RENO, Nev., June 15, 2011 /PRNewswire/ -- Visual Healthcare Corp. (the "Company") (NASDAQ OTC: VSHC) is pleased to be able to announce today that it expects revenues for the fourth quarter of fiscal 2011 to be between $1,050,000 and $1,150,000. The mid-range of the current guidance is a record high since inception and represents a substantial increase from previous quarters in 2011. Based on these figures the Company can provide further guidance regarding year end revenues for the entire year which is expected to be between $1,460,000 and $1,550,000.
Final year end results will be released on August 30th, 2011. The Company will hold a conference call to discuss 2011 financial results Wednesday, August 31st, 2011, at 11:00 AM EDT. Contact information will be provided on company website.
Company Chairman, Mr. Gerard Dab largely credits changing conditions in the American healthcare market, including new regulations, for the company performance in 2011. New products and services have been ushered in but would not have been as well received if the market had not been more receptive than ever before in the company's 12 year history.
ABOUT VISUAL HEALTHCARE
Visual Healthcare Corp., since 1998, designs, creates and develops innovative information platforms, specifically conceived for the automation of a wide range of scientific disciplines. These include pharmaceutical research, clinical trials, laboratory automation, true quality assurance tools, total quality control applications. They also include quantitative analytic tools such as proprietary frameworks for electronic health records, electronic prescription, infection and disease control, and smart cancer registries. The company's extensive portfolio of proprietary technologies is the result of a unique collaboration between senior clinicians from the McGill University Faculty of Medicine and affiliated tertiary care centers, medical software architects, and a Fortune 100 healthcare service company, investing some $50 million in the process. The Company licenses its technology to operating companies in exchange for an equity stake or a royalty stream. It owns significant stakes in various companies including VisualMED Clinical Solutions Corp. (NASDAQ OTC: VMCS), a leader in the field of electronic health records.
For more information, please visit: www.visualhealthcarecorp.com.
FORWARD- LOOKING STATEMENTS
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
Gerard Dab, CEO
Visual Healthcare Corp.
|SOURCE Visual Healthcare Corp.|
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