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: April 5,2000
Medix Resources, Inc.
(Exact name of registrant as specified in its charter)
Colorado 0-24768 84-1123311
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
7100 E. Belleview Avenue, Englewood, CO 80111
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (303) 741-2045
None
(Former name or former address, if changes since last report)
Item 5. Other Events. Press release announcing Medix Resources application
- --------------------- for listing of its common stock on the American Stock
Exchange (AMEX) has been approved.
Press release announcing the appointment of Chairman to
the Board of Directors
Exhibits
Exhibit 99.1 - Press release dated April 5, 2000 announcing the
Company's move to AMEX.
Exhibit 99.2 - Press release dated April 5, 2000 announcing the
appointment of Chairman to the Board of Directors.
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: April 5, 2000 By:/s/David Kinsella
Secretary and Controller
Exhibit 99.1
R O B I N S C H O E N P U B L I C R E L A T I O N S
526 Penn Street Newtown, PA 18940 t: 215/504-2122 f: 215/504-2123
e-m:[email protected]
FOR IMMEDIATE RELEASE
April 5, 2000
MEDIX RESOURCES MOVES TO THE AMERICAN STOCK EXCHANGE
----------------------------------------------------
Symbol to Change from OTCBB:MDIX to AMEX:MXR
New York, NY -- John Prufeta, president and chief executive officer of Medix
Resources, Inc. [OTCBB:MDIX], today announced that the Company's application for
listing its common stock on the American Stock Exchange has been approved.
Effective April 6, 2000, Medix's common stock will begin trading on the American
Stock Exchange (AMEX) under the symbol MXR.
Medix provides Internet-based healthcare communication, data integration, and
transaction software through its Cymedix.com product suite. The American Stock
Exchange is part of the Nasdaq-Amex Market Group, which operates the Nasdaq
Stock Market and is a subsidiary of the National Association of Securities
Dealers Inc., the largest securities-industry, self-regulatory organization in
the United States.
"We are very excited to join the growing list of e-businesses and high tech
firms joining the American Stock Exchange," stated Prufeta. "As compared with an
OTC listing, an AMEX listing will provide brokers with greater freedom to
recommend Medix stock and should, as a result, increase the number of potential
investors in Medix stock. It will also lower the cost of raising capital and
provide greater flexibility in terms of future financings for our growth
strategy."
AMEX is the nations second-largest and most technologically advanced floor-based
exchange, and has a significant presence in common stocks, index shares, and
equity derivatives. It is home to a growing list of actively traded index-linked
securities (e.g., DIAMONDS, SPDRS, WEBS) and its auction market structure has
attracted listings of companies from a wide range of industries.
Medix Resources, through its wholly-owned subsidiary Cymedix Lynx Corporation,
offers Cymedix.com, a suite of fully-secure, patented Internet communications
software products, to the healthcare industry. Additional information about
Medix Resources and its products and services can be found by visiting its Web
sites, www.medixresources.com and www.cymedix.com, or by calling 800/326-8773.
# # #
Information in this press release contains forward-looking statements that
involve risks and uncertainties that might adversely affect the Company's
operating results in the future to a material degree. Such risks and
uncertainties include, without limitation, the ability of the Company to raise
capital to finance the development of its software products, the effectiveness
and the marketability of those products, the ability of the Company to protect
its proprietary information, and the establishment of an efficient corporate
operating structure as the Company grows. These and other risks and
uncertainties are presented in detail in the Company's Form 10-KSB for 1999,
which was filed with the Securities and Exchange Commission on March 30, 2000.
This information is available from the SEC or the Company.
Contacts: General and Press Inquiries Investor Inquiries
Robin Schoen Josh Golomb
Robin Schoen Public Relations SmallCaps Online Communications
215/504-2122 212/554-4158
Exhibit 99.2
R O B I N S C H O E N P U B L I C R E L A T I O N S
526 Penn Street Newtown, PA 18940 t: 215/504-2122 f: 215/504-2123
e-m:[email protected]
FOR IMMEDIATE RELEASE
April 5, 2000
JOHN LANE NAMED CHAIRMAN OF THE BOARD OF MEDIX RESOURCES
--------------------------------------------------------
Former Senior Executive of J.P. Morgan Brings
Invaluable Experience to iHealth Enterprise
New York, NY -- John Prufeta, president and chief executive officer of Medix
Resources, Inc. [OTCBB:MDIX], today announced that John T. Lane, 57, has been
named chairman of the Company's board of directors. Lane has been a member of
the Medix board since October 1999. Medix provides Internet-based healthcare
communication, data integration, and transaction software through its
Cymedix.com product suite.
