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 24, 2000
MEDIX RESOURCES, INC
(Exact name of registrant as specified in its charter)
Colorado 000-24768 84-1123311
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) (File Number) Identification No.)
7100 East Belleview Ave., Suite 301, Englewood, CO 80111
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(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 February 23, 2000 announcing sell of remaining medical
staffing business.
Exhibit No. Description Reg. S-K Item No.
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*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: February 24, 2000 By:/s/ John R. Prufeta
John R. Prufeta, Chief Executive Officer
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
February 23, 2000
Contacts: General and Press Inquiries Investor Inquiries
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Robin Schoen Josh Golomb
Robin Schoen Public Relations SmallCaps Online Communications
215/504-2122 212/554-4158
MEDIX SELLS BALANCE OF MEDICAL STAFFING BUSINESS
Company Now Exclusively Focused on iHealth Software Business
Denver, CO -- Medix Resources, Inc. [OTCBB:MDIX] today announced the sale of the
balance of its medical staffing operations to Medical Staffing Network, a
medical staffing company located in Boca Raton, Florida. Medix provides
Internet-based health care communication, data integration, and transaction
processing software through its Cymedix.com product line.
Specifically, Medix sold National Care Resources, TherAmerica, National Care
Resources Travel, and National Care Resources Rehab Consulting facilities
operating out of Denver, Colorado, and Houston and San Antonio, Texas. The
purchase price received by the Company was $1,000,000 with $500,000 paid in cash
and $500,000 in a subordinated note from Medical Staffing Network Inc. The
proceeds of this sale enable Medix to improve its overall financial position and
balance sheet.
"Since acquiring Cymedix Lynx and the Cymedix.com iHealth software product line
in 1998, our overarching goal has been to pursue a pure iHealth software
strategy," stated John Prufeta, Medix Resources' chief executive officer. "With
this sale, we've completely divested ourselves of our staffing operations and
can now focus solely on winning in the iHealth software market."
Denver-based Medix Resources, through 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.
# # #
"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/A for 1998, which was
filed with the Securities and Exchange Commission on July 23, 1999, and its 1999
third quarter Form 10-QSB, which was filed with the Securities and Exchange
Commission on November 10, 1999. This information is available from the SEC or
the Company.
