Charles D

Press Release
Source: MedLink International, Inc.
On 3:06 pm EST, Tuesday November 24, 2009
Companies:

Medlink International, Inc.
NEW YORK, NY–(Marketwire – 11/24/09) – MedLink International, Inc. (OTC.BB:MLKNA - News) announced today that it will participate in the Health Information Technology Extension Program. The extension program consists of Regional Extension Centers and a national Health Information Technology Research Center (HITRC).

The regional centers will offer technical assistance, guidance, and information on best practices to support and accelerate health care providers’ efforts to become meaningful users of Electronic Health Records (EHRs). The extension program will establish an estimated 70 (or more) regional centers, each serving a defined geographic area. The regional centers will support at least 100,000 primary care providers, through participating non-profit organizations, in achieving meaningful use of EHRs and enabling nationwide health information exchange.

November 23, 2009 Update:

MEDLINK IS PROFITABLE!!!
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Business Overview

MedLink International, Inc. (“MedLink” or the “Company”) sells and supports a healthcare information enterprise system for physician practices, including a practice management and electronic health record (“EHR”). MedLink’s core product offering is the CCHIT Certified 08 Ambulatory EHR, MedLink TotalOffice EHR, a healthcare information enterprise system that provides physician practices with an entire practice management, clinical decision support and EHR solution. MedLink’s TotalOffice EHR is priced below competing products with similar comprehensive services. MedLink also offers a “lite” version of its application, EHR Lite, which provides physicians with basic EHR functionality at no cost to physicians. The MedLink EHR Lite is offered for physicians through affiliated radiology and laboratory, with the focus of upgrading physicians to the TotalOffice EHR. Through a business partnership, MedLink offers physician practices complete billing, collection, consulting services and use of the TotalOffice EHR, all for a fixed fee.

MedLink’s business strategy is to build critical mass and develop a national presence among small to medium sized physician practices (1 to 20 physicians) by increasing market penetration of the EHR Lite and the TotalOffice EHR. Our strategy is to help physicians select the MedLink EHR Lite as they transition towards full EHR adoption. As part of its growth strategy, MedLink has applied for inclusion as a preferred vendor to a number of Regional Health Information Networks (“RHIOs”) and has partnered with medical societies, radiology centers and laboratories, as well as value-added resellers. MedLink’s strategic partnerships provide a framework for physician adoption of EHR and a captive audience for a focused sales and marketing plan.

MedLink saw its first profitable period during the 3rd quarter of 2009. MedLink is poised for continued growth as the market demand for EHRs has never been more promising given the number of government initiatives to promote adoption of EHRs by healthcare providers. President Obama considers healthcare information technology as a key piece of his plan to fix the nation’s ailing healthcare system and in February 2009, signed the federal stimulus bill which provides more than $35 billion of incentives to help healthcare organizations acquire healthcare information technology. Recent and existing government programs provide funds that represent significant income opportunities for existing EHR users and new EHR adopters.

MedLink is well positioned to capitalize on the demand trend for EHR adoption. MedLink has been selected and is currently working with various not-for profit and government agencies that assist physician practices with the adoption of EHR technology through significant grants up to as much as 85% of the overall cost of the license, training and implementation. Additionally, as of the date of this report MedLink is only one of 4 EHR vendors to reach the 3rd and final phase of the CMS EHR PQRI testing program which will go into effect in January of 2010. As it is likely that the submission of PQRI data to CMS (Medicare and Medicaid) will be one of the foundations for “meaningful use” for physicians to qualify for the $44k-$65k incentives, participation in the CMS PQRI EHR program is likely to present a significant competitive advantage for the Company.

The Company is headquartered in Ronkonkoma, NY with an office Hyderabad, India. The Company’s web site address is www.medlinkus.com.

Business Environment
Economic Stimulus Package Provides Incentives for Physicians to Adopt EHRs

MedLink’s TotalOffice EHR is well-positioned to be a beneficiary of the recently enacted stimulus bill, the American Recovery and Reinvestment Act of 2009 (“ARRA”), which provides incentives for office-based physicians and other providers to adopt electronic health records. Physicians can qualify under either the Medicare or Medicaid provision of ARRA. The Medicare provision includes incentives of up to $44,000 per physician over a 5-year period. The Medicaid provision includes incentives of up to $65,000 per physician over a 6-year period. The funds become available for office-based physicians on January 1, 2011. In order to qualify for incentives, physicians must demonstrate “meaningful use” of a certified EHR. “Meaningful use” is not yet defined, but will likely be defined as measurable results that demonstrate quality, safety and efficiency improvements. The certification requirements, also not yet defined, are likely to be based on the standards adopted by CCHIT and framed around the PQRI data submitted directly to the Centers of Medicare and Medicaid Services (“CMS”).

