News for 'HNSO' - (Healthnostics Meets Significant Milestones Company Provides Progress Details)
NEW YORK, Sep 04, 2008 (BUSINESS WIRE) -- Healthnostics, Inc. (OTC:HNSO), a
medical and biotechnology information and technology company, is pleased to
provide the following update on specific milestones and the company's progress
to date for 2008.
GMD
Since our acquisition of a major interest in GMD, Inc., in April 2008, a
nationwide Durable Medical Equipment provider that specializes direct consumer
diabetic supplies, GMD has had a record fiscal year that ended June 30, 2008,
the results or which will be announced shortly. In this current first quarter,
GMD continues to grow at the strong pace announced in June, 2008.
Debt Reduction
Healthnostics eliminated $800,000 in long-term debt in March 2008 and in the
process received a $250,000 investment from the company's Chief Financial
Officer, demonstrating management's strong belief in the company's value and its
long-term prospects.
http://www.MedBioWorld.comIn late 2007, Healthnostics announced the expansion of the MedBioWorld Portal
database content to over 24,000 listings of medical and biotechnology journals,
organizations and technical resources. Most significant was the journal listing
expansion to nearly 13,000 including the Journal Citation Reports lists of the
world's leading journals that added significant value for our growing user base.
To date and in all these aspects, MedBioWorld expansion continues.
For further information on Healthnostics' companies, please visit
http://www.healthnostics.com, GMD
http://www.globalmeddirect.com, MedBioWorld
http://www.medbioworld.com, MedNets
http://www.mednets.com, and FamilyMedicalNet
http://www.familymedicalnet.com.
This press release may contain certain statements that are not descriptions of
historical information, but are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of
1934. These forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management's current views and are based
on certain assumptions. Actual results could differ materially from the
assumptions currently anticipated.
SOURCE: Healthnostics, Inc.
CONTACT:
Healthnostics, Inc.
Michael Black, 410-295-3388
contact@healthnostics.com
Copyright Business Wire 2008
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