Connectyx Technologies Holdings Group, Inc. (CTYX.PK) provides healthcare related intelligent software tools for the healthcare industry. It offers Med Flash, a Universal Serial Bus (USB) storage device for medical information, which could be worn as a necklace or used as a key chain.
MedFlash enables patients to maintain their personal health records via the Internet, which includes a portable USB flash drive that could be used on any computer with complete privacy, but have available at critical moments. The company also provides MRN Manager, a suite of medical revenue cycle management software products, which offers business management solutions to physicians, hospitals, and other medical providers. It sells its products directly, as well as through internal sales team, distribution partners, and software channel partners.
During a recent conference call, Mr. Schuman explained how Connectyx is no longer a start-up company, and that the MedFlash product is developed, functional, and has members in all 50 states. The Company’s goal is to have 1.2 million subscribers/members by the end of 2011. Mr. Schuman also discussed that MedFlash is being sold in dozens of well-known retail outlets including national drug and grocery store chains that include locations in Walgreens and Harris Teeter, amongst others.
William Carlson, MD., Advisory Chief Medical Officer and Director of Connectyx, stated, “As we move farther into federally mandated electronic storage requirements and sophisticated communication platforms, management believes the individual’s role will emerge as the key element to the success of these initiatives.”
The Company continues generating revenues since the product’s launch and they are working to establish MedFlash as one of the market leaders in this new sector.
Connectyx’s stock price is a buy and looks to have bottomed out at its current low of .0008.
Disclosure: Writer receives no compensation from the company.
