UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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: February 19, 1998
MEDIX RESOURCES, INC. (FORMERLY INTERNATIONAL NURSING SERVICES, INC)
(Exact name of registrant as specified in its charter)
Colorado 000-24768 84-1123311
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
360 South Garfield Street, Suite 400, Denver, Colorado 80209
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 393-1515
None
(Former name or former address, if changes since last report)
Item 1. Changes in Control of Registrant. N/A.
Item 2 . Acquisition or Disposition of Assets. N/A
Item 3. Bankruptcy or Receivership. N/A.
Item 4. Changes in Registrant's Certifying Accountant. N/A.
Item 5. Other Events. Press Release, dated February 19, 1998 announcing the
showcasing of Cymedix Lynx and Universal Data interface at the Health
Information Management Symposium in Orlando.
Item 6. Resignations of Registrant's Directors. N/A.
Item 7. Financial Statements and Exhibits.
(a) Exhibits
Exhibit 99.1 Press Release announcing the showcasing of Cymedix Lynx and
Universal Data interface at the Health Information Management Society
Symposium in Orlando.
Item 8. Change in Fiscal Year. N/A.
Item 9. Sales of Equity Securities Pursuant to Regulation S. N/A.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
MEDIX RESOURCES, INC.
Date: February 19, 1998 By: /s/ John P. Yeros
------------
John P. Yeros, President and Chief Executive Officer
INTERNATIONAL
NURSING
SERVICES, INC.
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Company Contacts: Investor Relations
International Nursing Services, Inc. Lippert/Heilshorn & Associates, Inc.
John P. Yeros Keith L. Lippert ([email protected])
(303) 393-1515 Sue Yeoh ([email protected])
Cymedix Lynx Corporation (212) 838-3777
Keith Berman Bruce Voss ([email protected])
(805) 230-1133 (310) 575-4848
INTERNATIONAL NURSING SERVICES TO SHOWCASE CYMEDIX LYNX AND
UNIVERSAL DATA INTERFACE AT HIMSS SYMPOSIUM IN ORLANDO
DENVER (February 12, 1998) - International Nursing Services, Inc. (NASDAQ:
NURS) will showcase its medical communications product, Cymedix Lynx, as well
as its Universal Interface integration products at the Health information
Management Society Symposium (HIMSS) to be held at the Orlando Convention
Center February 22-26. HIMSS is one of the nation's largest healthcare
information systems and technology conferences.
"Cymedix Lynx provides the solution to remote information distribution and
management that the healthcare industry has been looking for, and the
Universal Interface brings down the largest single barrier to entry into the
physician marketplace - data integration," said Keith Berman, president of
Cymedix Lynx Corporation. "Using our patent-protected product, medical
professionals can order, prescribe, access and store medical information from
insurance companies and managed care organizations, as well as from any
participating outpatient service provider such as a laboratory, radiology
center, pharmacy or hospital, no matter their location or hours of operation.
And its' provided free to physicians and medical professions."
Mr. Berman added that the Company's revolutionary Universal Interface product
has been under development for several years and has completed rigorous
testing. This product is unique to the industry, and promises to provide a
new dimension in data integration. "The medical community's response to our
Universal Interface has been tremendous. We are pleased to have recently
announced the signing of a three-year contract with Loyola University Medical
Center of Chicago, our first commercial sale."
The Cymedix Lynx and Universal Interface products, along with their relational
database technology, provide physicians with a permanent, ongoing record of
each patient's name, address, insurance or managed care affiliation, referral
status, medical history, personalized notes and an audit trail of past
encounters. Online forms are provided in order for physicians to:
Electronically order medical procedures
Receive and store test results
Check patient insurance eligibility
Make medical referrals to other healthcare professionals
Request procedure authorizations from managed care organizations
Report financial and encounter information
<PAGE>
Cymedix Lynx is the first completely secure, patented medical communications
product that makes use of the Internet. Because the product is internet
based, it requires no special hardware or rigorous installation. All the
physician needs is a PC, a modem and Internet access, which can be provided by
Cymedix without charge. Cymedix will collect per-transaction revenues from
the insurer or managed care organization.
The medical information management market, estimated at $40 billion annually
and expected to grow at 22% per year for the coming seven years, is one of the
fastest-growing sectors in healthcare today and accounts for more than
two-thirds of the industry's capital investment. The area of medical
information management targeted by Cymedix is estimated to be a $25 billion
market.
International Nursing Services is a medical resources company with two
synergistic lines of business. The Company provides skilled nursing, therapy,
rehabilitation and other medical personnel for flexible staffing in home care
and in a broad spectrum of healthcare and educational facilities. Through its
wholly owned subsidiary, Cymedix Lynx Corporation, the Company also offers
Cymedix Lynx, a secure, patented medical communications product that makes use
of the Internet. The Company plans to change its name to Medix Resources,
Inc. and its NASDAQ ticket symbol to "MDIX" effective February 18, 1998.
***
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: The statement contained in this release which are not historical facts
contain forward-looking information with respect to plans, projections, and/or
future performance of the Company, the occurrence of which involve certain
risks and uncertainties detailed in the Company's filings with the Securities
and Exchange Commission. Reference is made to the Quarterly Report on Form
10-QSB filed with the SEC on November 14, 1997.