Medicare Provision: Beginning in 2011, office-based physicians who are “meaningful users” of certified EHRs are entitled to receive up to $44,000 of total Medicare incentive payments over 5 years, from 2011 to 2015. The structure of the maximum incentives physicians can receive is as follows: $15,000 the first year, $12,000 the second year, $8,000 the third year, $4,000 the fourth year and $2,000 the fifth year. Additionally, office-based physicians can qualify for a one-time, “early adopter” incentive of $3,000 if they qualify for the program in 2011 or 2012.

Medicaid Provision: Beginning in 2011, office-based physicians who qualify under the Medicaid provision could collect a total of $65,000, calculated as 85% of EHR costs not exceeding $25,000 in the first year, followed by 85% of annual costs not exceeding $10,000 over the next five years. To be eligible under this provision, office-based physicians must demonstrate “meaningful use” of a certified EHR, and more than 30% of their cases must be attributed to Medicaid, or 20% of their cases attributable to pediatrics. Office-based pediatricians are eligible to receive up to two-thirds of the maximum payment.

Office-based physicians who do not adopt EHR technology by 2015 will see their Medicare payments reduced by 1% in 2015, 2% in 2016, 3% in 2017 and beyond. In 2018 and beyond, the HHS Secretary may decrease one additional percentage point per year (maximum of 5%) contingent upon the levels of overall EHR adoption in the market.

MedLink is particularly well positioned among competing EHR vendors when physicians decide to buy an EHR under this funding incentive. MedLink’s TotalOffice EHR is one of the lowest cost applications in the market, is directly connected to CMS for PQRI submission, and is an approved EHR for New York State subsidies through various RHIO and not-for-profit programs.

Status of Operations
Regional Health Information Networks

As part of its growth strategy to expand its customer base and rapidly increase revenues, MedLink has applied for inclusion as a preferred vendor to a number of RHIOs. RHIOs are quickly becoming key intermediaries to support federal and state financial incentive programs by allocating subsidies and grants to physicians to pay for EHR software and installation. MedLink submitted a number of Requests for Quotations at the beginning of 2009 and has been selected as a preferred vendor by some programs and is still in the final evaluation process for a number of other RHIO and RFQ programs.

MedLink views the RHIO program as a significant key to its rapid growth, and since the inception of the marketing program of select RHIO subsidized programs for physicians, the company has seen request submissions grow exponentially with more bookings in the first week alone than the Company had received all year.

New York City Department of Health

The NYC DOH has a number of initiatives underway to promote the adoption of EHRs in order to collect patient data. As a normal part of its business strategy, MedLink has been in active discussions with the NYC DOH to participate in these initiatives and to promote the installation EHRs as one means for the NYC DOH to accomplish their objectives. MedLink has already established the required protocols for Physicians Measure Reporting as well as specific Syndromic Reporting and is working with the NYC DOH on a number of other initiatives.

Billing Services Partnership

MedLink has partnered with multiple billing companies to offer a complete billing and collection service offering. Billing companies have realized the significant market opportunity of EHRs and the need for the billing industry to align themselves with a CCHIT-certified EHR. The billing companies provide full billing and collections services as well as complete medical office management and group purchasing. MedLink’s partnerships represent a compelling business opportunity as the Company is able to offer a physician practice a CCHIT-certified EHR within a bundled practice management and billing service offering all for a fixed fee with no capital outlay for the TotalOffice EHR by the physician. There are a number of business competitors who are successfully offering this service, and with these partnerships, MedLink will have a more competitive and comprehensive service offering.

Recent Business Developments

MedLink in CMS PQRI 2009 EHR Testing Program

In April 2009, MedLink and its CCHIT 2008 certified MedLink TotalOffice EHR 3.1 was selected by CMS to participate in the Physician Quality Reporting Initiative (“PQRI”) 2009 EHR Testing Program. PQRI is a voluntary quality reporting program that offers financial incentives to eligible healthcare providers. The program provides for the payment of up to 2% of the total allowed charges for covered Medicare Physician Fee Schedule services to eligible healthcare professionals who successfully report PQRI quality measures. PQRI reporting focuses on quality of care measures, such as prevention, chronic care management, acute episode of care management, procedural related care, resource utilization and care coordination. The 2% PQRI payments are in addition to the 2% e-prescribing incentive available to physicians who utilize e-prescriptions tools, available through MedLink’s TotalOffice EHR. MedLink is one of 10 healthcare IT vendors, and only 1 of 9 commercial EHR companies selected to test EHR’s as a tool to facilitate simplifying physician reporting under PQRI.

