MARKHAM, ON, Aug. 31, 2015 /CNW/ - Nightingale Informatix
Corporation (TSX-V: NGH) ("Nightingale" or the "Company"), a
cloud-based provider of electronic health record (EHR) software and
related services, announced today it has filed its financial
results for the fiscal quarter ended June
30, 2015. Additional information concerning the Company,
including its condensed consolidated financial statements and its
Management's Discussion and Analysis of Financial Condition and
Results of Operations ("MD&A") for the quarter ended
June 30, 2015 can be found at
www.sedar.com.
"We have successfully migrated over 100 customers in the US to
our V10 Practice Management solution, and continue to progress our
V10 development," said Sam Chebib,
CEO of Nightingale. "We continue to focus our efforts on launching
our next generation platform which will allow us to drive
growth."
The Company announced in July 2015
that it has retained a Chicago
based Investment Banker to explore strategic and financial
alternatives. These efforts continue to progress and the Company is
in the process of determining the best available option to address
its business objectives and plans. Further information will
be made available as soon as a final decision has been
established.
About Nightingale
For more than a decade, Nightingale (TSX-V: NGH) has been
delivering innovative cloud-based Electronic Health Record (EHR)
and Practice Management solutions to healthcare organizations
across the United States and
Canada. Our goal is to
uncomplicate the day-to-day challenges of healthcare providers. We
achieve this by creating software that is truly
intuitive—minimizing training and maximizing adoption. We believe
so strongly in building easy-to-use software that we structured our
entire product team around user-centric design. Our clients are
benefiting from this focus through a well-supported and robust
solution that presents a holistic view of a person's well-being in
a simple, clean interface, so that the best health decisions can be
made. Nightingale – One Patient.
One Record.
www.nightingalemd.com
Forward Looking Statement
This press release contains "forward-looking statements"
respecting the Company's financial statements and the issuance and
cancellation of securities of the Corporation 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", "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",
"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: the
ability of Nightingale to service the interest on its debt and to
repay the principal on its debt; risks associated with obtaining
the required approval of the Exchange and other approvals related
to its debt; the ability of Nightingale to successfully complete
the strategic or financial alternatives being considered; 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 secure customer
contracts and the timing of securing such contracts; the ability of
Nightingale to successfully develop and market the V10 platform;
the ability of Nightingale to complete and successfully integrate
its acquisitions on an accretive basis, Nightingale's access to
debt and capital facilities, including compliance with
current debt arrangements; the existence of present and possible
future government regulation; the significant competition that
exists in the medical software industry; the early stage of
Nightingale's business, and 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. Certain
material factors or assumptions applied by management in making
forward-looking statements, include without limitation, factors and
assumptions regarding future trends in healthcare spending,
economic conditions affecting Nightingale and North American
economies; Nightingale's ability to continue to fund its business,
rates of customer defaults, relationships with, and payments
to lenders, 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.
SOURCE Nightingale Informatix Corporation