"John brings a unique mix of experience and perspectives to his role as chairman
of the board of Medix Resources," stated Prufeta. "He is a retired managing
director of J. P. Morgan, and currently serves as vice chairman of Vytra
HealthCare, a large regional HMO, and as director for Winthrop South Nassau
University Health Care System, a major regional healthcare provider. This
combination of financial and health care experience is absolutely invaluable to
Medix as we continue our evolution into a world class iHealth enterprise."
"I am delighted to be associated with Medix Resources," stated Lane. "The
company has a unique combination of easily implemented connectivity technology
and a collaborative business culture. Both ingredients are necessary for
meaningful rapid improvement in the nation's healthcare administration."
Since retiring from J.P. Morgan in 1994, Lane has served as a consultant for
several organizations including, J.P. Morgan, Alex Brown, and First
International Investment Bank, Ltd.
Earlier, he held the following positions with J.P. Morgan: managing director,
head of U.S. Private Clients; managing director, head of U.S. Investor Services
Group; senior vice president, head of Eastern U.S. Corporate Finance; vice
president, head of New Jersey/Pennsylvania District; vice president, area
manager for Southeast Asia; and president and CEO of the firm's Indonesian
Securities affiliate. Additionally, Lane was chairman of J.P. Morgan, Florida;
director of Morgan Shareholder Services, J.P. Morgan of California, and Morgan
Futures; and a member of the firm's Credit Policy committee.
Lane is a director for Winthrop South Nassau University Health Care System and
serves on the Finance and Nominating committees. He currently serves on the
boards of directors of Acme Metals, for which he is a member of the
Compensation, Finance, and Nominating committees; Toyo Trust Company of New
York, for which he is a member of the Audit, Executive, and Trust committees;
Virtue HealthCare, for which he is vice chairman and serves as a member of the
Finance, Compensation, and Investment committees; Winthrop University Hospital,
for which he serves as chairman of the Finance and Nominating committees, and
serves on the Executive, Investment Planning, and Medical Education committees.
Lane holds an MBA degree from the University of Michigan, from which he
graduated first in his class, Beta Gamma Sigma, winning the Dow Jones Finance
prize. He holds a BA degree from Dartmouth College, from which he graduated cum
laude with economics honors, and was a Sloane Scholar and a Rufus Choate
Scholar. Lane served as a Lieutenant in the U.S. Army Medical Service Corp.:
82nd Airborne Division, Ft. Bragg, North Carolina; 6th Convalescent Center,
Vietnam.
Medix Resources, through its wholly-owned subsidiary Cymedix Lynx Corporation,
offers Cymedix.com, a suite of fully-secure, patented Internet communications
software products, to the healthcare industry. Additional information about
Medix Resources and its products and services can be found by visiting its Web
sites, www.medixresources.com and www.cymedix.com, or by calling 800/326-8773.
# # #
Information in this press release contains forward-looking statements that
involve risks and uncertainties that might adversely affect the Company's
operating results in the future to a material degree. Such risks and
uncertainties include, without limitation, the ability of the Company to raise
capital to finance the development of its software products, the effectiveness
and the marketability of those products, the ability of the Company to protect
its proprietary information, and the establishment of an efficient corporate
operating structure as the Company grows. These and other risks and
uncertainties are presented in detail in the Company's Form 10-KSB for 1999,
which was filed with the Securities and Exchange Commission on March 30, 2000.
This information is available from the SEC or the Company.
Contacts: General and Press Inquiries Investor Inquiries
Robin Schoen Josh Golomb
Robin Schoen Public Relations SmallCaps Online Communications
215/504-2122 212/554-4158