The PQRI EHR program was recently approved and will go into effect starting January of 2010. Upon completion of Phase 3, MedLink will become one of a select few EHR systems approved by CMS to submit EHR data directly to CMS. This ability should positively influence physicians when deciding among competing EHR vendors to select MedLink as PQRI benefits include increased revenue, better quality reporting, improved productivity and enhanced competitive position. This is another example of how MedLink differentiates itself and puts its technology in the same league as industry leaders. The CMS Project is significant because of the focus on healthcare cost reduction through technology and preventative care. MedLink will give physicians who use MedLink’s products the ability to directly report Quality Measures directly to CMS. This connection allows those physicians to save time and collect money available for such programs much more efficiently.
Regional Health Information Organizations (RHIO)

Currently the MedLink TotalOffice EHR and its related services are at various stages of the selection process with New York Metropolitan area RHIOs including the Interboro RHIO, E-Health Network of Long Island RHIO, Primary Care Information Project (PCIP), Long Island Information Exchange (LIPIX), New York Clinical Information Exchange (NYCLIX) and Brooklyn Health Information Exchange (BHIX). The above referenced RHIO’s have received collectively more than $108 million in HEAL funding and the Company’s current project status vary between the RHIO’s from contract execution and current marketing and rollout, final contract negotiation, integration into the RHIO Health Information Exchange, pilot programs and proof of concepts.

The New York State RHIOs referenced above are funded through HEAL grants. It is anticipated that in 2009 HEAL 10 funds will be granted to support EHR adoption across all regions of New York State. The focus is to coordinate clinical care by supporting and connecting care givers through a PCMH model and the implementation of interoperable health record systems that are linked through the Statewide Health Information Network.

HEAL 10 is building on previous funding programs for information technology and helping to position New York to take maximum advantage of upcoming ARRA stimulus funding. These projects will allow New York to gain critical knowledge and experience in many challenging aspects of implementation including the area of “meaningful use” of information technology that will allow us to better support providers in New York State so they can maximize access to federal stimulus incentive funds.

As a New York based CCHIT Certified 08 Ambulatory EHR Company, MedLink believes that the Company is well positioned to take advantage of the nation’s most aggressive state-wide healthcare IT initiative.

Labs and Imaging Centers

The Company continues to enter into agreements with Labs and Imaging centers. During the 3rd quarter the company signed affiliation agreements with 2nd largest imaging center in New York and one of the largest labs that collectively service more than 5,000 physicians. These partnership and affiliation agreements provide for the centers to market the MedLink TotalOffice EHR and EHR Lite to their referring physician base and assist their physicians in subsidizing the cost of the MedLink TotalOffice EHR under the guidelines of satisfying the electronic health record Stark exception and the EHR anti-kickback safe harbor and pay to integrate their respective lab and radiology systems into the office based EHR of their referring physicians.

Appointment of Dr. Abha Agrawal to Medical Advisory Board
In July 2009, Abha Agrawal, MD, FACP joined the MedLink Medical Advisory Board. Dr. Agrawal is a nationally recognized leader in healthcare IT and serves on important national and regional organizations including as a Commissioner on the Certification Commission on Healthcare Information Technology and a Board Member on New York Clinical Information Exchange (NYCLIX). She was also elected as the 2008 President of Medical Informatics New York, an association of physician leaders in informatics from hospitals, academia and corporations. Dr. Agrawal is the Interim Medical Director of Kings County Hospital Center, Brooklyn, NY. Prior to this role, she was the Chief Medical Information Officer of the Central Brooklyn Family Health Network (CBFHN) and the Associate Medical Director of Kings County Hospital. She is also an Associate Professor of Medicine as well as Medical Informatics at SUNY Downstate Medical Center.

Under her leadership, Kings County has been awarded a number of quality improvement awards driven by clinical information systems. She was responsible for providing thought leadership as well as hands-on-management of the clinical information systems. Prior to coming to Brooklyn, she was the Informatics Coordinator for the VISN1, an integrated network of hospitals and clinics in six New England states. She was appointed as a clinical faculty at Harvard Medical School and as a research scientist at the Brigham and Women’s Hospital.

Value-Added Resellers Program

During the 2nd quarter of 2009, MedLink formalized a program for value-added resellers (“VAR”) of its TotalOffice EHR application. MedLink views VARs as a cost effective way to build its sales and marketing efforts without incurring the direct cost of hiring a large sales force. MedLink added a 3rd VAR in the third quarter and is in discussion with additional VAR’s that are under consideration.

Contractual Obligations

We have contractual obligations to maintain operating leases for property. The following table summarizes our long-term contractual obligations and commitments as of September 30, 2009:


Total Less Than 1 Year 1-3 Years

Operating lease obligations
$399,596 $78,932 $259,000

The commitments under our operating leases shown above consist primarily of lease payments for our Ronkonkoma, New York corporate headquarters.

Off-Balance Sheet Arrangements

As of September 30, 2009 and December 31, 2008, we did not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.

RESULTS OF OPERATIONS
Three Months Ended September 30, 2009 Compared to Three Months Ended September 30, 2008.

