DMH International (OTCBB: DMHI), announced today that their wholly-owned subsidiary, Touch Medical Solutions, Inc (TMSI) has reached an agreement with MyDICOM LLC and Changzhou Wealth Information & Technology Co., Ltd to market and distribute their medical imaging software suite, TouchPACS, in the Chinamarketplace.
"The agreement allows for the Chinese regulatory process for our PACS software to begin," explained Rik J Deitsch, CEO of DMH International. "The launch into China is expected to provide near-term sales as well as consistent growth in subscription revenues month over month," he concluded.
According to Maverick China Research, a China-based market research firm, the Chinese PACS (Picture Archiving and Communications Systems) market was 1.04 billion RMB ($164.4 million) in 2011. It is projected to rise to 2.6 billion RMB($411.2 million) by 2015. PACS adoption in China is about eight to 10 years behind the U.S. market, potentially allowing new players to take advantage of this growth.
About DMH International.DMH International, through its subsidiary, Touch Medical Solutions, is a medical software and device company specializing in PACS (Picture Archiving and Communications Systems), EHR (Electronic Hospital records), EMR (Electronic Medical Records), PHR (Personal Health Records), Medical Transcription, and Paperless Medical Office Solutions. For additional information about Touch Medical Solutions, visit: http://www.dmhintl.com
SEC DisclaimerThis press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in DMH International's ("the Company's") business plan. The agreement with MyDICOM LLC and Changzhou Wealth Information & Technology Co., Ltd should not be construed as an indication in any way whatsoever of the future value of the Company's common stock or its present or future financial condition. The Company's filings may be accessed at the SEC's Edgar system at www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
SOURCE DMH International