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SEPTEMBER 3, 2003
LOS ANGELES - CA, September 3
2003- Anthony C. Dike, MD, Chairman and CEO of InterCare DX, Inc, . (OTCBB:
ICCO), announced today that InterCare has entered into a product
partnering and marketing agreement with Meganet Corporation based in
Los Angeles, California.
The parties entered into this partnership
agreement for the purpose of integrating Meganet’s Virtual Matrix
Crypto System Technology into ICE™ Medical Information System.
Under the terms of this agreement, Meganet
and InterCare will undertake to customize the ICE™ software and product
line to accommodate all the following Meganet’s Technologies: VME Sign
for data authenticity; VME Mail for encryption of e-mail at the end-user
level; VME BioDrive—for portable patient data storage on a USB drive
with biometric authentication.
Each party will cooperatively market and
co-brand the products and services that are subject to this agreement to
appropriate prospective buyers worldwide.
“We have great confidence in the talents
and synergies presented by this strategic relationship with Meganet,
whose innovative technology and experience in data security were major
considerations underlying this agreement. We believe that by
integrating Meganet’s Virtual Matrix Crypto System Technology, into
ICE™, we would have achieved a great milestone in accommodating one of
the most critical requirements of HIPAA, with respect to electronic
data confidentiality and security, from a software vendor perspective.''
said Dike.
"This partnership will open up a new
market that will answer the security needs of our healthcare customers,
in this era of HIPAA," said Michael Vaknin, executive vice president,
Meganet.
About Meganet Corporation
Meganet Corporation is a client-focused
data security company committed to the continual development of
revolutionary technologies and innovative information security
solutions. Meganet has developed a revolutionary symmetric encryption
algorithm coined as Virtual Matrix Encryption (VME). The power of VME
results from a unique data mapping technology that creates exceptionally
random cipher text and from its ability to use up to a million-bit key.
Meganet aims at propelling VME to be the industry's standard for
encryption. Established in 1997, Meganet is a privately held California
corporation headquartered in Los Angeles, Calif., with offices in New York,
Washington and Tel Aviv. (URL:http://www.meganet.com)
About InterCare DX,
Inc.
InterCare DX,
is an innovative software products development and services company,
specializing in developing healthcare management and information
systems solutions. The Company develops, markets and resells the
InterCare Clinical Explorer (ICE™), which is designed to integrate every
aspect of the healthcare enterprise. For additional information, visit
www.intercare.com.
NOTE: Statements in
this news release that are not purely historical are forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934 and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and any amendments thereto. Material that
is forward-looking may contain statements about expected future events
and/or financial results that are forward-looking in nature. Editors and
investors are cautioned that such forward-looking statements invoke risk
and uncertainties that may cause the company 's results to differ from
such forward-looking statements. These include, but are not limited to,
economic, competitive, governmental, technological and other factors
discussed in the statements and/or in the company’s filings with the
Securities and Exchange Commission.
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