SECURITIES AND EXCHANGE SOMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 6, 1998
Medical Advisory Systems, Inc.
(Exact name of registrant as specified in its charter)
DELEWARE 2-98314-W 52-1233960
(State or other (Commission (IRS Employer
Jurisdiction of File Name Identification No.)
8050 Southern Maryland Blvd., Owings, Maryland 20736
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (301) 855-8070
For Immediate Release
November 6, 1998
MEDICAL ADVISORY SYSTEMS, INC.
INVESTS IN INTERNET COMPANY
OWINGS, MD, November 6, 1998 - Medical Advisory Systems, Inc.
(NASDAQ Bulletin Board: MEAS) announced today that it is making a
$1,000,000 cash equity investment in America's Doctor, Inc. This
investment, combined with an initial $1,000,000 investment in cash and
services made earlier this year, increases MAS's current ownership of
America's Doctor to approximately 18%.
America's Doctor is a new internet company which provides consumers the
opportunity to chat real-time one-on-one with a physician, access hospital
resources and be made aware of health care events on the health web site of
America Online, Inc. (NYSE: AOL). MAS has an exclusive services
agreement to provide the physician chat service from its 24-hour-a-day
Tele-Medicine Call Center in Owings, Maryland.
MAS chairman Ronald W. Pickett, who also serves on the board the
America's Doctor, stated that "MAS is pleased to increase its equity stake in
America's Doctor. Our contractual relationship has been mutually
beneficial in that it allowed America's Doctor to launch its service almost
overnight, while simultaneously providing MAS virtually unlimited
exposure of its well proven Tele-Medical capabilities to the consumer
market. We welcome the growth being generated by this contract and look
forward to financial rewards for our shareholders from the success of
America's Doctor."
MAS is headquartered in Owings, Maryland where it has operated a 24-
hour-a-day physician staffed Tele-Medical Call Center since 1982,
providing medical advice and assistance to ships at sea, HMO"s,
multinational corporations and the international travel industry. MAS also
participates in a worldwide network of 24-hour-a-day call centers in 24
countries and utilizes other centers to provide certain services outside of the
U.S. MAS has operated profitably for the last 8 consecutive years.
Statements included in this release may constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995. Such statements involve a number of risks and uncertainties
such as competitive factors, technological development, market demand,
and the Company's ability to obtain new contracts and accurately estimate
net revenues due to variability in size, scope and duration of projects, and
internal issues in the sponsoring client. Further information on potential
factors that could affect the company's financial results can be found on the
Company's Registration Statement and in its Reports on Forms 10-K and
10-Q filed with the Securities and Exchange Commission (SEC).
For More Information Contact
Ronald W. Pickett, President and Chairman
910/509-1433 Voice
Thomas M. Hall, M.D., M.I.M.
Chief Executive Officer
410/257-2704 FAX
[email protected]
