EncounterCare Solutions, Inc. Announces the Appointment of Capital Partners Group to Raise up to US$3 Million in Short-Term Fina
12 January 2007 - 5:00AM
Business Wire
EncounterCare Solutions, Inc. (Pink Sheets:ECSL), an integrated
healthcare company focused on the health care technology,
telemedicine, and homecare markets, announced today that it has
appointed Capital Partners Group Ltd., a leading London based
financial services firm to raise up to US$3 million in short-term
financing, followed by an additional raise of US$10 million in
long-term funding. As ECSL�s financial advisor, Capital Partner�s
will manage the series of capital raises through potential
investors, which is expected to result in a potential listing on
the PLUS Markets (formerly known as Ofex) Exchange in London. The
agreement was negotiated by ECSL�s strategic advisor Geo Genesis
Group, Inc. (�GGG�). In announcing the agreement with Capital
Partners, Ron Mills, Sr., President and CEO of EncounterCare, said,
�We are extremely pleased to have Capital Partners as our financial
advisors. The equity capital that will be raised will enable ECSL
to consummate several acquisitions for which ECSL currently has
Letters of Intent. The acquisitions will enable ECSL to offer a
broader range of proprietary health care technology, products and
services that address several substantial target markets,
including: the Health Care Information Technology market, the
Health Care Telemedicine market (Electronic Health Record,
Electronic Medical Data Exchange and the Electronic House Call),
and the Home Care Market. In addition, during the fourth quarter of
2006, ECSL experienced a tremendous amount of positive developments
regarding potential contracts, distribution agreements, and
prospective technology partners, the announcements of which we hope
to make in the near future.� About EncounterCare Solutions, Inc.
EncounterCare Solutions, Inc. (ECSL) is an integrated healthcare
company that operates its business through two divisions, the
Healthcare Technology Division and the Healthcare Services
Division. ECSL�s five operating businesses offer a broad range of
proprietary healthcare technology, products and services that
address several substantial target markets, including: the
Healthcare Information Technology market (Electronic Health
Record), the Healthcare Telemedicine market, and the Homecare
market. ECSL�s five operating businesses include: a Pharmacy,
Building Blocks Pediatric Home Health Services, CyberMedx Medical
Systems LLC, Encounter Select, and JMJ Technologies, Inc. Web site:
www.encountercare.com About Capital Partners Group Ltd. Capital
Partners Group Ltd. is a leading financial services firm with
presence in the UK, U.S., and Asia. Capital Partners Group provides
a wide range of financial services, including: Investment Banking,
Venture Capital, and Asset Management. Capital Partners Group is
Authorized and Regulated by the Financial Services Authority FSA,
is an Authorized Member of the PLUS Markets Exchange (formerly
known as Ofex), is also Member of the London Stock Exchange (LSE)
as a Stockbroker, Capital Partners Securities Ltd is an appointed
Representative of First Equity Ltd. Website:
www.Capital-Partners.co.uk Safe Harbor Certain statements and
information included in this press release constitute "forward
looking statements" within the meaning of the Federal Private
Securities Litigation Act of 1995. When used in this press release,
the words or phrases "will likely result," "expected to," "will
continue," "anticipated," "estimate," "projected," "intends," or
similar expressions are intended to identify "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to certain risks,
known and unknown, and uncertainties, including but not limited to,
economic conditions, dependence on management, dilution to
shareholders, lack of capital changes in laws or regulations, the
affects of rapid growth upon the Company and the ability of
management to effectively respond to the growth, demand for
products and services of the Company, newly developing
technologies, its ability to compete, conflicts of interest related
to party transactions, regulatory matters, protection of
technology, lack of industry standards, the effects of competition,
and the ability of the Company to obtain additional financing. Such
factors could materially adversely affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements
expressed within this press release.
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