From the Wires
JC Data Solutions Company Update
By: Marketwired .
Dec. 28, 2012 09:30 AM
DALLAS, TX -- (Marketwire) -- 12/28/12 -- JC Data Solutions (PINKSHEETS: JCDS), is a provider of innovative and cost-effective solutions for digital data processing and management focusing on the Oil & Gas, Legal and Healthcare industries.
Our Payment Manager software and service continues to expand and until recently has been the supporting core of our business and its development efforts.
JC Data Solutions has been in the process of developing two new products over the last two years for both the Oil & Gas and Healthcare industries. JCDS teamed with other companies to develop these new products. Because of this teaming, two new companies have been formed both 50% owned by JCDS.
Claims Expeditors, LLC was formed with Turbo Claims and Aeris Solutions, LLC was formed with Pago Solutions. Aeris Solutions' product is still in development and is scheduled for completion by the end of April, 2013. This product, a variation of the Payment Manager system, is designed to support state and federal land lease bids for the oil and gas industry. We are excited about the potential of this new product and as it nears completion more information will be released.
Claims Expeditors, LLC has developed Appeal Manager which is designed to facilitate the collection of zero or partial paid claims from independent insurance companies. By utilizing patient information, the Explanation of Benefits and the Summary Plan Description, Appeal Manager presents the required information along with federal regulations, namely ERISA, to the insurance companies in a systematic way to recover those uncollected funds.
This product is set for release January 7th, 2013 and has several healthcare clinics already committed for the online service. Claims Expeditors has contracted the services of a sales force that has offices throughout the U.S. More information will be released as we roll out this product.
"We have been focused on the growth of our business over the last few years and we are eager to start putting our long efforts of development in releasing Appeal Manager to the market place. With the success of our Payment Manager product over the last several years, Appeal Manager is a welcomed addition. The development of both new products encountered unforeseen delays which lead to the delay in releasing any of this information to the public. We are still a non-reporting Pinksheets company but hope to release unaudited financials before the end of our fiscal year, June 30th, 2013," says Cary Allen, CEO, JC Data Solutions, Inc.
This press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995. Statements in this release that are "forward-looking statements" are based on current expectations and assumptions that are subject to known and unknown risks, uncertainties or other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Actual results could differ materially because of factors such as: the effect of general economic and market conditions, entry into markets with vigorous competition, market acceptance of new products and services, continued acceptance of existing products and services, technological shifts, and delays in product development and related product release schedules, any of which may cause revenues and income to fall short of anticipated levels.
All information in this release is as of the date of this release.
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