Healthcare.com Announces Reverse Stock Split

Apr 05, 2001, 01:00 ET from Healthcare.com Corporation

    MARIETTA, Ga., April 5 /PRNewswire/ --
 Healthcare.com Corporation (Nasdaq:   HCDC), a leading healthcare integration
 software and services company, today announced that its Board of Directors has
 voted to recommend to the Company's shareholders a proposal to effect a
 reverse stock split of the Company's common stock.  The Company intends to
 submit the proposal to the Healthcare.com shareholders for approval at the
 annual shareholders' meeting on May 11, 2001.
     If approved by Healthcare.com shareholders, the reverse stock split will
 optimize the Company's capital structure and reduce the number of common
 shares outstanding.  The exchange ratio, to be determined at a later date,
 will range from one-for-three shares to one-for-five shares.  The Company will
 issue shareholders new share certificates.  No fractional shares of common
 stock will be issued as a result of the reverse stock split.  Each holder of
 common stock who, as a result of the reverse stock split, would otherwise
 receive a fractional share of common stock will be entitled to an equivalent
 amount of cash in lieu of fractional shares.
     There are 50 million shares authorized under the articles of
 incorporation, 28,167,013 of which have been issued and were outstanding as of
 March 21, 2001.
     "The Company expects to meet analysts' expectations for first quarter
 2001.  We felt that this action would benefit our shareholders by improving
 Healthcare.com's appeal to a broader range of investors and analysts," said
 Robert Murrie, Healthcare.com president and CEO.  "We believe it will
 eventually assist in increasing shareholder value."
 
     About Healthcare.com Corporation
     Headquartered in Marietta, Georgia, Healthcare.com Corporation is a
 premiere provider of data access, integration, indexing and delivery software
 and services that use information housed in existing, unrelated applications
 to improve the enterprise's business processes.  The Company's products,
 services and solutions bridge the fundamental gap between the systems that
 enterprises rely upon, and new Internet, wireless, or transaction-based
 solutions being brought to market.
     The Company's service organization offers a full range of Healthcare.com
 product-related services, from training to interface creation to long-term
 dedicated resources.  Our Solution Sourcing(TM) family of services allows
 clients to outsource their integration, application hosting, and/or full IT
 facilities management functions to Healthcare.com.  For more information,
 visit the Company's web site at http://www.healthcare.com .
 
     Healthcare.com Contact:
     Shannon Hodges, SVP Marketing
     (770) 423-8436
     shannon.hodges@healthcare.com
 
     This press release includes forward-looking statements in addition to
 historical information.  The words "expect," "anticipate," "intend," "plan,"
 "believe," "seek," "estimate" and similar expressions are intended to identify
 such forward-looking statements; however, this press release also contains
 other forward-looking statements in addition to historical information.  The
 Company cautions that there are various important factors that could cause
 actual results to differ materially from those indicated in the forward-
 looking statements; accordingly, there can be no assurance that such indicated
 results will be realized.  Among the important factors that could cause actual
 results to differ materially from those indicated by such forward-looking
 statements are the intensely competitive online commerce industry, continued
 growth in the use of the Internet, the availability and acceptance of the
 Internet as a secure medium over which to conduct transactions, user
 acceptance of a new site, failure to obtain significant subscriber growth,
 changes in regulations applicable to or affecting the Company or its
 customers, sales timing, changes in pricing policies, undetected errors or
 bugs in the software, delays in product development, inability to obtain third
 party software that is integrated into our products, lower-than-expected
 demand for the Company's software tools or services, changes in outsourcing
 trends involving information technology and related services, the ability to
 successfully integrate acquired assets and retain key personnel, business
 conditions in the healthcare and other complementary markets (including, but
 not limited to access to capital and the financial condition of providers and
 e-Health vendors), general economic conditions and the risk factors detailed
 from time to time in the Company's periodic reports and registration
 statements filed with Securities and Exchange Commission, including the
 Company's Annual Report on Form 10-K for the year ended December 31, 2000.  By
 making these forward-looking statements, the Company does not undertake to
 update them in any manner except as may be required by the Company's
 disclosure obligations in filings it makes with the Securities and Exchange
 Commission under the Federal securities laws.
     "Healthcare.com," "HIE," "EMerge," and "Cloverleaf," are trademarks of
 Healthcare.com Corporation.
 
