ELM TECHNOLOGIES, INC. FORMS STRATEGIC BUSINESS DEVELOPMENT PARTNERSHIP WITH HEALTHCARE INFORMATION SYSTEMS (HCIS)
HOUSTON, TX - May 7, 2008 – ELM Technologies, Inc. (OTC-ETGS PinkSheets) the provider of innovative workforce modeling and scheduling solutions to the long-term care market, today announced the signing of a strategic business development partnership agreement with Healthcare Information Systems (HCIS), the Group Purchasing Organization (GPO) focused on serving long-term care communities.
HCIS is an established GPO focused on cost containment and sustaining efficiencies for long-term care providers. HCIS contracts with leading manufacturers and distributors of quality products that deliver savings to LTC facilities on technology, groceries, nursing supplies, linens, paper, chemicals, and more.
"We are very excited about partnering with such a professional and respected organization that is focused on delivering value to their long-term care clients with our human capital optimization suite," stated Barbara Rivera, President of ELM. Barbara added "This alliance will provide the HCIS clients with the solution for their clients to discover new efficiencies."
The key benefits being introduced to the 500+ HCIS clients, include:
• Lower labor costs by reducing overtime and excessive over-staffing.
• Increase in staff productivity by allocating the appropriately skilled caregivers at the right time.
• Increased employee satisfaction & retention by producing schedules that aligns with their life’s (on and off the job).
About ELM Technologies, Inc.
ELM Technologies, Inc., based in Houston, Texas, offers a new and improved method to traditional staff scheduling among long term care facilities and nursing homes. ELM Technologies, Inc. has an exclusive license to market and sell a unique and proprietary workforce modeling and scheduling solution from EmLogis, Inc. that both identifies a significant cost reduction and delivers reduced employee turnover with increased staff preferences by removing inherent inefficiencies in scheduling hourly long term care employees. ELM provides the exclusive rights to market the GENERATORTM solution from EmLogis, Inc. to long term care facilities as a Software-as-a-Service.
For more information about ELM Technologies, Inc. visit: www.elmtechco.com
About Healthcare Information Systems
HCIS was formed over 20 years ago to provide a comprehensive purchasing program for long-term care facilities. Currently, HCIS has the purchasing power of over 500 Nursing Facilities and 40,000+ beds in twelve states. HCIS provides integrated cost containment and revenue enhancing services to the long term care industry. Among the offerings is the original group purchasing system, Medicare Part A and B claims management, nurse consulting and consultant dietician services.
For more information about Healthcare Information Systems visit: www.hcis-mbs.com
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Contact Information:
Michael Rubash
ELM Technologies, Inc.
(713) 339-3025
info@elmtechco.com