The Company’s revenues from continuing operations for the period ending September 30, 2009 and 2008 were $129,543 and $105,606, respectively. The increase in revenue is primarily attributable to reduced increased sales in the MedLink Total Office EHR and integration fees from labs and radiology centers.

Expenses for the period ending September 30, 2009 and 2008 were $115,150 and $1,058,998, respectively. The decrease in 2009 is primarily attributable to decreased stock-based compensation expenses associated primarily with the Company’s management, consultants and healthcare legal advisors.

The Company had net profit/(loss) of $12,308 and ($969,065) for the period ending September 30, 2009 and 2008, respectively. This is the first 3-month period that the company has realized a profit, ahead of management’s goal of a profit on a cash basis of the 4th quarter of 2009. The net profit is primarily attributable to increase sales of the MedLink Total Office EHR, Lab and Radiology Integrations fee’s, the scaleback of the Company’s operations in California and decreased compensation expenses due to decreased stock-based compensation expenses.

Nine Months Ended September 30, 2009 Compared to Nine Months Ended September 30, 2008.

Our revenues from continuing operations for the nine months ended September 30, 2009 and 2008 were $389,514 and $374,125, respectively. The increase in revenue is primarily attributable to reduced increased sales in the MedLink Total Office EHR and integration fees from labs and radiology centers which are both a significantly larger percentage of the Company’s overall revenue.

Operating Expenses for the nine month period ended September 30, 2009 and 2008 were $956,346 and $2,537,085, respectively. The decrease in 2009 is primarily attributable to decreased stock-based compensation expenses associated primarily with the Company’s management, consultants and healthcare legal advisors, reduced rent and affiliated expenses, and increased efficiencies through technology.

We had net losses of ($570,328) and ($2,178,633) for the nine month period ended September 30, 2009 and 2008, respectively. The decrease in net losses resulted primarily from a decreases in compensation expenses due to decreased stock-based compensation expenses and reduced expenses as described above.

Liquidity and Capital Resources

At September 30, 2009, the Company had a working capital deficiency of ($2,011,844). While the Company believes revenue that will be earned from the sales of the MedLink EHR, integration fees from labs and imaging centers as well as recurring revenue from the maintenance and support of its applications will soon be sufficient to sustain the Company’s operations, there can be no guarantee that this will be the case and that the Company will not have to raise additional capital from investors.

The Company expects to experience significant growth over the next several years. As a result of the recent federal stimulus bill, over the next two to five years, an increasing number of physicians will be adopting EHR technology. There will be billions of dollars in public and private initiatives available to facilitate a rapid movement toward adoption. The federal initiative funds will be available to vendors, such as MedLink, who have demonstrated “meaningful use” (such as under CMS PQRI reporting), complied with state EHR requirements and interoperability requirements (such as with NY RHIOs) and have current year CCHIT certification. During the 2nd quarter of 2009, MedLink terminated its investment banking engagement of Shattuck Hammond Partners. The Company’s management made the decision to terminate Shattuck Hammond in conjunction with its decision to bring its capital raising activities internally. As part of its ongoing business strategy, MedLink continues to raise additional capital to execute on its business opportunities.

Critical Accounting Policies
We believe there are several accounting policies that are critical to the understanding of our historical and future performance as these policies affect the reported amount of revenues and expenses and other significant areas and involve management’s most difficult, subjective or complex judgments and estimates. On an ongoing basis, management evaluates and adjusts its estimates and judgments, if necessary. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingencies. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may be materially different from those estimates. These critical accounting policies relate to revenue recognition, allowance for doubtful accounts, capitalized software development costs, stock-based compensation and income taxes. Please refer to Note 1 of the audited Consolidated Financial Statements for further discussion of our significant accounting policies.

The preparation of financial statements and related disclosures requires management to make judgments, assumptions and estimates that affect the amounts in the Consolidated Financial Statements and accompanying notes. Note 1 to the Consolidated Annual Report on Form 10-K for the year ended December 31, 2008 describes the significant accounting policies and methods used in the preparation of the Consolidated Financial Statements. Estimates are used for, but not limited to, goodwill impairment and long-lived asset impairments. The following critical accounting policies are impacted significantly by judgments, assumptions and estimates used in the preparation of the Consolidated Financial Statements.

Revenue Recognition

Revenues are derived from licensing of computer software and professional services (including implementation, integration, and training) and the sale of computer hardware. We evaluate revenue recognition on a contract-by-contract basis as the terms of each arrangement vary. The evaluation of our contractual arrangements often requires judgments and estimates that affect the timing of revenue recognized in our statements of operations. Specifically, we may be required to make judgments about:

� whether the fees associated with our software and services are fixed or determinable;
� whether collection of our fees is considered probable;
� whether professional services are essential to the functionality of the related software;
� whether we have the ability to make reasonably dependable estimates in the application of the percentage-of-completion method; and
� whether we have verifiable objective evidence of fair value for our software and services.

