Ph.
405-942-3040 / jackdoc@pdrx.com
PD-Rx Pharmaceuticals Reports Record Growth
PDRx’s RxWebPadPharmaceuticals WinsEarns Oklahoma esal of PDRx’s RxWebPad a Handheld
Electronic
Prescribing System calledRxWebPad.PD-Rx
Pharmaceuticals Enhances Customer Service Experience by Implementing Online
e.Order Capability
OKLAHOMA CITY, OK, November 27, 2001 – PD-Rx
Pharmaceuticals, Inc., a publicly held corporation, (Symbol: PDRX) today
announced that “ Fiscal year 2001 was our most successful year of
growth for PD-Rx”, said Dr Robert D. Holsey, President and CEO. “Our Company continued to remain profitable after
fourteen years of operation with sales reaching an all-time high of $8.87
million, up 25.8% from $7.05
million in 2000.”
Net profits also increased by 42.3% in 2001 to
$220,824, up from $155,177 in
2000. Total Assets in 2001 increased to
$2,736,892 from $2,461,054 in 2000.
Total Liabilities in 2001 also increased to $1,098,087, up from $870,493 in
2000. The increase in Total Liabilities
was primarily due to debt financing of the repurchase of 105,000 shares of
Class A Cumulative Convertible Preferred Stock, purchase of capital equipment,
and internal technology investments.
Stockholders Equity increased to $1,638,805 in 2001 from $1,590,561 in
2000. Earnings per share for fiscal
year 2001 increased to $0.16 per common share – basic and $0.11 per common
share –diluted as compared to $0.06 per common share basic and diluted in 2000.
We anticipate continued growth in the independent physician sector as well as
in the managed care arena as physicians and managed care look for new and
innovative ways to improve patient care and carve out additional profits to
offset higher costs of doing business.
ABOUT THE COMPANY
PD-Rx offers pharmaceutical management strategies
to physicians, patients, managed care organizations and others involved in the
pharmaceutical healthcare industry. Our
management strategies focus on the point of care, beginning with the
physician's writing of the prescription.
When working for a managed care organization, our goal is to develop a
matrix of cost containment tools that they can merge into their healthcare
networks to enhance patient care
and improve their bottom line. In the
physician's office, we provide prepackaged medications that are filled at the
point of care and are viewed by both patients and insurance payers as a progressive and
responsive practice, which is cost effective and speeds the healing process by
improved compliance and better patient communication.
With the use of the PD-Rx proprietary software and
the wireless prescribing pad a doctor will be able to fax a prescription to a
pharmacy or other retail setting, print a prescription from an in-house system,
or fill the prescription on site all by using the wireless handheld device that
easily fits into the doctors pocket.
Technology is moving forward and PD-Rx plans to continue to lead and
assist forward thinking physicians to bring better quality products and
services to every patient. We also
believe that products like the wireless prescribing pad bring a value added
service that makes a real difference between our company and other competitors.
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OKLAHOMA CITY, OK, June July 6,
2001, 2001 – PD-Rx Pharmaceuticals,
Inc., a publicly held corporation, (Symbol: PDRX) today announced the State to approve the RxWebPad FaxScript, athat theelectronic ,. “is on record as having approved the RxWebPad Faxscript. “yiover whelming desiresvalid concernsthe physician populationhealthcare providersdrivecampaignso complete that is will trulythat will themarketproviders on a national basis, with a in real time. on patient demographic.The RxWebPad, one of
PDRx’s latest One of PDRx’s newest s, the RxWebPad, Cassiopeia, directly,
without the use of a third party,About
PDRx Pharmaceuticals
PDRx offers
pharmaceutical management strategies to physicians, patients, managed care
organizations and pharmaceutical manufacturers and others involved in the
pharmaceutical healthcare industry. Our
management strategies focus on the point of care, beginning with the
physician’s writing of the prescription and are designed to provide physicians
with valuable pharmaceutical information at the point-of-prescribing, resulting
in more informed, cost-effective prescribing decisions. We believe our strategies when incorporated
into their office work flow provide physicians with higher rates of adherence
to payer formularies, improved management of patient information, lower costs
and improved quality of patient care.
