5021 Indian School Road NE,
• Suite 100,
• Albuquerque
• NM
• 87110
• USA
• www.nmxc.net
Investor Contact: Frank N. Hawkins, Jr. or Julie Marshall · Hawk Associates Inc. · (305) 451-1888 · www.hawkassociates.com
Investor Contact: Frank N. Hawkins, Jr. or Julie Marshall · Hawk Associates Inc. · (305) 451-1888 · www.hawkassociates.com
New Mexico Software Reports Second Quarter 2008; Telemedicine Service Featured in State-wide Stroke Awareness Month Program
New Mexico Software systems are built to be used on the Internet and most applications are controlled from within an Internet browser. Products range from off-the-shelf desktop software to complex enterprise systems, and can be either installed by the customer or hosted by the company. Clients include healthcare providers, government agencies, retail consumers and media/entertainment companies.
Most of the web based products are unique.The company's software applications are mostly delivered as a hosted system. This is known as SaaS or Software as a Service. The market for these products is growing rapidly and New Mexico Software has been a provider for these types of applications for the past 10 years.
Differentiators
COMPANY PRODUCTS
XR-EXpress (X-REX)
XREX is a secure, web-based software that allows medical providers to store, organize and access patient medical diagnostic images such as X-rays, EKG's, MRI's, CT's and ultrasounds. It incorporates biometric devices, digital transcription services, and a customizable workflow model to provide a streamlined process for medical providers.DDS-EXpress (DDS-X)
DDS is a web-based practice management system for dentists. It’s designed to integrate all electronic patient data elements, including images such as photos and x-rays, with accounting, scheduling, insurance and clinical functions.IMedCon
IMedCon is designed for specialists within hospitals to consult with other specialists for diagnosing cases. Remote hospitals are connected to trauma centers to review CT’s, Ultrasounds, and other medical images. Hospitals pay on a per case basis making the IMedCon service inexpensive and affordable.Digital Filing Cabinet v.3.2
DFC3 is an extensive software application to manage information; both digital and paper. The service is low cost and features computer equipment designed for multi-threaded technology. It is built for handling multiple tasks simultaneously and exploits dual core AMD and Intel processors to accelerate OCR, indexing and search engine functions. It integrates with Adobe Acrobat 8.0 Professional to manage forms online. V3.2 is showcasing a new workflow engine, web content management system, and specialized data validation technology.TORC
TORC is a backup and disaster recovery solution for businesses. TORC is offered as a stand-alone or hosted model for hassle-free data backup for every notebook or desktop on a company's network. TORC allows users to create an exact image of a hard disk for data restoration.Santa Fe Linux (Server Edition)
The company's Open Source Linux environment for dual core AMD and Intel processors is available on Tyan supercomputer servers.DFC3 SKD
For OEM customers, customizing applications for document management and paper to digital workflow ideas.Recent News
New Mexico Software Telemedicine Service Featured in State-wide Stroke Awareness Month Program
New Mexico Software Announces First Quarter 2008 Financial Results
New Mexico Software Fiscal 2007 Revenue Increases; Sales Double for XR-EXpress Teleradiology Soultion
New Mexico 3Q’07 Revenue Up 17.1%
New Mexico Software Signs New Customers and Accelerates Sales
- Ability to conclude licensing and marketing agreements necessary to successfully penetrate targeted markets
- Potential competition from larger, better-funded companies
- Ability to strengthen cash flow and the balance sheet
The Outlook Since the beginning of 2006, New Mexico Software has been restructuring how it sells its products. In the past, the company has faced some challenges developing a sales force and distribution channels in order to market its products.
NMXC's goal remains to build regular recurring revenue and put less emphasis on custom programming. NMXC has added more customer support personnel to handle the new customers that are signing on to its medical software systems and document management products.
The evolution in the company's business model is continually adding stability and strength to the company. Many of its customers have been with them for more than 10 years, including nearly all of its longest-standing customers in the entertainment industry.
In the meantime, the market for New Mexico Software’s products is expanding. The company recently announced its foray into the international market through a joint venture with a South American medical company. NMXC's software will be offered in Argentina, Chile, Uruguay and Brazil.
Revenue for the first quarter of 2008 was $235,000. Net loss for the first quarter of 2008 was $73,000.
Management
Chief Executive Officer and President-
Dick
Govatski
Executive Vice President-
Toby
Dickey
Healthcare Division President-
Bruce
Stabile
Technology & Development Vice President-
Rafael
Rubio
Medical Director-
Bruce
A.
Jack, DDS
