New Mexico Software Prevails in Lawsuit
Judge Orders Premier Medical to Pay Company $636,000
ALBUQUERQUE, N.M. – February 28, 2012 -- New Mexico Software, Inc., d/b/a Net Medical Xpress (OTC Bulletin Board NMXC), a developer of medical IT solutions and services that enable improved and faster communication within the healthcare community, announced today that the company’s long standing suit brought by Premier Medical Enterprise Solutions, Inc. has been concluded with judgment in favor of New Mexico Software.
The court ordered that all claims brought by Premier Medical against New Mexico Software and/or Richard Govatski, its CEO, be dismissed. In addition, the court granted a judgment in favor of New Mexico Software on liability in its counterclaim for $636,605.88. The claims for damages against New Mexico Software were denied.
Govatski said, “We are pleased to have this action against us settled in our favor. We are reviewing our options on collection actions and we will pursue this judgment further.”
About Net Medical Xpress, a trade name of New Mexico Software, Inc.
Net Medical Xpress develops and provides medical IT services and solutions that enable improved and faster communication within the preventative, comprehensive and critical healthcare segments. For more information, visit www.netmedical.com or www.nmxs.com or contact Dick Govatski, president and CEO, at 505-255-1999 or email@example.com.
An investment profile on New Mexico Software may be found at http://www.hawkassociates.com/profile/nmxc.cfm. To receive future releases in e-mail alerts, sign up at http://www.hawkassociates.com/about/alert.
For more investor-related questions contact Frank Hawkins, Hawk Associates, at 305-451-1888 or firstname.lastname@example.org.
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company’s financing plans; (ii) trends affecting the company’s financial condition or results of operations; (iii) the company’s growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” “intend” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company’s Forms 10-K and 10-Q filed with the SEC.