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: March 16, 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 releases announcing
The merger of Cymedix Lynx Corporation with Automated Design
Concepts.
<PAGE>
Exhibits
Exhibit 99.1 Press release dated March 16, 2000 announcing the merger of Cymedix
Lynx Corporation with Automated Design Concepts.
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 3, 2000 By: /s/ David Kinsella
David Kinsella
Secretary and Controller
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
March 16, 2000
MEDIX ANNOUNCES MERGER WITH AUTOMATED DESIGN CONCEPTS Merger
Diversifies iHealth Software Provider's Service Offerings
New York, NY -- John Prufeta, president and CEO of Medix Resources, Inc.
[OTCBB:MDIX], today announced the Company's merger with Automated Design
Concepts (ADC), a New Jersey-based Internet hardware, hosting, and software
development firm, specializing in healthcare and e-commerce strategies. Medix
provides Internet-based healthcare communication, data integration, and
transaction processing software through its Cymedix.com product line.
ADC was created in 1997 by David R. Pfeil in response to a need for integrated
healthcare automation systems and e-commerce. ADC customer applications cover a
wide range of needs from introductory Web presence sites to full-scale secure
e-commerce web sites and corporate Intranets. ADC also develops and maintains a
series of ASP software applications for the healthcare and education industries.
Pfeil is president and chief operating officer of Medix's wholly-owned
subsidiary Cymedix Lynx Corporation and a member of the Medix board of
directors. While the exact terms of the merger were not released, ADC founder
David Pfeil received a combination of cash and common stock in exchange for ADC.
"This is an important move for Medix," stated Prufeta. "ADC and Medix have been
working together for the last year. The official combination of ADC with Medix
will accelerate the completion of the thin-client and browser versions of the
Cymedix.com application."
"ADC brings to Medix strong experience in e-commerce development, which will be
applied to the healthcare community," stated Pfeil. "This technology has already
been deployed at ADC's www.medicodes.com site which enables healthcare providers
to search a national database for billing codes, physician UPINs, diagnosis
codes, and more."
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.
Contacts: General and Press Inquiries Investor Inquiries
----------------------------- -------------------
Robin Schoen Josh Golomb
Robin Schoen Public Relations SmallCaps Online Communications
215/504-2122 212/554-4158
