MARKHAM, ON, Feb. 29, 2016 /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 its fiscal third quarter ended December 31, 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 and nine months ended December
31, 2015 can be found at www.sedar.com.
"We completed the sale of our US Business and realigned our
expenses which has improved our balance sheet. We are focused
on our Canadian customers and bringing our V10 solution to market."
said Sam Chebib, CEO of Nightingale.
"We have deployed V10 to certain key customers for validation and
customer acceptance. We are ramping up our sales efforts as
the new platform approaches full commercial release. "
The Company announced on October 13,
2015 that it had sold substantially all of its US based
Practice Management assets. The Company continues to evaluate
its strategic options as it refocuses on driving growth from the
Canadian and international markets.
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 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