Instacare Corp. Announces Expanded Product Lines, Group Vendor Agreements and Enhanced Customer Base

New Arrangements Provide Immediate Revenues and a Projected $14 Million for

2007, Plans to Double Revenues in 2008 by Adding New Chronic Disease

Control Products



Apr 04, 2007, 01:00 ET from Instacare Corp.

    NEW YORK, April 4 /PRNewswire-FirstCall/ -- Instacare Corp., (OTC
 Bulletin Board: ISCR) a leading Wi-Fi PDA technology provider to the
 lodging industry, the developer of patent-pending technologies for e-health
 and EMR applications and the distributor of life-saving prescription drugs
 and diagnostics, today provided several meaningful announcements.
     Instacare has announced the implementation of a series of Supply Chain
 medical products agreements through MedAssets Healthcare Supply Chain, one
 of the nation's largest and most prestigious medical contract buying and
 group discount organizations, and Invacare Supply Group, a division of the
 Invacare Corporation. These buying arrangements position Instacare and its
 Medicius and PharmaTech subsidiaries to immediately channel a portfolio of
 products into the $12+ billion worldwide ostomy and the $4+ billion chronic
 wound care health sectors. Instacare will initially distribute ostomy and
 wound care products from five separate companies that collectively comprise
 more than 60% of the North American markets' current revenue.
     "This is the first in an expected series of related announcements
 concerning new distribution, expanded product lines and incremental
 customer agreements. These arrangements and the additional impending
 contracts are the result of focused resource allocation and targeted
 efforts over the past nine months. The doubling of our customer and patient
 user base, the expanded new markets and enhanced product lines are the
 culmination of our efforts to persuade these large and diverse entities of
 the added value derived from our medical technology driven distribution
 model," commented Keith Berman, Principal Executive Officer of Instacare.
     These new arrangements will also provide the company with expanded
 lines of diabetic diagnostic products, medical test kit products and other
 market related products that are all part of Instacare's chronic illness
 distribution focus. The Company will furnish additional information related
 to this arrangement in its 2007 guidance scheduled to be released on or
 about April 24, 2007.
     The advanced wound care and ostomy markets are serviced by companies
 such as Johnson & Johnson Medical, Arlington, Texas; ConvaTec, Skillman,
 N.J., a division of Bristol-Myers Squibb Co.; Coloplast, Inc. Marietta, GA;
 Cymed Ostomey Co., Berkeley, CA; Hollister Corp., Libertyville, IL; 3M
 Health Care, St. Paul, Minn.; Smith & Nephew, Memphis, Tenn.; and Kendall
 Healthcare Co., Mansfield, Mass, a division of Tyco International.
     "We are unique in our industry. We provide a technology that is
 desperately needed by physicians and care givers. Our MD@Hand, which is
 furnished to care givers free of charge as a component of our overall
 distribution strategy, will allow Instacare to aggressively expand its
 national footprint. We are confident that we have adopted a fundamentally
 sound business and market strategy," Mr. Berman continued. "And we believe
 that it will expand our ability to deliver affordable prescriptions,
 diagnostics and wound care products nationwide."
     Safe Harbor Statement
     This release contains forward-looking statements about our business or
 financial condition that reflect our assumptions and beliefs based on
 information currently available. We can give no assurance that the
 expectations indicated by such forward-looking statements will be realized.
 There may be other risks and circumstances that we are unable to predict.
 When used in this release, words such as "believes," "expects,"
 "forecasts," "intends," "projects," "plans," "anticipates," "estimates" and
 similar expressions are intended to identify forward-looking statements,
 although there may be certain statements not accompanied by such
 expressions.
     For further information, please contact: Carla Hintz, The Wells Group,
 (480) 391-7400 or visit the company's Web Site: www.instacare.net.
 
 

SOURCE Instacare Corp.