 

SOURCE Healthcare.com Corporation
    MARIETTA, Ga., April 5 /PRNewswire/ --
 Healthcare.com Corporation (Nasdaq:   HCDC), a leading healthcare integration
 software and services company, today announced that its Board of Directors has
 voted to recommend to the Company's shareholders a proposal to effect a
 reverse stock split of the Company's common stock.  The Company intends to
 submit the proposal to the Healthcare.com shareholders for approval at the
 annual shareholders' meeting on May 11, 2001.
     If approved by Healthcare.com shareholders, the reverse stock split will
 optimize the Company's capital structure and reduce the number of common
 shares outstanding.  The exchange ratio, to be determined at a later date,
 will range from one-for-three shares to one-for-five shares.  The Company will
 issue shareholders new share certificates.  No fractional shares of common
 stock will be issued as a result of the reverse stock split.  Each holder of
 common stock who, as a result of the reverse stock split, would otherwise
 receive a fractional share of common stock will be entitled to an equivalent
 amount of cash in lieu of fractional shares.
     There are 50 million shares authorized under the articles of
 incorporation, 28,167,013 of which have been issued and were outstanding as of
 March 21, 2001.
     "The Company expects to meet analysts' expectations for first quarter
 2001.  We felt that this action would benefit our shareholders by improving
 Healthcare.com's appeal to a broader range of investors and analysts," said
 Robert Murrie, Healthcare.com president and CEO.  "We believe it will
 eventually assist in increasing shareholder value."
 
     About Healthcare.com Corporation
     Headquartered in Marietta, Georgia, Healthcare.com Corporation is a
 premiere provider of data access, integration, indexing and delivery software
 and services that use information housed in existing, unrelated applications
 to improve the enterprise's business processes.  The Company's products,
 services and solutions bridge the fundamental gap between the systems that
 enterprises rely upon, and new Internet, wireless, or transaction-based
 solutions being brought to market.
     The Company's service organization offers a full range of Healthcare.com
 product-related services, from training to interface creation to long-term
 dedicated resources.  Our Solution Sourcing(TM) family of services allows
 clients to outsource their integration, application hosting, and/or full IT
 facilities management functions to Healthcare.com.  For more information,
 visit the Company's web site at http://www.healthcare.com .
 
     Healthcare.com Contact:
     Shannon Hodges, SVP Marketing
     (770) 423-8436
     shannon.hodges@healthcare.com
 
     This press release includes forward-looking statements in addition to
 historical information.  The words "expect," "anticipate," "intend," "plan,"
 "believe," "seek," "estimate" and similar expressions are intended to identify
 such forward-looking statements; however, this press release also contains
 other forward-looking statements in addition to historical information.  The
 Company cautions that there are various important factors that could cause
 actual results to differ materially from those indicated in the forward-
 looking statements; accordingly, there can be no assurance that such indicated
 results will be realized.  Among the important factors that could cause actual
 results to differ materially from those indicated by such forward-looking
 statements are the intensely competitive online commerce industry, continued
 growth in the use of the Internet, the availability and acceptance of the
 Internet as a secure medium over which to conduct transactions, user
 acceptance of a new site, failure to obtain significant subscriber growth,
 changes in regulations applicable to or affecting the Company or its
 customers, sales timing, changes in pricing policies, undetected errors or
 bugs in the software, delays in product development, inability to obtain third
 party software that is integrated into our products, lower-than-expected
 demand for the Company's software tools or services, changes in outsourcing
 trends involving information technology and related services, the ability to
 successfully integrate acquired assets and retain key personnel, business
 conditions in the healthcare and other complementary markets (including, but
 not limited to access to capital and the financial condition of providers and
 e-Health vendors), general economic conditions and the risk factors detailed
 from time to time in the Company's periodic reports and registration
 statements filed with Securities and Exchange Commission, including the
 Company's Annual Report on Form 10-K for the year ended December 31, 2000.  By
 making these forward-looking statements, the Company does not undertake to
 update them in any manner except as may be required by the Company's
 disclosure obligations in filings it makes with the Securities and Exchange
 Commission under the Federal securities laws.
     "Healthcare.com," "HIE," "EMerge," and "Cloverleaf," are trademarks of
 Healthcare.com Corporation.
 
 SOURCE  Healthcare.com Corporation