LOS ANGELES, Aug. 16, 2011 (GLOBE NEWSWIRE) -- CompuMed, Inc. (Pink Sheets:CMPD), www.compumed.net, a telemedicine and medical informatics company, has secured contract extensions to provide its signature CardioGram™ electrocardiogram (ECG) remote interpretation system and over-read services for the Oklahoma Department of Corrections (OKDOC) and Arizona Department of Corrections (ADC) at selected facilities throughout both states. The OKDOC rents 22 CardioGram systems, and the ADC now owns 59 CardioGram systems after buying 14 more in June, 2011. CompuMed also signed a multi-year contract to provide services to Wexford Health Sources at its Illinois correctional locations.
Maurizio Vecchione, CompuMed's CEO, said, "Correctional facility budgets are shrinking as are other state services. CompuMed has demonstrated its commitment to helping correctional facilities nationwide reduce costs and increase the quality of care by using telemedicine. Our remote cardiac screening enables facilities to access specialists in cardiology without costly patient transfers or in-house staff."
He added that CompuMed's customers can immediately engage one of CompuMed's on-call cardiologists to over read the computerized ECG interpretation. These over-reads are delivered to attending physicians at the point-of-care, providing expert interpretations when data is ambiguous or difficult to interpret.
CompuMed customers are typically correctional facilities, ambulatory surgery centers, occupational health clinics, research facilities and physician offices. New markets being targeted are athletic screenings for school sports and juvenile justice facilities.
CompuMed, Inc. (Pink Sheets:CMPD) provides telecardiology services to improve cardiovascular care. The company offers a variety of cardiac testing interpretations through telemedicine to augment the heavy caseload of medical providers and when onsite cardiologists are not available. CompuMed has specialized expertise in imaging and analysis designed to improve healthcare provider workflow and patient care while reducing costs. CompuMed is headquartered in Los Angeles. Visit CompuMed at www.compumed.net.
Forward Looking Statements
Statements contained in this press release that are not historical facts, such as statements about prospective earnings, savings, revenue, operations, revenue and earnings growth, results of contracts and other financial results, are forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements including statements concerning the Company's plans, objectives, expectations and intentions are based largely on management's expectations and are subject to and qualified by risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. These statements are subject to uncertainties and risks including, without limitation, competitive factors, outsourcing trends in the pharmaceutical industry, product and service demand and acceptance, changes in technology, ability to raise capital, the availability of appropriate acquisition candidates and/or business partnerships, economic conditions, the impact of competition and pricing, capacity and supply constraints or difficulties, government regulation and other risks identified in the Company's filings with the Securities and Exchange Commission including its Annual Report on Form 10-KSB and Quarterly Reports on Form 10-QSB. All such forward-looking statements are expressly qualified by these cautionary statements. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect events, conditions or circumstances on which any such statement is based after the date hereof, except as required by law.
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