NEW YORK, July 20 /PRNewswire-FirstCall/ -- InstaCare Corp. (OTC Bulletin Board: ISCR), a leading distributor of life saving prescription drugs and diagnostics and Wi-Fi PDA technology provider to the medical, lodging and satellite media industries and the developer of patent-pending technologies for e-health and EMR applications today announced that it has entered negotiations for an exclusive Strategic Development and Marketing Agreement with the health agency ISSSTE (Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado) an administrative arm of the Mexican Federal government. This initiative will cover the company's proprietary e-health technologies tied to its prescription drug prescription fulfillment systems. The focus of the proposed agreement will provide the company's MD@Hand Wi-Fi PDA-based e-health products to the fast growing Mexican physician base that services the 11 million eligible patients covered by the services of ISSSTE. The parties also plan a near term joint strategic endeavor with the workers guild IMSS to open a closed door pharmacy to offer prescription drugs and our current diabetic testing products to IMSS members. Currently these members account for 10 million prescriptions per month. Robert Cox, Chairman and CEO of InstaCare Corp. commented, "InstaCare's e-health technologies remain the industry's Wi-Fi standard-bearer. The execution of an agreement with ISSSTE will mark the largest implementation of e-health technology to date and their accelerated market penetration and acceptance." The company believes this e-health initiative should help invigorate the U.S. market for e-health technologies. The company also anticipates that discussions with the workers guild IMSS will conclude quickly so that we may provide guild members with InstaCare's highly profitable prescription fulfillment programs. Mr. Cox concluded, "Since we began our prescription drug distribution strategy, our technology fulfillment products have justifiably consumed an ever-increasing proportion of the Company's available resources. The rapid embrace by the Mexican health institute has compelled an escalating and pragmatic modification in our strategic and operational focus. Our roots, however, emanate from the healthcare segment of the greater technology industry. Agreements such as the one we are pursuing to completion in Mexico will facilitate our rapidly evolving organization and allow us fulfill the promise and expectations we believe are in front of us." For more information, visit the InstaCare Web Site: http://www.instacare.net/ or contact Carla Hintz, the Wells Group (480) 391-7400. For those interested in a more detailed analysis of InstaCare Corp., its business and prospects, please visit www.wassermanmorris.com and type in the access code ACE to receive copies of several recent independent research reports published by Wasserman-Morris detailing InstaCare. Safe Harbor Statement from InstaCare Corp: This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, economic conditions affecting retailers; continuing success introducing new products; the Company's ability to finance its planned expansion efforts; and changes in regulations affecting the Company's core business. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law
SOURCE InstaCare Corp.