TORONTO, June 29, 2011 /CNW/ - Medworxx Solutions Inc (the
"Company")(TSXV: MWX) announced today that Mr. Domenic Crudo is no
longer employed at Medworxx. Barry Tissenbaum, former partner at Ernst
& Young, is the acting CFO.
Mr. Tissenbaum will serve as interim CFO while the Company searches for
a permanent replacement.
Medworxx thanks Mr. Crudo for his more than five years of service to the
Medworxx is a Toronto-based software company focused exclusively on
solutions for the North American healthcare marketplace. Medworxx
provides healthcare solutions for patient flow, compliance and
education. Its software comprises an integrated suite of solutions,
including content management, learning management, policies and
procedures, utilization management, bed optimization, single sign on,
portal, and emergency readiness solutions.
Medworxx started business in May 2004 in Ontario with 3 employees and
has since grown to over 30 employees. Medworxx' executive team consists
of experienced sales, marketing, software development, healthcare, and
finance personnel. Medworxx currently has a customer base of over 100
healthcare organizations representing more than 300 hospitals and
500,000 end users who are distributed approximately 75% in Canada and
25% in the United States. Medworxx' customers use its software platform
to increase competency, reduce redundancy, reduce costs, and simplify
distribution of knowledge to staff and patients, creating a net effect
of increased efficiency and improved patient safety and care.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such
as "plans", "expects" or "does not expect", "is expected", "estimates",
"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 involve known and
unknown risks, uncertainties and other factors, such as competition,
technological changes, the changing needs of hospitals, the financial
condition of the Company's current and potential customers, foreign
currency exchange rates, as well as general economic conditions, which
may cause the actual results, performance or achievements of the
Corporation and Medworxx to be materially different from any future
results, performance or achievements
expressed or implied by the forward-looking statements. Actual results
and developments are likely to differ, and may differ materially, from
those expressed or implied by the forward-looking statements contained
in this press release. There can be no assurance that forward-looking
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
SOURCE Medworxx Inc.
For further information:
Medworxx Solutions Inc.
President & Chief Executive Officer