Allowance for Doubtful Accounts

In evaluating the collectability of our accounts receivable, we assess a number of factors, including a specific client’s ability to meet its financial obligations to us, as well as general factors such as the length of time the receivables are past due and historical collection experience. Based on these assessments, we record a reserve for specific account balances as well as a reserve based on our historical experience for bad debt to reduce the related receivables to the amount we ultimately expect to collect from clients. If circumstances related to specific clients change, or economic conditions deteriorate such that our past collection experience is no longer relevant, our estimate of the recoverability of our accounts receivable could be further reduced from the levels provided for in the Consolidated Financial Statements.

Goodwill
ASC Topic 350, formerly SFAS No. 142, “Goodwill and Other Intangible Assets,” classifies intangible assets into three categories: (1) intangible assets with definite lives subject to amortization; (2) intangible assets with indefinite lives not subject to amortization; and (3) goodwill. For intangible assets with definite lives, tests for impairment must be performed if conditions exist that indicate the carrying value may not be recoverable. For intangible assets with indefinite lives and goodwill, tests for impairment must be performed at least annually or more frequently if events or circumstances indicate that assets might be impaired. Our acquired technology and other intangible assets determined to have definite lives are amortized over their useful lives. In accordance with SFAS No. 142, if conditions exist that indicate the carrying value may not be recoverable; we review such intangible assets with definite lives for impairment. Such conditions may include an economic downturn in a market or a change in the assessment of future operations. Goodwill is not amortized. We perform tests for impairment of goodwill annually, or more frequently if events or circumstances indicate it might be impaired. We have only one reporting unit for which all goodwill is assigned. Impairment tests for goodwill include comparing the fair value of the company compared to the comparable carrying value, including goodwill.

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Accounting for Stock-Based Compensation

ASC Topic 505, formerly SFAS 123 (“SFAS 123(R)”) requires compensation costs related to share-based payment transactions to be recognized in the statement of operations. With limited exceptions, the amount of compensation cost is measured based on the grant-date fair value of the equity or liability instruments issued. In addition, liability awards will be re-measured each reporting period. Compensation cost will be recognized over the period that an employee provides service in exchange for the award. In 2009, the Company used the black-scholes option pricing model for estimating the fair value of the options granted under the company’s incentive plan.

Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing earnings available to common shareholders by the weighted-average number of common shares outstanding for the period as required by ASC Topic 260, formerly the Financial Accounting . . .

October 7, 2009 – Update: News

RONKONKOMA, NY, Oct 07, 2009 (MARKETWIRE via COMTEX) – MLKZE | Quote | Chart | News |PowerRating — MedLink International, Inc. (OTCBB: MLKNA | Quote | Chart | News | PowerRating) has announced the hiring of additional personnel in training, customer service and sales support to meet the current and expected demand for implementations of its MedLink TotalOffice EHR application. The new personnel will be based at the company’s corporate headquarters in Ronkonkoma, New York.

We are pleased to welcome our new hires to the MedLink team,” said Ray Vuono, Chairman, CEO and President of MedLink. “We believe that once ‘meaningful use’ for EHRs is defined there will be a further increase in demand for products such as ours, and it is our commitment to be well positioned to offer excellent service to our new as well as existing clients.”

About MedLink International, Inc.:

MedLink is a healthcare IT company that provides the medical community with products and services designed to help create, manage and share medical information. The company’s flagship product, MedLink TotalOffice EHR, a CCHIT Certified(R) 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink’s products and services please visit www.medlinkus.com.

September 15th, 2009 – Update:

Retraction: It turns out that Motley Fool is not following MLKNA afterall. The fact is that a Blogger at the Motley Fool website is following MLKNA and made the recent post. It came through our site as a News Feed and I picked it up as Motley Fool becuase that is how it showed up when the Link was clicked and you were taken to the website. Anyway, we have no Motley Fool coverage.

Nevertheless, that changes nothing about the quality of MedLink and the fact that they are getting deals done. One only has to read the latest SEC Filings to know MedLink is getting very close to busting the doors open with News.

Sorry for the confusion,

Charles D

September 4, 2009 – Update:

