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Quality Systems, Inc. Announces Internet Availability of Annual Shareholdersa? Meeting Proxy Materials for Fiscal Year 2010

^{Published on 2010-07-20 13:45:31 - Market Wire}
 

IRVINE, Calif.--([ BUSINESS WIRE ])--Quality Systems, Inc. (NASDAQ: QSII) announced today that the Companya™s proxy materials for its 2010 Annual Meeting of Shareholders are now available via the Internet under the U.S. Securities and Exchange Commissiona™s Notice and Access rule.

"Notice Regarding the Availability of Proxy Materials."

Under the Notice and Access rule, companies may furnish proxy materials to shareholders via the Internet as an alternative to the traditional mail delivery of printed materials. Shareholders as of the June 15, 2010 record date for the Annual Meeting will be mailed a "Notice Regarding the Availability of Proxy Materials." This notice will provide the Internet web site address where the proxy materials can be viewed and shares can be voted. It will also include instructions for requesting a paper copy of the proxy materials via telephone, Internet web site or email. By implementing the Notice and Access rule, Quality Systems was able to considerably reduce the number of printed copies of its annual report and proxy materials that it would otherwise produce, thereby lowering production and delivery costs as well as minimizing the impact on the environment from its Annual Meeting.

Quality Systemsa™ 2010 Annual Meeting of Shareholders will be held on Wednesday, August 11, 2010 at 1:00 PM at the Marriott Irvine located at 18000 Von Karman Avenue, Irvine, Calif., 92612.

Quality Systemsa™ 2010 annual report and proxy statement for the 2010 Annual Meeting can also be viewed on the Company's web site by visiting [ http://investor.qsii.com/financials.cfm ].

About Quality Systems, Inc.

Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare Information Systems subsidiary develop and market computer-based practice management, patient records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit [ www.qsii.com ] and [ www.nextgen.com ] for additional information.

SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS

This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future (including, without limitation, statements concerning revenue and net income), are forward-looking statements within the meaning of these laws and involve a number of risks and uncertainties. Management believes that these forward looking statements are reasonable and are based on reasonable assumptions and forecasts, however, undue reliance should not be placed on such statements that speak only as of the date hereof. Moreover, these forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; seasonal patterns of sales and customer buying behavior; the development by competitors of new or superior technologies; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; undetected errors or bugs in software; product liability; changing economic, political or regulatory influences in the health-care industry; changes in product-pricing policies; availability of third-party products and components; competitive pressures including product offerings, pricing and promotional activities; the Company's ability or inability to attract and retain qualified personnel; possible regulation of the Company's software by the U.S. Food and Drug Administration; uncertainties concerning threatened, pending and new litigation against the Company including related professional services fees; uncertainties concerning the amount and timing of professional fees incurred by the Company generally; changes of accounting estimates and assumptions used to prepare the prior periods' financial statements; general economic conditions; and the risk factors detailed from time to time in the Companya™s periodic reports and registration statements filed with the Securities and Exchange Commission. A significant portion of the Company's quarterly sales of software product licenses and computer hardware is concluded in the last month of the fiscal quarter, generally with a concentration of such revenues earned in the final ten business days of that month. Due to these and other factors, the Company's revenues and operating results are very difficult to forecast. A major portion of the Company's costs and expenses, such as personnel and facilities, are of a fixed nature and, accordingly, a shortfall or decline in quarterly and/or annual revenues typically results in lower profitability or losses. As a result, comparison of the Company's period-to-period financial performance is not necessarily meaningful and should not be relied upon as an indicator of future performance. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.