PDRx
Pharmaceuticals is a
leading provider of Point
of Care Programs that provide unit of use prepackaged pharmaceuticals for
dispensing physicians, Managed Care programs that offer Samples on Site,
injectable pharmaceuticals, patient education
products and medical & surgical
supplies.
PDRx also offers two proprietary software communication networks,
PDRx-Net and RxWebPad that provide physicians the capabilities to interact and
network with traditional and non-traditional pharmacy delivery systems. Our
management strategies focus on the point of care, beginning with the
physician's writing of the prescription and are designed to provide physicians
with valuable pharmaceutical information at the point-of-prescribing, resulting
in more informed, cost-effective prescribing decisions.
completion of a
contract with Prodata, a local Microsoft® Great Plains Business Solution
Partner to implement Microsoft Great Plains e.Order. This online storefront
will allow PDRx customers secured access to their account information, order
entry capability and account receivable profiles. “e.Order will extend and
enhance our customer service, providing 24 hours of Internet access for PDRx’s
customers. We are not looking to replace our customer service programs, but to
empower our customers to access information when it’s convenient for them --
it’s technology at its best. In addition, customers will always be able to call
PDRx and speak with someone in person,” stated Jack L. McCall, executive vice
president of PDRx.
PDRx
installed Microsoft Great Plains Dynamics – a Microsoft SQL based accounting
and inventory management solution – last January. Prodata provided the
implementation and technical consulting services, as well as the hardware upgrade
and integration. “Implementing e.Order was the next phase for PDRx since the storefront seamlessly integrates
with the core financial SQL database. This will allow PDRx to reduce order
fulfillment time and increase order accuracy by eliminating the potential of
manual typing mistakes,” states Christy Baker, Prodata’s general manager. PDRx
will begin providing access to 1,500 clinical locations the first of July 2001
to electronically submit orders over the Internet that will flow directly into
PDRx’s Dynamics SQL database for fulfillment.
PDRx
currently offer products in five categories: Point of Care programs that
provide unit of use prepackaged pharmaceuticals for dispensing physicians,
Managed Care programs that offer Samples on Site, Injectables, Patient
Education Products, Medical & Surgical Supplies. PDRx also offers two proprietary software communication networks,
PDRx-Net and RxWebPad that provide physicians the capabilities to interact and
network with traditional and non-traditional pharmacy delivery systems. The
RxWebPad is a wireless handheld PC that offers electronic prescribing utilizing
the popular Windows™ CE operating system, allowing electronic prescribing,
routing of prescription information and capturing of prescription data at the point
of care. PDRx’s goal is to develop a
matrix of cost containment tools and e-connectivity that MCO’s can utilize as
their network throughout the healthcare industry.
ProData
Computer Systems, Inc. is recognized as the premier Microsoft Great Plains
Business Solution Partner servicing small- and medium-sized enterprises in
Oklahoma. Founded in 1982, ProData specializes in assisting clients select,
install, integrate, implement, train, and support solutions in manufacturing,
wholesale distribution, and service industries. Prodata is also a Microsoft
Certified Partner providing expertise on Windows NT, Windows 2000, and
Microsoft SQL technology platforms as well as Internet security. Committed to
the Oklahoma business community, Prodata has offices in Tulsa and Oklahoma
City. For additional information contact www.prodatainc.net.
This
press release contains “forward-looking” statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks and uncertainties or other factors,
which may cause actual results, performance or achievements expressed or
implied by such forward-looking statements to vary from those forecast or
implied in this release. Factors that might cause such a difference include,
without limitation, decline in demand for the company’s products or services,
and the effect of general economic conditions and factors affecting the
industry.
PDRx Pharmaceuticals, Inc. has
developed one of the newest and most desired software and computer platforms
for the healthcare industry.