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 5, 1999
MEDIX RESOURCES, INC
(Exact name of registrant as specified in its charter)
Colorado 000-24768 84-1123311
(State or other (Commission (IRS Employer
jurisdiction (File Number) Identification No.)
of incorporation)
7100 East Belleview Ave., Suite 301, Englewood, CO 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 5. Other Events
Press release dated May 4, 1999 announcing repayment of note payable to Global
Med Technologies, Inc.
Exhibit No. Description Reg. S-K Item No.
- ------------ ----------- -----------------
*99.1 Press release 99
<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: May 5, 1999 By:/s/ John P. Yeros
John P. Yeros, President and Chief Executive
Officer
FOR IMMEDIATE RELEASE
MEDIX RESOURCES, INC. REPAYS
GLOBAL MED TECHNOLOGIES, INC.
Denver, May 4, /PRNewswire/ -- Medix Resources, Inc. (OTC Bulletin Board: MDIX -
news) today announced the payment, in full, by its wholly-owned subsidiary,
Cymedix Lynx Corporation, of a secured loan from Global Med Technologies, Inc.
(Global Med). On April 29, Medix elected to terminate negotiations with Global
Med regarding alternative methods of debt repayment and the next day presented a
check in the amount of $366,850 to the attorneys representing Global Med in full
satisfaction of the debt.
John P. Yeros, Medix's CEO and Chairman of the Board stated, " Cymedix is
experiencing an exciting period in its history. Our organization is working
towards the launch of a software communication technology product to our
customers in the healthcare enterprise with a unique opportunity for rapid
growth and expansion. The payment of the Global Med debt is another step in
improving our company and the opportunities available to us."
Cymedix is a healthcare communications technology and data integration company
that provides connectivity solutions through an E-commerce model to physicians,
industry service providers and health plan insurers. Cymedix.com, the company's
software product introduction, employs Internet technology to enable industry
participants to effectively communicate vital medical, financial and
administrative information over private, secure networks. Utilization of
Cymedix.com is expected to expedite standard administrative transactions,
simplify communications, improve patient care and reduce the cost of that care
throughout the healthcare enterprise.
Denver based Medix Resources, Inc. is engaged through its wholly owned
subsidiary Cymedix Lynx Corporation of Thousand Oaks, California, in providing
several fully secure patent-pending Internet medical communications products,
using an E-commerce business model. Historically, the company's core business
has been providing 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 10-KSB for 1998 that was filed with the Securities and Exchange
Commission on April 12, 1999. Such information is available from the SEC or from
the Company.
Company Contact:
John P. Yeros Gene Martineau
303-741-2045 212-348-1880
