medify Solutions Ltd in its European expansion.
Medify is going live as announced to its NHS customers on the 1st of September 2006. There are approximately 1.4m NHS employees and circa 500 000 healthcare professionals working for the NHS.
The first roll out site is for approximately 2500 users (US85 per customer per month for two years with an expected revenue stream of US5.1m).
The company will float its European subsidiary on the Frankfurt Exchange, the announcement to follow shortly. This expansion is supported, as announced by Oracle, the world's largest enterprise software company.
Medify does have an exclusive contract with EMIS to provide its technology to EMIS users. Currently EMIS supplies its service to 60% of the NHS UK primary care market (circa 150 000 healthcare professionals).
Medify has commercial activities in place in the European market justifying the impending floatation.
Company Website: www.medifysolutions.com 28.07.2006, Medify Solutions Ltd.
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