The meeting we were expecting yesterday with MedLink International (Ticker: MLKNA) and a major customer took place. I am hearing that the meeting could not have gone better and to expect News VERY SOON. We could possibly get news of a Contract worth Millions $$ as early as Next Week. The wait for News that I have been expecting since the first of July, may finally be over, and stock moving news may be out soon.
It is my opinion that if MLKNA gets news of a multi-million dollar contract the stock will fly. Remember, MLKNA is a software company and all of the costs for development have been expended. The Gross Margins from their sales should be in the 60% range with their SG&A in the 20% range. If MLKNA would land, let’s say for discussion, a $10,000,000 Contract with a GM of 60% = $6,000,000 in GM. IF that is in the ballpark, the NET INCOME attributable to Outstanding Shares is 75% of that or $4,500,000. There are 32.17 Million shares outstanding. Do the math on this. $4.5 Million / 32.17 Million = an EPS of $0.23. There are Tax Loss Carry Forwards that will ensure all of this income hits the bottom line.
At a 100 Multiple, (and I know that sounds high but this company has National Footprint Potential so 100x is not out of the question in my opinion,) Share Price can go to $12.00. Let us say only a 40x multiple = $4.90. In addition, a VERY CONSERVATIVE 20x multiple = a share price of $2.48.
ANY WAY YOU SLICE IT this company is headed much higher on a contract.
If you read the latest 10Q, the company says they are in contract negotiations with several major organizations. It is my opinion that they land contracts with the RHIO’s and that they get the support of the New York Department of Health, which is a huge ENDORSEMENT that will open the floodgates for more contracts. These floodgates are opened because the Dept of Health has TARP money to pay for the installation of MedLink’s TotalOffice installation. MedLink’s TotalOffice will give the Obama Administrations Electronic Health Records (EHR) installation to every doctor or health organization and that is what will be the major push by all of these organizations over the next few years. One major reason is the Swine Flu as MedLink’s TotalOffice can track through “Alerts” who in the system has the medical symptoms for this illness. Not only will Swine Flu be tracked but heart attack potential victims, and many other medical risks. All of great importance to the DOH and the Center for Disease Control (CDC). THIS IS HUGE!
MLKNA currently has about 1,400 of their own clients that are using their MedLink Lite software. If they land these contracts, I believe they will start converting these relationships to MedLink’s full software at a price of $7,000 – $10,000 per customer. Additionally, MLKNA has a combination of other relationships. One of the largest is DOSHI Diagnostics with 19,000 Physicians in New York State, another 7,000 in New Jersey, and 14,000 in Florida. If only a fraction of those sign up for the MedLink TotalOffice, the revenues will sharply increase. MedLink could possibly hit $70,000,000 in revenue over the next year or so.
Check out the company in detail at their website: http://www.medlinkus.com/
This company has a small float (only 14.8 Million shares) and has been trading miniscule share volume causing a wide separation in Bid and Ask quotes. The share volume will rocket on news and the price will pop. Anyone wanting in this stock should be buying it now and, in my opinion, buy at the Ask or just below the Ask as I do not see shares trading anywhere near the Bid.
I am still a Buyer and have never sold a share.
September 3, 2009…Update

I think MedLink must getting close to getting a contract done and therefore I am a buyer again. I have not sold any shares but continue to accumulate.

August 20, 2009 – NEWS:

RONKONKOMA, NY — 08/20/09 — MedLink International, Inc. (OTCBB: MLKNA) is pleased to announce the appointment of Abha Agrawal, MD, FACP to the company’s Medical Advisory Board. Dr. Agrawal is the Interim Medical Director of Kings County Hospital Center, Brooklyn, NY. Prior to this role, she was the Chief Medical Information Officer of the Central Brooklyn Family Health Network (CBFHN) and the Associate Medical Director of Kings County Hospital. She is also an Associate Professor of Medicine as well as Medical Informatics at SUNY Downstate Medical Center.

Under her leadership, Kings County has been awarded a number of quality improvement awards driven by clinical information systems. Dr. Agrawal was responsible for providing thought leadership as well as hands-on management of the clinical information systems. Prior to coming to Brooklyn, she was the Informatics Coordinator for the VISN1, an integrated network of hospitals and clinics in six New England states. She was appointed as a clinical faculty at Harvard Medical School and as a research scientist at the Brigham and Women’s Hospital.

Dr. Agrawal is a nationally recognized leader in health information technology and serves on important national and regional organizations including as a Commissioner on the Certification Commission on Healthcare Information Technology (CCHIT) and a Board Member on New York Clinical Information Exchange (NYCLIX). She was also elected as the 2008 President of Medical Informatics New York, an association of physician leaders in informatics from hospitals, academia and corporations.

Dr. Agrawal is a physician trained in Internal Medicine (SUNY Downstate) and Medical Informatics (Yale School of Medicine). She has published extensively on information technology in healthcare. She has received numerous awards in health IT including the 2007 National Association of Public Hospitals Safety Net Award in the patient safety category for her work on electronic medication reconciliation and the 2006 IndUS Business Journal award for innovation in healthcare. Recently she was honored with the President’s Award on Doctors’ Day at the NYC Health and Hospitals Corporation. In 2006, she was granted a Fulbright Scholarship as a Senior Specialist in Medical Informatics.

“We are pleased to be working with Dr. Agrawal and the wealth of experience she brings,” said Ray Vuono, Chairman, CEO and President of MedLink. “We believe that Dr. Agrawal’s extensive knowledge and experience in providing Health IT leadership on both a regional and national scale strengthens our management team in key areas that are critical for our next stage of development.”

