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: July 16, 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.)
7100 E. Belleview Avenue, Suite 301, Englewood, Colorado 80111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 741-4828
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 July 16, 1998 announcing
the signing of a consulting and marketing agreement
with ASCENTechnologies.
Item 6. Resignations of Registrant's Directors. N/A.
Item 7. Financial Statements and Exhibits.
(a) Exhibits
Exhibit 99.1 Press Release, announcing the signing of a consulting and
marketing agreement with ASCENTechnologies.
Item 8. Change in Fiscal Year. N/A.
Item 9. Sales of Equity Securities Pursuant to Regulation S. N/A.
<PAGE>
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: July 20, 1998 By: /s/ John P. Yeros
----------------------
John P. Yeros, President and Chief Executive Officer
MEDIX RESOURCES ANNOUNCES CONSULTING AND
MARKETING AGREEMENT WITH ASCENTECHNOLOGIES
For Immediate Release: Medix Resources, Inc. (OTCBB:MDIX)
DENVER, Colo. - July 16, 1998 - Medix Resources, Inc. (OTCBB: MDIX) today
announced the signing of a consulting and marketing agreement with Richard S.
Dick, Ph.D., CEO of ASCENTechnologies, Inc. (www.whcat.com).
ASCENTechnologies is a leading health care IT consulting and research firm and
is widely recognized as the leading consulting firm for Computer Based Patient
Record Systems and Electronic Medical Record technologies.
Under the agreement, Dr. Dick and his team will assist the company through, 1)
direct product sales with targeted industry insurers and providers, 2)
licensing agreements with medical software vendors in the Physician Practice
Management and Electronic Medical Record product segments, 3) contracted
clinical outcome testing in conjunction with select pharmaceutical
manufacturers.
John Yeros, Chairman and CEO of Medix Resources commented, "Dr. Richard Dick
is widely respected throughout the healthcare industry. His reputation with
Electronic Medical Record technology will provide our Cymedix Lynx products
with visibility and access to the nation's leading healthcare organizations."
ASCENTechnologies as a virtual corporation has assembled a team of senior
physician, management and IT professionals, with expertise in all aspects of
the healthcare delivery enterprise, and has consulted for many of the leading
and most prominent medical institutions across the country. "We at Medix
Resources are pleased that Dr. Dick recognizes the value and importance of our
unique Cymedix electronic communications technology. We are also excited at
the prospect of our product line being represented by his impressive national
marketing and consulting organization".
Dr. Richard Dick, President of ASCENTechnologies, Inc. said of the signed
agreement, "From my perspective, Cymedix Lynx offers a rare combination of
application functionality and price performance. Elements of the Cymedix
program suite have the capability of becoming widely used throughout the
healthcare industry. I am pleased and intrigued by the opportunity to work
with this new technology."
Medix Resources, Inc. through its wholly owned subsidiary Cymedix Lynx
Corporation, offers several fully secure patent pending internet
communications products, using an internet commerce business model. The
Company's core business also 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.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995. The statements 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 Form 10KSB for 1997 and Form
10-QSB for its first quarter of 1998 that were filed with the Securities and
Exchange Commission on March 30, 1998 and May 12, 1998. Such information is
available from the SEC or from the Company.
Contact: John P. Yeros
Medix Resources, Inc.
(303) 741-2074
