RXVP Will Buy World's Largest Eyecare Patient Database

Apr 27, 2001, 01:00 ET from Premier Laser Systems, Inc. from ,RXVP, Inc.

    SAN DIEGO, April 27 /PRNewswire/ -- RXVP, Inc. has signed a letter of
 intent to purchase the assets of Data.Site from Premier Laser Systems, Inc.
 Data.Site owns the largest database of ophthalmic records in the world,
 according to Samuel A. Nalbone, Jr., RXVP's chief executive officer.  "RXVP
 will merge the Data.Site records into our RXVP EyeCare Network, which is a
 highly secure data communications and warehousing service for ophthalmic
 patient records," Nalbone said.  "This acquisition will make RXVP EyeCare
 Network the largest ophthalmic database in the world for central, single-
 source customer access," he added.
     Premier Laser Systems has been actively pursuing the sale of its various
 assets since it filed Chapter 11 Bankruptcy in March 2000.  As such, the
 Data.Site transaction will be subject to completion of due-diligence,
 Definitive Agreements and approval by the Bankruptcy Court.  Robert Mosier,
 Premier's president, said that Premier creditors will gain "maximum value" for
 Data.Site from this transaction.  "We realized early on that Data.Site was a
 valued asset," Mosier said.  "Putting this specialized database into a
 professional, healthcare data management firm like RXVP, is a perfect fit.
 Everyone benefits," he said.
     RXVP EyeCare President, Michael Landreville, explained that
 ophthalmologists running small surgical practices are feeling increasing
 regulatory pressure to comply with the Health Insurance Portability and
 Accountability Act (HIPAA) guidelines, which focuses on patient information
 security and confidentiality.  Unlike large hospitals and clinics with staff
 and computer networks to provide patient information data, these small
 surgical practices will need to utilize professional data management firms
 like RXVP EyeCare, according to Landreville.  "Ophthalmologists are
 particularly challenged to meet the regulations since they need to share
 confidential patient information relating to co-managed patients," said
 Landreville.
     The Magnum Group, Inc. of Tiburon, CA is managing financial transactions
 and asset sales for Premier Laser.
     For further information please contact Colleen Kent of RXVP, Inc.,
 610-490-1020, ckent@rxvp.com.
     RXVP is based in Chester, PA.  Its expertise includes confidential patient
 compliance services for medication, secure data communication and data storage
 for clinicians sharing confidential patient information.
 
     The statements in this release that relate to future events or
 performance, statements about growth, levels of sales and market size, future
 manufacturing capacity and efficiencies, future product shipment rates, future
 FDA submittals and future product introductions are forward-looking statements
 that involve risks and uncertainties, including risks associated with
 uncertainties related to the development of markets for and commercial
 acceptance of the company's products and services, the availability of
 components, competitors' product introductions and other risks identified in
 the company's SEC filings.  Actual results may differ from those described in
 these forward-looking statements.  Readers are cautioned not to place undue
 reliance on these forward-looking statements, which speak only as of the date
 hereof.
 
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SOURCE Premier Laser Systems, Inc.; RXVP, Inc.
    SAN DIEGO, April 27 /PRNewswire/ -- RXVP, Inc. has signed a letter of
 intent to purchase the assets of Data.Site from Premier Laser Systems, Inc.
 Data.Site owns the largest database of ophthalmic records in the world,
 according to Samuel A. Nalbone, Jr., RXVP's chief executive officer.  "RXVP
 will merge the Data.Site records into our RXVP EyeCare Network, which is a
 highly secure data communications and warehousing service for ophthalmic
 patient records," Nalbone said.  "This acquisition will make RXVP EyeCare
 Network the largest ophthalmic database in the world for central, single-
 source customer access," he added.
     Premier Laser Systems has been actively pursuing the sale of its various
 assets since it filed Chapter 11 Bankruptcy in March 2000.  As such, the
 Data.Site transaction will be subject to completion of due-diligence,
 Definitive Agreements and approval by the Bankruptcy Court.  Robert Mosier,
 Premier's president, said that Premier creditors will gain "maximum value" for
 Data.Site from this transaction.  "We realized early on that Data.Site was a
 valued asset," Mosier said.  "Putting this specialized database into a
 professional, healthcare data management firm like RXVP, is a perfect fit.
 Everyone benefits," he said.
     RXVP EyeCare President, Michael Landreville, explained that
 ophthalmologists running small surgical practices are feeling increasing
 regulatory pressure to comply with the Health Insurance Portability and
 Accountability Act (HIPAA) guidelines, which focuses on patient information
 security and confidentiality.  Unlike large hospitals and clinics with staff
 and computer networks to provide patient information data, these small
 surgical practices will need to utilize professional data management firms
 like RXVP EyeCare, according to Landreville.  "Ophthalmologists are
 particularly challenged to meet the regulations since they need to share
 confidential patient information relating to co-managed patients," said
 Landreville.
     The Magnum Group, Inc. of Tiburon, CA is managing financial transactions
 and asset sales for Premier Laser.
     For further information please contact Colleen Kent of RXVP, Inc.,
 610-490-1020, ckent@rxvp.com.
     RXVP is based in Chester, PA.  Its expertise includes confidential patient
 compliance services for medication, secure data communication and data storage
 for clinicians sharing confidential patient information.
 
     The statements in this release that relate to future events or
 performance, statements about growth, levels of sales and market size, future
 manufacturing capacity and efficiencies, future product shipment rates, future
 FDA submittals and future product introductions are forward-looking statements
 that involve risks and uncertainties, including risks associated with
 uncertainties related to the development of markets for and commercial
 acceptance of the company's products and services, the availability of
 components, competitors' product introductions and other risks identified in
 the company's SEC filings.  Actual results may differ from those described in
 these forward-looking statements.  Readers are cautioned not to place undue
 reliance on these forward-looking statements, which speak only as of the date
 hereof.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X29645157
 
 SOURCE  Premier Laser Systems, Inc.; RXVP, Inc.