MedLink Announces Successful Completion of $2.25 Million Capital Raise
30 11월 2010 - 6:33AM
Marketwired
MedLink (OTCBB: MLKNA), a leading provider of health information
technology solutions, today announced that it has closed an
aggregate of $2.25 million in financing. Aegis Capital Corp, sole
placement agent and exclusive investment banker to MedLink, placed
$1.0 million through a private placement, and an additional $1.25
million in capital through the sale of convertible notes sold
exclusively to institutional investors. The investment capital
proceeds will be used to fund increased sales and marketing,
working capital needs of the Company, and the acquisition of
MedAppz which was announced earlier this month.
"We are extremely pleased to have the support of our investors
who affirm our corporate vision, and the overwhelming interest in
the offering is a testament to the MedLink team and the cutting
edge technology we are providing to the healthcare market," said
Ray Vuono, CEO of MedLink International, Inc. "With this financing,
the company is well positioned to deliver its suite of Electronic
Health Record (EHR) and Healthcare Information Technology
communication platforms, to meet the increasing demand of the
industry as healthcare facilities of all sizes are adopting EHR
technology to take advantage of the efficiencies and the incentives
both on a State and Federal level."
David Bocchi, Director of Investment Banking at Aegis Capital,
said, "MedLink represents a rare and exciting opportunity in a
competitive and consolidating space where it continues to
demonstrate it has the tools and resources necessary to
successfully become an industry leader." He added, "The management
team was instrumental in swiftly securing the capital in a
placement with overwhelming investor demand, and we look forward to
providing the company with the continued support necessary to
assist in its growth."
About MedLink
MedLink is a healthcare IT company providing the medical
community with products and services for the creation, management,
and sharing of medical information. The company's flagship product,
MedLink TotalOffice EHR 3.1, a CCHIT Certified® 08 Ambulatory EHR,
provides physicians with full EHR and practice management
functionality. For more information regarding MedLink's products
and services, please visit www.medlinkus.com.
About Aegis
Aegis Capital is a full-service boutique brokerage operation
focused on middle-market corporate finance, research, and valuation
services. Aegis actively manages over $2 billion of retail customer
assets with over 200 registered representatives in 8 corporate
locations. Aegis Capital Corporation was founded in 1984 by Robert
Eide, the current CEO and Chairman. Its origins were based on
servicing the specific needs of an extremely affluent customer
base. For more information, please visit the Aegis website at
www.aegiscapcorp.com.
Safe Harbor
Statement
This news release may contain forward-looking statements within
the meaning of the federal securities laws. Statements regarding
future events, developments, the Company's future performance, as
well as management's expectations, beliefs, intentions, plans,
estimates or projections relating to the future are forward-looking
statements within the meaning of these laws. These forward-looking
statements are subject to a number of risks and uncertainties,
outlined in our 2009 Annual Report on Form 10-Kavailable through
www.sec.gov. The Company undertakes no obligation to update
publicly any forward-looking statement, whether as a result of new
information, future events or otherwise.
Contact: Jameson Rose (631) 342-8800 Email Contact
MedLink (CE) (USOTC:MLKNA)
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