InfoLogix Details Strategic Development Plan
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HATBORO, Pa., Jan. 30 -- InfoLogix, Inc. (OTC Bulletin Board: IFLG), a leading provider of mobile workforce technology solutions, today announced that President and Chief Executive Officer David Gulian will conduct meetings with investors on January 30 and 31 to highlight the Company's business strategy and growth plan. InfoLogix recently emerged as a publicly traded mobile workforce technology company following the completion of a $17 million equity financing and a concurrent merger with New Age Translation, Inc. on November 29, 2006. Since inception in 2001, InfoLogix has generated consecutive annual revenue growth to $55.5 million in 2005 and has generated net profits in four out of five years.
InfoLogix provides workforce mobility solutions to enterprises across multiple industries with specialization in healthcare and enterprise workforce automation. InfoLogix solutions enable manufacturers, distributors, retailers and healthcare providers to increase the efficiency, accuracy, and transparency of complex business processes and clinical informatics. The Company's solutions advance real-time access to information throughout an enterprise, and help commercial organizations manage people and assets and improve operational efficiencies in automation. In the healthcare industry, InfoLogix applications address the key objectives of hospitals and medical centers including administrative cost reduction, increased cash flow, improved patient safety and regulatory compliance.
InfoLogix mobile workforce solutions are marketed and sold through a combination of direct selling and indirect selling using a network of strategic alliances and channel partners. To date, InfoLogix has delivered enterprise mobility solutions to over 1,900 customers in North America of which 1,100 are hospitals. InfoLogix is the leading provider of mobile workstations for healthcare organizations, with over 40,000 units in use in the field.
"As demand for and adoption of enterprise mobility solutions accelerates, we see abundant opportunities to leverage our leadership position and well- established customer foundation to gain market share and expand our revenue base within the high-growth healthcare and enterprise workforce automation sectors," said David Gulian, President and Chief Executive Officer of InfoLogix. "The core element of our growth plan is to deepen our role as a technology solutions partner by providing customers with the managed services, business applications, and strategic consulting assistance they need to optimize the productivity of their mobile workforces. We can now develop and implement enterprise-wide strategic mobility plans that integrate with the proprietary applications suite and overall IT strategies of the organization. By extending the full scope of our solutions offering, we dramatically expand our value proposition to the enterprise while improving our overall gross margin on products and services."
Growth Strategy
Using proceeds from the recent equity financing, the Company plans to invest in expanding its direct sales force and business development efforts by executing a channel-partner strategy, developing complementary business applications to enhance its mobile workforce technology suite, and identifying select acquisition opportunities to broaden its professional services capabilities and intellectual property portfolio. Specifically, InfoLogix has identified the following opportunities for growth:
o Develop and market new business applications and "wrap-around" solutions to complement the existing suite of mobile connectivity applications and device and infrastructure solutions
o Establish additional strategic partnerships to create a deeper offering of software and hardware applications
o Acquire service-oriented companies with synergistic
o Broaden the Company's regional presence to additional domestic, emerging centers of healthcare and commercial activity
o Expand the sales force to facilitate planned geographic extension and rojected growth.InfoLogix expects to report financial results for the fourth quarter and fiscal year ended December 31, 2006 in early March.
About InfoLogix
As a leading provider of mobile workforce technology solutions, InfoLogix uses advanced wireless information technology to increase the efficiency, accuracy, and transparency of complex business and clinical processes. With numerous patents, InfoLogix provides strategic consulting, business applications, mobile managed services, end-user platform, connectivity and infrastructure solutions to Fortune 1000 clients including Kraft Foods, Merck and Company, General Electric, News America Corporation, Mercedes Benz, Kaiser Permanente, Adventist Health, Universal Health Services, and Stanford School of Medicine. Founded in 2001, and headquartered in suburban Philadelphia, PA, InfoLogix has been named the sixth fastest growing new business in the United States by Entrepreneur magazine for revenue growth in each of the last three years. InfoLogix is a publicly-traded company (OTC Bulletin Board: IFLG). For more information on InfoLogix, please visit: www.infologixsys.com.
