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FOR IMMEDIATE RELEASE
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January 5, 2009
Patient Portal Technologies, Inc. Acquires New Hospital Contracts
Baldwinsville, NY, January 5, 2009 - Patient Portal Technologies, Inc. (OTCBB:
PPRG) (Patient Portal) announced today that it had successfully closed on the
purchase of new contracts to provide patient billing services to six hospitals
in the Northeast Region. These hospitals have a total of 3,200 beds and provide
healthcare services to over 800,000 in patients annually. The company also
acquired corresponding television and technology equipment to support these
hospitals.
The new contracts will add in excess of $3.2 million of additional revenue to
the company on an annualized basis. Company CEO, Xxxxx Xxxxx commented, "This
acquisition further supports our strategy to add new relationships that can
benefit from the broader service offering that Patient Portal provides. In
addition to immediate new revenue, this acquisition offers a platform for us to
add new services to as we further these relationships."
Patient Portal Technologies, Inc. assists hospitals in increasing financial
performance by providing services that improve and enhance the patients
experience before, during and after their hospital stay. These services are
delivered over the company's proprietary platform. The company provides its
products and solutions to hospitals and healthcare facilities throughout the
entire United States
To view the website and obtain Company information go to
xxxx://xxx.xxxxxxxxxxxxx.xxx.
Patient Portal Investor Relations Contact:
Xxxxxxx Xxxxxx
(000)000-0000
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