Profiled 03-09-00
(AMEX:CAP - news), a provider of Clinical Information Systems for hospital- and clinic-based radiology imaging centers, laboratories and pharmacies, today announced the award of an important new contract and its launch into marketing its products in Southeast Asia.
The company announced the award of a major contract for the provision of CyberLAB II® to Pathology and Clinical Laboratory (M) SDN BHD of Malaysia (Pathlab). The contract, valued at more than US$600,000, includes a software license for CyberLAB II®, implementation services and post-implementation support of the software.
Steven M. Besbeck, president and chief executive officer, stated: ``The award of this contract is a significant development for the company for a number of reasons. We are pleased to have won the competitive bid for Pathlab's business, which of itself is an important contract and attests to the efficacy of our product.
``Pathlab is a highly regarded primary provider of clinical- laboratory services in Malaysia and has affiliates in neighboring countries. Because of its high profile, Pathlab's operation will serve as a great demonstration site for our marketing and sales activities in the region.
``We have been monitoring this region of Asia for the last couple of years, waiting for an improvement in the economy and an opportunity to develop a presence there. We view this transaction as the beginning of an important partnership with Pathlab that will help establish our company in the region.''
Feb. 11, 2000--Creative Computer Applications Inc. (AMEX:CAP - news), a provider of Clinical Information Systems for hospital and clinic based laboratories, pharmacies and radiology departments, today announced that it had received approval to list its common shares on the American Stock Exchange under the symbol CAP.
The company's common shares previously traded on the Emerging Company Marketplace of the American Stock Exchange under the symbol CAP.EC. The new listing reflects the company's graduation to the regular list on the American Stock Exchange having satisfied the listing requirements.
Steven M. Besbeck, president and chief executive officer, stated: ``We are very pleased that the company's common shares are now listed and trading on the regular list of the American Stock Exchange. We believe that the change in our listing will provide our common shares more visibility and greater liquidity for our shareholders.''
Creative Computer Applications is a provider of Clinical Information Systems and through its wholly owned subsidiary Xymed.com is developing an application service provider (ASP) business that will provide its proprietary Clinical Information System applications to facilities via private wide area networks and over the Internet.
For the three months ended 11/30/99, net sales rose 33% to $2.5 million. Net income totalled $157 thousand, up from $43 thousand.
Market Capitalization $8.90M
Shares Outstanding 3.13M
Float 2.10M