About MedLink International, Inc.:

MedLink is a healthcare IT company that provides the medical community with products and services designed to help create, manage and share medical information. The company’s flagship product, MedLink TotalOffice EHR, a CCHIT Certified® 08 Ambulatory EHR, provides physicians with full EHR and practice management functionality. For more information regarding MedLink’s products and services please visit www.medlinkus.com.

Contact:
MedLink International
Jameson Rose
Email Contact

August 19, 2009 – Update

Below is the Management Discussion & Analysis (MD&A) but here are some VERY INTERESTING excerpts:

Excerpt 1:
Implementation of Interboro RHIO Contract

The Interboro RHIO is a clinical data exchange serving Queens, northern Brooklyn and surrounding communities in New York City. The Interboro RHIO facilitates the sharing of patient information between authorized healthcare providers at the point of care. Under a $7.7 million New York State HEAL 5 grant, Interboro RHIO will be subsidizing the cost of EHRs for providers within the region.

In early July 2009, MedLink received the draft Master Agreement from Interboro RHIO and met with their executive committee to discuss contract details. The agreed final terms provide that Interboro RHIO will subsidize the MedLink TotalOffice EHR to any healthcare provider in the Interboro service area.

Excerpt 2:
Appointment of Dr. Abha Agrawal to Medical Advisory Board

In July 2009, Abha Agrawal, MD, FACP joined the MedLink Medical Advisory Board. Dr. Agrawal is a nationally recognized leader in healthcare IT and serves on important national and regional organizations including as a Commissioner on the Certification Commission on Healthcare Information Technology and a Board Member on New York Clinical Information Exchange (NYCLIX)

MedLink released 10-Q …

http://biz.yahoo.com/e/090819/mlkna.ob10-q.html

Selected Excerpt:

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Business Overview

MedLink International, Inc. (“MedLink” or the “Company”) sells and supports a healthcare information enterprise system for physician practices, including a practice management and electronic health record (“EHR”). MedLink’s core product offering is the CCHIT Certified 08 Ambulatory EHR, MedLink TotalOffice EHR, a healthcare information enterprise system that provides physician practices with an entire practice management, clinical decision support and EHR solution. MedLink’s TotalOffice EHR is priced below competing products with similar comprehensive services. MedLink also offers a “lite” version of its application, EHR Lite, which provides physicians with basic EHR functionality at no cost to physicians. The MedLink EHR Lite is subsidized for physicians through affiliated radiology and laboratory integration fees, with the focus of upgrading physicians to the TotalOffice EHR. Through a business partnership, MedLink offers physician practices complete billing, collection, consulting services and use of the TotalOffice EHR, all for a fixed fee.

MedLink’s business strategy is to build critical mass and develop a national presence among small physician practices (1 to 10 physicians) by increasing market penetration of EHR Lite and the TotalOffice EHR. As part of its growth strategy, MedLink has applied for inclusion as a preferred vendor to a number of Regional Health Information Networks (“RHIOs”) and has partnered with medical societies, radiology centers and laboratories, as well as value-added resellers. MedLink’s strategic partnerships provide a framework for physician adoption and a captive audience to target a focused sales and marketing plan.

The market demand for EHRs has never been more promising given the number of government initiatives to promote adoption of EHRs by healthcare providers. President Obama considers healthcare information technology as a key piece of his plan to fix the nation’s ailing healthcare system and in February 2009, signed the federal stimulus bill which provides over $19 billion in incentive payments for EHR use. Recent and existing government programs provide funds that represent significant income opportunities for existing EHR users and new EHR adopters.

MedLink is well positioned to capitalize on the demand trend for EHR adoption. MedLink is applying to be chosen as a preferred vendor for RHIO contracts for the implementation of EHR applications for physicians. In addition, MedLink is working with other organizations, including the New York City Department of Health and Mental Hygiene (“NYC DOH”), to implement EHR applications.

The Company is headquartered in Ronkonkoma, NY with offices in Atascadero, CA and Hyderabad, India. The Company’s web site address is www.medlinkus.com.

Business Environment

Economic Stimulus Package Provides Incentives for Physicians to Adopt EHRs

MedLink’s TotalOffice EHR is well-positioned to be a beneficiary of the recently enacted stimulus bill, the American Recovery and Reinvestment Act of 2009 (“ARRA”), which provides incentives for office-based physicians and other providers to adopt electronic health records. Physicians can qualify under either the Medicare or Medicaid provision of ARRA. The Medicare provision includes incentives of up to $44,000 per physician over a 5-year period. The Medicaid provision includes incentives of up to $65,000 per physician over a 6-year period. The funds become available for office-based physicians on January 1, 2011. In order to qualify for incentives, physicians must demonstrate “meaningful use” of a certified EHR. “Meaningful use” is not yet defined, but will likely be defined as measurable results that demonstrate quality, safety and efficiency improvements. The certification requirements, also not yet defined, are likely to be based on the standards adopted by CCHIT and framed around the PQRI data submitted directly to the Centers of Medicare and Medicaid Services (“CMS”).

