Nightingale Ranked the 29th Fastest Growing Technology Company in Canada in the Deloitte Technology Fast 50(TM)
23 Settembre 2010 - 2:25PM
PR Newswire (Canada)
MARKHAM, ON, Sept. 23 /CNW/ -- MARKHAM, ON, Sept. 23 /CNW/ -
Nightingale Informatix Corporation (TSX-V: NGH) ("Nightingale" or
the "Company"), an application service provider (ASP) of electronic
medical record (EMR) software and related services is ranked among
the Deloitte Technology Fast 50(TM), a ranking of the 50 fastest
growing technology companies in Canada, based on the percentage of
revenue growth over five years. Nightingale's increase in revenues
of 880 percent from 2005 to 2009 resulted in a 29th place ranking.
Nightingale's President and CEO, Sam Chebib, credits the Company's
focus on developing innovative healthcare technology and its
commitment to Fanatic Customer Service with Nightingale's 880
percent revenue growth. Chebib said, "Nightingale has proven its
commitment to providing the best-in-class EMR solution to
physicians in the North American market. We are proud to be
recognized by the Deloitte Technology Fast 50(TM) and will continue
to lead the EMR market in Canada through continuous innovation and
an unwavering commitment to the success of our customers." For over
13 years, the Deloitte Technology Fast 50(TM) program has tracked
the successful growth of Canadian-grown global leaders. Now
Canada's pre-eminent technology award program, the Deloitte
Technology Fast 50(TM) augments the broader Deloitte North American
Fast 500 initiative, with winners automatically eligible for this
ranking. "Canadian technology companies have demonstrated some very
impressive growth numbers over the past year, amid the challenges
of an uncertain global economic recovery," said John Ruffolo,
National Leader, Technology, Media & Telecommunications
Industry Group, Deloitte. "Nightingale is an example of the
determination, drive, and skill that will serve to position them
for further growth and success in the years to come." To qualify
for the Deloitte Technology Fast 50(TM) ranking, companies must
have been in business for at least five years, have revenues of at
least $5 million, be headquartered in Canada, own proprietary
technology, and conduct research and development activities in
Canada. A panel of industry experts evaluates and judges companies
based on four criteria: competitive advantage; size, growth, and
market attractiveness; management effectiveness and organization;
and financial performance. About Nightingale Informatix Corporation
Nightingale is one of the fastest growing health care service and
software companies in North America. It is recognized as an
industry leader in Web-based (ASP) clinician and community based
electronic medical records (EMR) serving the needs of small primary
care practices, multi-physician outpatient clinics, and large scale
regional health organizations and networks. Coupled with integrated
practice management, transcription and revenue cycle management,
Nightingale's comprehensive service offering allows customers to
enhance patient care, increase revenue opportunities and optimize
operations. Nightingale is continuously innovating and enhancing
its services to meet the needs of its growing and diverse customer
base. Nightingale - Healthcare connected. www.nightingalemd.com
About the Deloitte Technology Fast 50(TM) The Deloitte Technology
Fast 50TM program is Canada's pre-eminent technology awards
program. Celebrating business growth, innovation and
entrepreneurship, the program features four distinct categories
including the Technology Fast 50(TM) Ranking, Companies-to-Watch
Awards (early-stage Canadian tech companies in business less than
five years, with the potential to be a future Deloitte Technology
Fast 50(TM) candidate,) Leadership Awards (companies that
demonstrate technological leadership in four industry
subcategories: hardware/semiconductor, software, telecommunications
and emerging technologies) and the Deloitte Technology Green
15(TM)Awards (Canada's leading GreenTech companies that promote a
more efficient use and re-use of the earth's resources in
industrial production and consumption.) Program sponsors include
Deloitte, Gowlings, GrowthWorks, TMX Group, Wellington Financial,
HKMB Hub International, National Angel Capital Organization, CVCA,
MaRS and IGLOO Software. For further information, visit
www.fast50.ca. Forward Looking Statement This press release
contains "forward-looking statements" respecting the issuance and
cancellation of securities of the Company within the meaning of
applicable Canadian securities legislation. Generally,
forward-looking statements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Nightingale to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to the speculative nature of the medical software industry,
which is affected by numerous factors beyond Nightingale's control;
the ability of Nightingale to successfully integrate its
acquisitions and any liabilities arising as a result of such
acquisitions, access to capital and agreements with its Lenders;
the existence of present and possible future government regulation;
access to debt or equity financing and agreements with its Lenders;
the significant and increasing competition that exists in the
medical software industry; the early stage of Nightingale's
business; and therefore it is subject to the risks associated with
early stage companies, including uncertainty of revenues, markets
and profitability and the need to raise additional funding. All
material assumptions used in making forward-looking statements are
based on management's knowledge of current business conditions and
expectations of future business conditions and trends. Although
management believes the assumptions used to make such statements
are reasonable at this time, our assumptions may not to be as
anticipated, estimated or intended. Certain material factors or
assumptions applied by management in making forward-looking
statements, include without limitation, factors and assumptions
regarding Nightingale's continued ability to fund its business,
rates of customer defaults, relationships with, and payments to,
lenders, demand for Nightingale's products, as well as
Nightingale's operating cost structure. Although Nightingale has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Nightingale
does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with
applicable securities laws. Further information on Nightingale
Informatix Corporation is available at www.sedar.com. Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. %SEDAR: 00022709E Kristen Dickson, M.Sc., Account
Executive, Equicom, a TMX Group Company, Tel: 416.815.0700 ext.
273, kdickson@equicomgroup.com
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