FOR IMMEDIATE RELEASE
New Rochelle N.Y.— October 12, 2005 — OCG Technology, Inc. (OTCBB:OCGT) announced
today that its wholly owned subsidiary PrimeCare Systems, Inc. (“PrimeCare”), has awarded an
exclusive license to Telemédica, S.R.L. (“ Telemédica”), based in Buenos Aires, Argentina.
The agreement gives Telemédica exclusive rights to market the PrimeCare™ Patient Management
System, Version Nine (“PrimeCare™ Version Nine”) in the “Mercosur”, which is South America’s
free trade area, consisting of Argentina, Brazil, Paraguay, Uruguay, and Chile. Telemédica
plans to use PrimeCare™ Version Nine initially to establish a fully integrated health network
of Doctors and patients in Argentina. Telemédica intends to commence the installation of
PrimeCare™ Version Nine at the beginning of 2006, in clinics in Argentina’s northwest
provinces.
Dr. Elias Hofman, Telemédica’s Chief Medical Officer states, “Due to its functionality,
PrimeCare™ Version Nine is unique among electronic medical records. It is patient and doctor
interactive, flexible, inexpensive, and Internet-based, not requiring expensive computer
hardware or software. Far more than an electronic medical record, the system improves how
ambulatory medicine is delivered.” Dr. Hofman also noted that Argentina is in desperate need
of a national electronic medical registry, and that PrimeCareTM Version Nine could fill this
need. Dr. Hofman is also a Professor in the Universidad Favaloro’s Department of Family
Medicine, located in Buenos Aires; is a founding member of the Sociedad Argentina de
Endocrinología y Metabolismo; is an associate of the International Medical Program at the
Morton Plant Hospital in Clearwater, Florida; and has a medical practice in Buenos Aires.
Dr. Hofman possesses an authoritative knowledge of telemedicine, and has participated in
medical call-in programs for BBC Mundo (BBC’s Spanish language service).
Robert A. Shiver, recently appointed President of PrimeCare comments, “We are extremely
pleased that Dr. Hofman, after investigating many medical record systems and utilizing
PrimeCare™ Version Nine for almost a year, has chosen PrimeCare™ Version Nine as the
backbone to achieve a national electronic medical registry for Argentina.”
Telemédica’s stated mission is to assist Argentina’s 39 million people in living longer and
healthier lives, while lowering healthcare costs and improving the productivity of the Country’s
healthcare investment. The Argentine government’s healthcare expenditure is $13 billion per year,
which is about 8.4% of Argentina’s GDP. Telemédica believes that, if widely implemented,
PrimeCare™ Version Nine could reduce this expenditure, saving the healthcare system a minimum
of $500 million yearly. Savings would come primarily from PrimeCare™ Version Nine’s enhanced
diagnostic capabilities and improved, system-wide administrative functions. PrimeCare™ Version
Nine’s comprehensive knowledge bank of 280 symptom and problem oriented patient-interactive
questionnaires could be used by doctors as a tool to avoid diagnostic pitfalls. PrimeCare™
Version Nine could enable Argentinean Doctors and healthcare administrators to better manage
patient information through real time access to up-to-date data monitoring of resources, costs,
treatment efficacy, patient flow, patient satisfaction rates, and staff efficiency allowing them
to optimize decisions.
About OCG Technology, Inc. (“OCGT”):
OCGT, and its wholly owned subsidiary PrimeCare Systems, Inc., has developed, owns, maintains, updates,
expands and markets the PrimeCare™ Version Nine (
www.versionnine.com), and several
related Internet sites that use various sections of PrimeCareTM Version Nine:
www.PrimeCareOnTheWeb.com,
www.YourOwnDoctor.com and
www.YourOwnHealth.com.
PrimeCare™ Version Nine is a specially written front-end application designed to be
downloaded by the client via a web connection, and then installed at the client’s location
using standard Windows installation procedures. This greatly simplifies and reduces the
cost of both user installation and system maintenance.
A Safe Harbor Statement:
The statements that are not historical facts contained in this release 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 OCGT intends that such forward-looking statements
be subject to the safe harbors created thereby. These forward-looking statements include
predictions, estimates and other statements that involve a number of risks and uncertainties
any, or all, of which could cause actual results to differ materially from any future
performance suggested herein. While this outlook represents OCGT’s current judgment on the
future direction of the business, such risks and uncertainties may individually, or mutually,
impact the matters herein described, including but not limited to product acceptance,
economic, competitive, governmental, results of litigation, technological and/or other
factors, which are outside the control of OCGT as well as those risks and uncertainties
detailed in the Company’s Security and Exchange Commission filings.
Company Contact:
OCG Technology, Inc.
Executive Vice President
Jeffrey P. Nelson
(914) 576-8464, ext. 27
InvestorRelations@ocgt.com
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