CORAL SPRINGS, Florida, Feb. 28, 2013 /PRNewswire/ -- DMH International (OTCBB: DMHI), announced today that their wholly-owned subsidiary, Touch Medical Solutions, Inc (TMSI) completed their agreement with the Babcock Demon Incubator of the Angell Center for Entrepreneurship, Babcock Graduate School of Management of the Wake Forest University School of Business.
This agreement provided for space for Company operations, guidance by the Wake Forest staff in business plan development as well as providing the resources of Wake Forest University's services providers, its Board of Directors, students and faculty. In exchange for their services Touch Medical Solutions paid small monthly rent payments and issued a 1% interest in the capital stock of the Company. This amounted to a total of 250,000 shares of DMHI common stock which were issued this week.
"The work being done at Wake Forest has been extraordinarily helpful to the development of the Company," explained Rik J Deitsch, CEO of DMH International. "Their facilities, technical and business expertise has allowed for the current growth of Touch Medical Solutions and has given us a strong foundation for our product launches," he concluded.
The Babcock Demon Incubator (BDI) operates under Wake Forest University's Angell Center for Entrepreneurship. The BDI's mission is to foster entrepreneurial education at Wake Forest, increase the number and quality of growth-oriented early stage ventures in the Triad, support intellectual property commercialization activities at Wake Forest, and contribute to an entrepreneurial spirit in the local community. The BDI seeks to launch companies that have the potential to create significant economic impact in the Triad through jobs and business investment.
About DMH International.
DMH International, through it's subsidiary, Touch Medical Solutions, is a medical software and device company specializing in PACS (Picture Archiving and Communications Systems), EHR (Electronic Hospital records), EMR (Electronic Medical Records), PHR (Personal Health Records), Medical Transcription, and Paperless Medical Office Solutions. For additional information about Touch Medical Solutions, visit: http://www.dmhintl.com
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in DMH International's ("the Company's") business plan. The agreement with Wake Forrest University should not be construed as an indication in any way whatsoever of the future value of the Company's common stock or its present or future financial condition. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE DMH International