LOS ANGELES, Sept. 27 /PRNewswire-FirstCall/ -- eNotes Systems, Inc. (OTC Bulletin Board:ENSY) announced today the appointment of Mr. Ruben King-Shaw, Jr. as head of the Company's Advisory Board. The Advisory Board will be influential in seeking out strategic alliance partners and fortifying the Company's growth strategies. This announcement comes as the Company engages the services of Pan American Risk Management, LLC (PARMA) of Clarksville, MD.
Mr. King-Shaw is active in the health care industry serving as a senior partner in such firms as Mansa Equity Partners and Pinecreek Healthcare Capital, as well as serving as an advisor to some of the sector's most innovative companies, including Athenahealth, Inc., PulseMD and beginning in January 2007, ExactCost Inc. Mr. King-Shaw, alongside partner JR Murray, are the founding partners of PARMA and together provide both financial advisory and government relations counsel to health care companies. PARMA is also involved in health system improvement, development and transformation projects for the public and private sectors in North America, Latin America and The Caribbean.
In addition to serving as a Director and Advisor to many companies, Mr. King-Shaw is also a Director of WellCare Health Plans, Inc. of Tampa, FL where he is part of the group that took the firm public in 2004. Wellcare has grown from an approximate $800 million market cap in 2004 to its current approximate market cap of $2.37 billion. In May of 2005, Governor George Pataki appointed Mr. King-Shaw to the New York State Commission on Health Care Facilities in the 21st Century, a broad based, non-partisan panel, which examines the needs and capacities of the health care system and makes recommendations to right-size hospitals and nursing homes.
Mr. King-Shaw has extensive expertise in health policy, economics and finance. He served in the George W. Bush Administration from 2001 to 2003 where he led many of the Administration's and HHS Secretary Tommy G. Thompson's health care initiatives as Deputy Administrator and Chief Operating Officer of the Centers for Medicare and Medicaid Services. In that capacity, he directed the day-to-day operations, fraud detection and policy development for the $500 billion Federal agency. Prior to joining the Administration, Mr. King-Shaw was the Secretary of the Florida Agency for Health Care Administration (AHCA). The $11 billion dollar Agency was responsible for Florida's Medicaid, Health Quality Assurance, facility regulation, and managed care regulation activities. He was appointed to head the Agency by Governor Bush on December 30, 1998. Before entering public service, Mr. King-Shaw had fifteen years of experience in health care management.
"As Telemedicine continues to provide innovative and cost reducing technologies to the Healthcare Industry, I am excited about and look forward to working with eNotes as they introduce a new level of privacy and security to patients and healthcare providers," stated Mr. King-Shaw.
Mr. King-Shaw is a graduate of Cornell University's School of Industrial and Labor Relations with a specialty in Labor Economics and currently serves on the School's Advisory Council. He also holds a Master of Health Services Administration and a Master of International Business from The Chapman Graduate School of Business in Miami and the Instituto de Empresas/Center for International Studies in Madrid, Spain.
Company President and CEO, Mr. Jeff Flammang stated, "We are honored and excited about Mr. King-Shaw's involvement with eNotes. His extensive experience in both the private and public Healthcare forum will enhance our strategic alliance opportunities while helping shape our Company's growth as we position ourselves to become a leader in the Telemedicine sector."
About eNotes Systems, Inc.
eNotes Systems, Inc. (eNotes), a telemedicine company providing the world's first completely secure and private data network, develops products and services designed to facilitate e-health solutions for major hospitals, medical facilities, and other healthcare-related centers.
eNotes' proprietary system ensures the secure transmission of medical data while providing real-time, two-way interactive video consultations between healthcare professionals and doctors and patients. Our network will provide healthcare professionals easy access to real-time multi-specialty collaboration, consultation, telediagnostic image transfer and analysis, electronic medical records, education, patient visits, assisted living and home health monitoring initially throughout North America and ultimately worldwide.
The statements in the press release that relate to the Company's expectations with regard to the future impact on the Company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.
Source: eNotes Systems, Inc.