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KCSA PUBLIC RELATIONS WORLDWIDE NEWS Public & Investor Relations, Corporate & Marketing CommunicationsFOR: MEDIX RESOURCES, INC. CONTACT: John R. Prufeta, President and CEO (212) 697-2509 (212) 681-9817 (fax) [email protected] KCSA INVESTOR Sarah Shepard / Elena Bonaiuto CONTACTS: (212) 896-1236 / (212) 896-1233 (212) 697-0910 (fax) [email protected] / [email protected] FOR IMMEDIATE RELEASE MEDIX RESOURCES LAUNCHES STANDALONE UNIVERSAL INTERFACE PRODUCT FOR PHYSICIANS ------ Cymedix Product to be Distributed by Technology Partners; To Generate Additional Revenues NEW YORK, January 4, 2001--Medix Resources Inc. (AMEX: MXR) today announced the launching of a stand-alone version of its proprietary Cymedix(R)Universal Interface (CUI), representing a new business line for Medix. The stand-alone CUI, which will generate additional revenue with minimal associated cost, will be distributed independently by software vendors to physician users. The CUI will enable efficient access by next-generation applications to data contained within pre-existing software systems. The Company indicated its distribution partnerships will also establish a foundation for future alliances in a broad range of areas-- both healthcare and non-healthcare related. A Technology Foundation for Collaboration in Healthcare The CUI connectivity technology enables collaboration between physicians and healthcare insurers, hospitals, labs and pharmacy benefit management companies. The distinguishing characteristic of this technology is that the objectives of both physicians and payors are equally served. The CUI enables physicians to execute secure transactions through the Internet while utilizing their existing practice management systems. According to Medix, both groups have significant economic incentives to streamline their manual processes that consume many billions of dollars each year in clinical and administrative waste. However, the Company said that this inefficiency has also contributed to widespread friction between these partners, creating a strong need for Medix' CUI connectivity technology. Medix believes that the market for its CUI is especially large within healthcare, where it is widely estimated that there are in excess of 3,000 PPMS (physician practice management systems) versions used by physicians across the United States. The Company currently offers its CUI both directly within selected markets, as well as nationally through core distribution partners. "Hand-held solutions providers are a natural partnership opportunity for distribution of the CUI," John Prufeta, President and Chief Executive Officer of Medix Resources, commented, "The hand-held market in healthcare is exploding. The CUI is a technology that enhances any hand-held offering. This presents Medix with a tremendous opportunity to distribute the Medix array of transaction services to physician desktops nationwide." Mr. Prufeta added, "The healthcare industry needs a reliable connectivity solution. Our standalone Cymedix(R)Universal Interface was developed in response to the significant interest that we have received from third-party healthcare applications vendors. We will make the CUI available on a selective basis within healthcare, keeping in mind the importance of this technology for Medix and its partners in gaining a competitive advantage within the geographic markets where we are focused. Disparate systems in healthcare are a major impediment to the free exchange of vital data between physicians and payors. The CUI offers an efficient and inexpensive way to move information between these islands of automation." According to David Pfeil, Executive Vice President and Chief Technology Officer of Medix Resources, "The standalone CUI product is a perfect fit for the hand-held healthcare vendor community. This product is an excellent tool to feed practice management information to these devices, thereby eliminating the need for the physician practice user to re-key large quantities of data. Furthermore," he added, "physicians want a full complement of transaction capabilities through their hand-held device. Our hand-held partners will now be able to meet this need by offering the full array of Medix transactions to their physicians. This is a winning proposition for all parties concerned--Medix, our hand-held partners, and the end-user physicians." About the CUI The CUI eliminates the need for expensive interface programming, allowing the rapid creation of a communications bridge between physician practice management systems (PPMS) and virtually any local or remote application -- such as managed care systems and handheld applications. About Medix Resources, Inc. Medix Resources, Inc. through its wholly owned subsidiary Cymedix Lynx Corporation is the developer and provider of the Cymedix(R)suite of fully-secure, patented Internet based software products, that will allow instantaneous communication of high value added healthcare information among doctor offices, hospitals, health management organizations and insurance companies. 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 Medix operating results in the future to a material degree. Such risks and uncertainties include, without limitation, the ability of Medix to raise capital to finance the development of its software products, the effectiveness and the marketability of those products, the ability of Medix to protect its proprietary information, and the establishment of an efficient corporate operating structure as Medix grows. These and other risks and uncertainties are presented in detail in the Medix Form 10-KSB for 1999,and its Form 10-QSB for the third quarter of 2000, which were filed with the Securities and Exchange Commission on March 30, 2000, and November 14, 2000, respectively. This information is available from the SEC or Medix. This press release and prior releases are available on the KCSA Public Relations Worldwide Web site at www.kcsa.com
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