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Wolfson's HealthTransaction Network(R) Signs Four New Hospital Systems

Health Network Growing

BUFFALO, N.Y., Aug. 13 /PRNewswire/ -- HealthTransaction Network(R) continues to build its innovative national, electronic healthcare network and has announced the participation of several new hospital systems and other healthcare providers.

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Niagara Falls Memorial Medical Center, Medina Memorial Health Care System, and MedFirst Urgent Care have signed long term agreements to participate in the Network. In addition, five independent physicians groups have agreed to join the Network and Bertrand Chaffee Hospital has made a verbal commitment to participate. Paul DeSantis, Bertrand Chaffee CEO, said, "signing the agreement at this point in time is just a technicality."

These four hospital system signings, along with the five physician groups, are in addition to TLC Health Network and Brooks Memorial Hospital, which were announced in late January. Joseph E. Wolfson, President and CEO of HealthTransaction Network(R), said, "these most recent signings increase the number of HTN Network locations to 31 in the Western New York Area."

Network transaction processing operations began in May 2008 with the implementation of merchant processing services at three of the five participating physician groups. In addition, the Company is currently in the final stages of preparing for the implementation of the remaining Network processing operations, including the issuance of consumer healthcare cards at participating hospital system sites. "The Company is on track to complete implementation of this new healthcare network in late August, 2008," Mr. Wolfson said.

In summary, HealthTransaction Network(R) is creating the first-ever electronic healthcare network to provide affordable routine primary, preventive and wellness care services to the uninsured and underinsured population, across the United States. The Network connects healthcare providers and consumers using an electronic transaction network system that quickly, securely and efficiently processes transactions between them. Participation in the Network is open to all healthcare providers and consumers, nationwide. Consumers can gain access to the affordable services by subscribing and obtaining a consumer healthcare card at participating healthcare provider or employer sites.

The Company also announced that it has recently published a white paper document, which was completed by HealthTransaction Network(R) and TLC Health Network of Irving, NY, in conjunction with research firm Insight Associates, Inc. The white paper represents the culmination of nearly five years of research and examines such issues as: the uninsured and underinsured population in America; the inefficient and ineffective distribution and administrative systems supporting the healthcare system; and the rapidly rising cost of healthcare for American citizens. The document is available on the Company's website

Contact: Joseph E. Wolfson

President and CEO

HealthTransaction Network(R)

(716) 250-5042

SOURCE HealthTransaction Network
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