NEWS BULLETIN RE: MB Software Corporation
2225 E. Randol Mill Road
Suite 305
Arlington, Texas 76011
From: MB Software Corporation
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For Further Information:
AT THE COMPANY
Scott A. Haire Lucy J. Singleton
Chief Executive Officer Shareholder Relations
(817) 633-9400 (817) 633-9400
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FOR IMMEDIATE RELEASE
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November 14, 2003
MB Software Corporation Announces Acquisition of MB Holding Corporation
ARLINGTON, Texas-- (BUSINESS WIRE)--November 14, 2003 - MB Software Corporation
(OTC PK: MBSB), announced today that the Company has acquired MB Holding
Corporation through a merger transaction.
MB Holding Corporation, through its wholly owned subsidiary, Envoii Healthcare,
LLC, has developed a system for transmitting electronic documents in a secure
environment. This system is targeted toward the privacy and data security
requirements of the healthcare industry imposed by the Health Insurance
Portability and Accountability Act of 1996 (HIPPA).
Envoii Healthcare's initial application has been developed for use in the
pharmacy field. This application utilizes a front-end platform designed around a
proprietary operating platform that enables private information between the
end-user and the patient to be transferred in a secure and encrypted envelope,
only viewable to the parties for whom it was originally intended. The Company
believes that the opportunity for this type application extends beyond the
initial pharmacy offering and it will seek to develop or partner with other
companies to bring this type secure data transmission to other areas of the
healthcare industry.
HIPPA requires the Department of Health and Human Services to establish national
standards for electronic healthcare transactions and national identifiers for
providers, health plans and employers. It also addresses the security and
privacy of health data. Adopting these standards will improve the efficiency and
effectiveness of the nation's healthcare system by encouraging the widespread
use of electronic data interchange in healthcare. Additional information about
HIPPA can be found at www.cms.hhs.gov/hippa/hippa2/default.asp.
About MB Software Corporation:
MB Software Corporation (OTC PK:MBSB) is headquartered in Arlington, Texas and
has most recently offered transaction based processing to merchants. The Company
is currently preparing to pursue product and service offerings within
healthcare.
This document may contain forward-looking statements concerning the Company's
operations, current and future performance and financial condition. These items
involve risks and uncertainties such as product demand, market and customer
acceptance, the effect of economic conditions, competition, pricing, the ability
to consummate and integrate acquisitions, and other risks and uncertainties
detailed in the Company's SEC filings. The Company undertakes not obligation to
revise any of these statements to reflect the future circumstances or the
occurrence of unanticipated events.
Scott A. Haire, 817/633-9400
or Shareholder Relations:
Lucy J. Singleton, 817/633-9400