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Dispensing Solutions Carves Out eDispense Technology to Form POC Network Technologies

PNT Shares Distributed to Current DSI Shareholders, Board Representation Remains Same

SANTA ANA, Calif.--(BUSINESS WIRE June 17, 2008)--Dispensing Solutions Inc. (DSI), a pharmaceutical supply chain company, has carved out its eDispense® technology and related technology assets to form POC Network Technologies Inc. (PNT). Shares of PNT are being distributed to DSIs current shareholders. PNT will have the same board representation as its source company.

The spin-off will permit DSI to concentrate on its core competency while allowing PNT to focus its efforts on expanding into new non-DSI related markets. The two companies also expect the move to create a number of strategic cross marketing opportunities for both companies.

DSI CEO Guy Bryant says, The PNT management team and I will continue to work hand-in-hand towards the success of both companies.

The evolution of our eDispense technology has gone far beyond just managing point of care dispensing, states Richard Wolpow, co-founder and vice chairman of DSI and CEO of the fledgling PNT. It has advanced into a new tool for medication therapy and disease state management.

PNT is creating many new and exciting applications for the web-based eDispense portal, developing pilot programs with many of the top payors in the industry. PNT is also deploying partnership programs with well-known physician centric technology companies.

I am very excited about the team we have put together to launch this new venture, states Dennis Drislane, chairman of both DSIs and PNTs boards of directors.

Wolpow will serve as PNTs CEO and as a member of its board of directors.

Jack Guinan, who is an industry leader in health care IT initiatives, will be president and CTO in addition to being a board member.

Andrea Serrate, a CPA with years of hands-on management experience in the health care industry, will hold the position of vice president in charge of Development and Specialty Services.

Wolpow discusses eDispenses innovations: One of the first of many new applications launched under PNT is Vaccine Manager. Vaccine Manager is a solution for vaccines administered in a physicians office that previously had benefit coverage under Medicare Part B but are now covered under Medicare Part D. Until the release of this product, physicians did not have an efficient and timely way to submit and get reimbursed for payment. Patients were being denied necessary access to treatment or being required to pay out-of-pocket.

Wolpow continues, The payor market-place understands the benefits of having the real-time connectivity at the point of care that eDispense Vaccine Manager provides. Thats because eDispense offers payors new options as they seek to better manage risk.

POC Network Technologies derives its name from the core components of the newly established company. POC, which stands for point-of-care, speaks of PNTs design and creation of solutions for the effective delivery and reimbursement of products and services at the point-of-care. Network signals PNTs mission of developing and managing physician and payor networks and performing billing services for the administration of drug and vaccines benefits. Technologies rounds out the name, PNTs solutions being managed though an array of proprietary web-based and back-office technologies.

About POC Network Technologies (www.pocnetworktechnologies.com)

POC Network Technologies (PNT) bridges the communication gap between patients, payors and point-of-care providers with eDispense®, its proprietary web-based portal. Leveraging PNTs physician and payor networks as well as its back-office technology, eDispense supports a host of integrated solutions for the effective delivery, reimbursement and administration of products and services at the point-of-care.

About Dispensing Solutions, Inc. (www.dispensingsolutionsinc.com)

Dispensing Solutions, Inc. (DSI) is a pharmaceutical supply chain company that develops integrated dispensing solutions designed to enable optimal patient care. FDA registered and DEA licensed, DSI operates a state-of-the-art pharmaceutical packaging facility in Southern California, providing prepackaged medications to the point of care.

Contact: Andrea Serrate
Tel. 866.613.0945, ext. 305
E-mail: aserratte@pocnettech.com

1221 East Dyer Road #270  
Santa Ana, California 92705
T 866.613.0945 / 714.727.1900   F 714.727.1906
www.pocnetworktechnologies.com

 

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