MTBC Re-elects Directors and Reflects on Year of Growth at Annual Shareholders' Meeting
June 18 2017 - 8:15PM
Marketwired
MTBC Re-elects Directors and Reflects on Year of Growth at
Annual Shareholders' Meeting
SOMERSET, NJ-(Marketwired - Jun 19, 2017) - MTBC (NASDAQ: MTBC)
(NASDAQ: MTBCP), a leading provider of proprietary, cloud-based
healthcare IT and revenue cycle management solutions, today
announced that its shareholders held their 2017 annual meeting on
June 15, 2017.
At the annual meeting, the shareholders re-elected Mahmud Haq,
the company's founder and CEO, and Cameron Munter, a former
Ambassador of the United States of America to Pakistan, to serve
another term on its board of directors. They will continue to serve
alongside of Anne Busquet, former president of American Express
Interactive Services and New Business Development; Howard Clark,
Jr., the company's audit chairman, the former CFO of American
Express and former Chairman and CEO of Shearson Lehman Brothers,
Inc.; John Daly, a former EVP and director of E.F. Hutton &
Company; and Stephen Snyder, an M&A and healthcare attorney who
serves as the company's president. MTBC's board of directors and
executives together own almost 50% of the company's common
stock.
In his prepared comments, Haq said, "2016 was an exciting year
of achieved milestones for MTBC, including the closing and
integration of our largest acquisition to date and our ramp-up in
late 2016 of an experienced team of sales professionals with a
track record of success in our space. We have had a strong start to
2017 with four new cross-marketing partnerships with industry
leaders, two consecutive quarters of greater than 60%
year-over-year revenue growth and new product releases."
Final voting tallies from this year's meeting are subject to
certification and are included in the Company's most recent Form
8-K filed with the Securities and Exchange Commission.
About MTBC MTBC is a healthcare information technology company
that provides a fully integrated suite of proprietary web-based
solutions, together with related business services, to healthcare
providers throughout the United States. Our integrated
Software-as-a-Service (SaaS) platform helps our customers increase
revenues, streamline workflows and make better business and
clinical decisions, while reducing administrative burdens and
operating costs. MTBC's common stock trades on the NASDAQ Capital
Market under the ticker symbol "MTBC," and its Series A Preferred
Stock trades on the NASDAQ Capital Market under the ticker symbol
"MTBCP."
For additional information, please visit our website at
www.mtbc.com.
Forward-Looking Statements This press release contains various
forward-looking statements within the meaning of the Securities Act
of 1933, as amended, and the Securities Exchange Act of 1934, as
amended. These statements relate to anticipated future events,
future results of operations or future financial performance. In
some cases, you can identify forward-looking statements by
terminology such as "anticipate", "believe", "continue", "could",
"estimate", "expect", "goals", "intend", "likely", "may", "plan",
"potential", "predict", "project", "will" or the negative of these
terms or other similar terms and phrases.
Our operations involve risks and uncertainties, many of which
are outside our control, and any one of which, or a combination of
which, could materially affect our results of operations and
whether the forward-looking statements ultimately prove to be
correct. Forward-looking statements in this press release include,
without limitation, statements reflecting management's expectations
for future financial performance and operating expenditures,
expected growth, profitability and business outlook, increased
sales and marketing expenses, and the expected results from the
integration of our acquisitions.
Forward-looking statements are only current predictions and are
subject to known and unknown risks, uncertainties, and other
factors that may cause our actual results, levels of activity,
performance, or achievements to be materially different from those
anticipated by such statements. These factors include, but are not
limited to, the company's ability to manage growth; integrate
acquisitions; effectively migrate and keep newly acquired customers
and other important risks and uncertainties referenced and
discussed under the heading titled "Risk Factors" in the Company's
filings with the Securities and Exchange Commission. Although we
believe that the expectations reflected in the forward-looking
statements contained in this press release are reasonable, we
cannot guarantee future results, levels of activity, performance,
or achievements.
The statements in this press release are made as of the date of
this press release, even if subsequently made available by the
Company on its website or otherwise. The Company does not assume
any obligations to update the forward-looking statements provided
to reflect events that occur or circumstances that exist after the
date on which they were made.
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SOURCE MTBC
Investor and Company Contact: Bill Korn Chief Financial Officer
Medical Transcription Billing, Corp. bkorn@mtbc.com
732-873-5133
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