Science & Technology
Science and Technology
Science and Technology
Wed, May 30, 2012
Tue, May 29, 2012 Open EC Technologies, Inc. Reports Correction to News Release Reporting Fiscal Quarter Results Ended March 31, 2012
May 29, 2012 18:20 ET
Open EC Technologies, Inc. Reports Correction to News Release Reporting Fiscal Quarter Results Ended March 31, 2012
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 29, 2012) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) reported earlier today the financial and operating results for the quarter ended March 31, 2012. The title of the news release stated that there was a 432% increase in revenue. The correct increase in Q3 revenues was 73% to $597,482 for the quarter as compared to Q3 2011 revenues of $344,936.
The comparative financial statements for the quarter ended March 31, 2012, along with other information, may be obtained through the Company's website at www.openec.com or on SEDAR at [ www.sedar.com ].
About Open EC Technologies, Inc.
Open EC Technologies is an e-Business Information Technology company with our corporate head office, marketing and development in Vancouver, BC, main HealthCare IT Solutions Operations office in San Antonio, Texas and Medical Practise Billing Operations office in Spring Hill, Florida. The company has software development and data center hosting operations in Maine, with Sales and Executive Management staff in Atlanta Georgia.
The Company's focus is to provide software solutions and transaction processing services to assist Physicians, Hospitals, Health Plans, Insurance Brokers and State Governments to exchange information for HIPAA EDI Health Plan Enrolment, Health Insurance Eligibility, Health Insurance Claims, Claim Payments and HealthCare Provider Collaboration of supporting patient referral and industry compliance/reporting documentation.
Additional product and solution information is available on the web at [ www.SoftCareHealthcare.com ], [ www.iPlexus.net ] and [ www.softcare.com ] and additional public company information is available on the web at [ www.openec.com ]. The Company's common shares trade on the TSX Venture Exchange under the symbol: OCE.
ON BEHALF OF THE BOARD
Martyn A. Armstrong, President and CEO
Further information about the Company can be found on SEDAR ([ www.sedar.com ]) or by contacting Mr. Martyn A. Armstrong, President & CEO of the Company
This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
