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: May 26, 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 May 26, 1998 announcing
the signing of a sales, marketing and consulting agreement
with a leading managed care marketing firm.
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 sales, marketing
and consulting agreement with a leading managed care
marketing firm.
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: June 3, 1998 By: /s/ John P. Yeros
----------------------
John P. Yeros, President and Chief Executive Officer
MEDIX RESOURCES, INC. 360 south Garfield Street,
Healthcare Staffing Internet Medical Networks Suite 400
Denver, Colorado 80209
COMPANY CONTACT: INVESTOR RELATIONS:
Medix Resources, Inc. Lippert/Heilhorn & Associates, Inc.
John P. Yeros Keith L. Lippert ([email protected])
(303) 939-1515 (212) 838-3777
Cymedix Lynx Corporation Bruce Voss ([email protected])
Keith Berman (310) 575-4848
(805) 230-1133
LEADING MANAGED CARE MARKETING FIRM JOINS FORCES WITH MEDIX RESOURCES
Denver (May 26, 1998) - Medix Resources, Inc. (Nasdaq:MDIX) today
announced the signing of a sales, marketing and consulting agreement with John
P. Cole, president and chief executive officer of TCG Development, for the
Company's Cymedix Lynx Internet medical communications software product. TCG
Development is a healthcare services company specializing in identifying and
marketing leading edge high technology managed care solutions.
"One of the daunting challenges facing managed care companies provider
service organizations today is creating an environment for physicians that
aligns their incentives and provides them the systems technology to move in
concert with the vision of the organization," said Mr. Cole, a 30-year health
insurance veteran. "Our goal in working with Medix Resources and in
representing Cymedix Lynx is to improve the health status of managed
population and to lower healthcare and operating costs. Quite simply, Cymedix
Lynx dramatically improved the performance of the healthcare system by
providing physicians with the tools they need while allowing payors access to
the information they demand."
Under the agreement, Mr. Cole and his team at TCG Development will
interact with health maintenance organizations, physicians hospital
organizations, independent practice associations and provider service
organizations, amount others, to market and implement Cymedix Lynx. TCG
Development also will consult regarding continued product development,
marketing strategies and other issues related to the Company's entry into the
managed healthcare business.
"John Cole is extremely well known and respected in the healthcare industry
and among senior executives at some of the nation's leading healthcare
organizations, and we look forward to his contributions to Cymedix,"
commented Keith Berman, president of Cymedix Lynx Corporation. "We believe
that the Cymedix Lynx secure Internet network offers an unmatched solution to
the challenge of moving, sharing and tracking medical data to many sectors of
the evolving healthcare system."
TCG Development of New York City is the marketing and sales arm of The
Creative Group, a company dedicated to meeting the product needs of the major
constituencies of the healthcare industry. TCG Development is under the
direction of industry veteran John P. Cole. Mr. Cole has held senior
executive positions with Prudential Insurance Company, Americare Insurance
Company, blue Cross of California, the Employee Benefits Division of Lincoln
National, Aetna Health Plans and PHP Healthcare.
Medix Resources, Inc., through its wholly owned subsidiary Cymedix Lynx
Corporation, officers 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 news release that 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 10K-SB filed
with the Securities and Exchange Commission on March 30, 1998 and the
Company's Form 10-QSB filed on May 18, 1998.
