Nightingale Ranks 12th on the PROFIT 100 ranking of Canada's Fastest-Growing Companies



    MARKHAM, ON, June 2 /CNW/ - Nightingale Informatix Corporation
("Nightingale" or the "Company") (TSX-V: NGH), an application service provider
(ASP) of electronic medical record (EMR) software and related services, today
announced that it is ranked 12th on the 21st annual PROFIT 100 ranking of
Canada's Fastest-Growing Companies by PROFIT: Your Guide to Business Success
Magazine.
    "We are honoured to be named the 12th fastest growing company in Canada,"
said Sam Chebib, President and CEO of Nightingale. "The combination of our
technology, leadership, broad suite of healthcare IT services and determined
team has been integral to our success over the past five years. The level of
commitment and investment from both the U.S. and Canadian governments into the
area of electronic medical records technology can be seen as a major catalyst
for the industry and we are optimistic that this will have a direct positive
impact on our market, growth and financial performance in the coming years."
    Ranking Canada's Fastest-Growing Companies by five-year revenue growth,
the PROFIT 100 profiles the country's most successful growth companies.
Published in the June issue of PROFIT and online at PROFIT100.com, the PROFIT
100 is Canada's largest annual celebration of entrepreneurial achievement.
    "The PROFIT 100 is an inspiration to entrepreneurs at all stages of
growth, from start-up to major corporation," says Ian Portsmouth, editor of
PROFIT. "Their business practices and product innovations are exemplary of how
businesses can succeed in uncertain times."

    About PROFIT Magazine:

    PROFIT: Your Guide to Business Success, is Canada's preeminent
publication dedicated to the management issues and opportunities facing small
and mid-sized businesses. For more than 25 years, Canadian entrepreneurs
across a vast array of economic sectors have remained loyal to PROFIT because
it's a timely and reliable source of actionable information that helps them
increase their revenues, boost their profitability and get the recognition
they deserve for generating positive economic and social change. Published six
times a year by Rogers Publishing Ltd., PROFIT is distributed almost
exclusively to the chief executives of companies with 5 to 250 employees and
annual revenue of $1 million to $25 million, reaching 306,000 readers across
Canada. Visit PROFIT online at http://www.PROFITmagazine.ca

    About Nightingale

    Nightingale is one of the fastest growing health care service and
software companies in North America with over 5.3 million patient records
under management in a hosted (ASP) environment. It is recognized as an
industry leader in Web-based clinician and community based electronic medical
records (EMR) serving the needs of small primary care practices,
multi-physician outpatient clinics, and large scale regional health
organizations and networks. Coupled with integrated practice management,
transcription and revenue cycle management, Nightingale's comprehensive
service offering allows customers to enhance patient care, increase revenue
opportunities and optimize operations. Nightingale is continuously innovating
and enhancing its services to meet the needs of its growing and diverse
customer base. Nightingale - Healthcare connected. www.nightingale.md

    Forward Looking Statement

    This press release contains "forward-looking statements" respecting the
issuance and cancellation of securities of the Company within the meaning of
applicable Canadian securities legislation. Generally, forward-looking
statements can be identified by the use of forward- looking terminology such
as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases or state
that certain actions, events or results "may" ,"could", "would", "might" or
"will be taken", "occur" or "be achieved". Forward-looking statements are
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Nightingale to be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks related to the
speculative nature of the medical software industry, which is affected by
numerous factors beyond Nightingale's control; the ability of Nightingale to
successfully integrate its acquisitions and any liabilities arising as a
result of such acquisitions, access to capital and agreements with its
Lenders; the existence of present and possible future government regulation;
the significant and increasing competition that exists in the medical software
industry; the early stage of Nightingale's business; and therefore it is
subject to the risks associated with early stage companies, including
uncertainty of revenues, markets and profitability and the need to raise
additional funding. All material assumptions used in making forward-looking
statements are based on management's knowledge of current business conditions
and expectations of future business conditions and trends. Although management
believes the assumptions used to make such statements are reasonable at this
time, our assumptions may not to be as anticipated, estimated or intended.
Certain material factors or assumptions applied by management in making
forward-looking statements, include without limitation, factors and
assumptions regarding Nightingale's continued ability to fund its business,
rates of customer defaults, relationships with, and payments to, lenders,
demand for Nightingale's products, as well as Nightingale's operating cost
structure.
    Although Nightingale has attempted to identify important factors that
could cause actual results to differ materially from those contained in
forward-looking statements, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. Nightingale does not undertake to update any forward-looking
statements that are incorporated by reference herein, except in accordance
with applicable securities laws. Further information on Nightingale Informatix
Corporation is available at www.sedar.com.

    
    Neither the TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    responsibility for the adequacy or accuracy of this release.
    

    %SEDAR: 00022709E




For further information:

For further information: Media: Robert Wilson, (819) 685-9871,
bob@robertwilsonandassociates.com; Investors: Michael Ford, Chief Financial
Officer, (905) 307-7870, mford@nightingale.md

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Nightingale Informatix Corporation

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