Medicare Provision: Beginning in 2011, office-based physicians who are “meaningful users” of certified EHRs are entitled to receive up to $44,000 of total Medicare incentive payments over 5 years, from 2011 to 2015. The structure of the maximum incentives physicians can receive is as follows:
$15,000 the first year, $12,000 the second year, $8,000 the third year, $4,000 the fourth year and $2,000 the fifth year. Additionally, office-based physicians can qualify for a one-time, “early adopter” incentive of $3,000 if they qualify for the program in 2011 or 2012.

Medicaid Provision: Beginning in 2011, office-based physicians who qualify under the Medicaid provision could collect a total of $65,000, calculated as 85% of EHR costs not exceeding $25,000 in the first year, followed by 85% of annual costs not exceeding $10,000 over the next five years. To be eligible under this provision, office-based physicians must demonstrate “meaningful use” of a certified EHR, and more than 30% of their cases must be attributed to Medicaid, or 20% of their cases attributable to pediatrics. Office-based pediatricians are eligible to receive up to two-thirds of the maximum payment.

Office-based physicians who do not adopt EHR technology by 2015 will see their Medicare payments reduced by 1% in 2015, 2% in 2016, 3% in 2017 and beyond. In 2018 and beyond, the HHS Secretary may decrease one additional percentage point per year (maximum of 5%) contingent upon the levels of overall EHR adoption in the market.

MedLink is particularly well positioned among competing EHR vendors when physicians decide to buy an EHR under this funding incentive. MedLink’s TotalOffice EHR is one of the lowest cost applications in the market, has one of the simplest installations, both in terms of time and process, and is relatively quick to learn.

Status of Operations

Regional Health Information Networks

As part of its growth strategy to expand its customer base and rapidly increase revenues, MedLink has applied for inclusion as a preferred vendor to a number of RHIOs. RHIOs are quickly becoming key intermediaries to support federal and state financial incentive programs by allocating subsidies and grants to physicians to pay for EHR software and installation. MedLink submitted a number of Requests for Quotations at the beginning of 2009 and is in the final evaluation process for a number of RHIOs in the New York Metropolitan area that have received current funding of more than $108 million in HEAL funding.

RHIO participation represents a key component of MedLink’s growth strategy. MedLink is particularly well positioned in dealing with RHIOs as it is the lowest cost option among competitive offerings and as such, allows the RHIOs to apply their dollars across more physicians. MedLink is positioned to take advantage of these RHIO opportunities as a result of its development process and its adherence to the various standards for handling and transmitting data with networks such as the National Health Information Network and the State Health Information Network of NY. MedLink has already provided data to organizations in various manners and in doing so, has differentiated itself from a technology standpoint which has resulted in various projects becoming available to it in 2009.

New York City Department of Health

The NYC DOH has a number of initiatives underway to promote the adoption of EHRs in order to collect patient data. As a normal part of its business strategy, MedLink has been in active discussions with the NYC DOH to participate in these initiatives and to promote the installation EHRs as one means for the NYC DOH to accomplish their objectives. MedLink has already established the required protocols for Physicians Measure Reporting as well as specific Syndromic Reporting and is working with the NYC DOH on a number of other initiatives.

Billing Services Partnership

MedLink has partnered with multiple billing companies to offer a complete billing and collection service offering. Billing companies have realized the significant market opportunity of EHRs and the need for the billing industry to align themselves with a CCHIT-certified EHR. The billing companies provide full billing and collections services as well as complete medical office management and group purchasing. MedLink’s partnerships represent a compelling business opportunity as the Company is able to offer a physician practice a CCHIT-certified EHR within a bundled practice management and billing service offering all for a fixed fee with no capital outlay for the TotalOffice EHR by the physician. There are a number of business competitors who are successfully offering this service, and with these partnerships, MedLink will have a more competitive and comprehensive service offering.

Recent Business Developments

MedLink in CMS PQRI 2009 EHR Testing Program

In April 2009, MedLink and its CCHIT 2008 certified MedLink TotalOffice EHR 3.1 was selected by CMS to participate in the Physician Quality Reporting Initiative (“PQRI”) 2009 EHR Testing Program. PQRI is a voluntary quality reporting program that offers financial incentives to eligible healthcare providers. The program provides for the payment of up to 2% of the total allowed charges for covered Medicare Physician Fee Schedule services to eligible healthcare professionals who successfully report PQRI quality measures. PQRI reporting focuses on quality of care measures, such as prevention, chronic care management, acute episode of care management, procedural related care, resource utilization and care coordination. The 2% PQRI payments are in addition to the 2% e-prescribing incentive available to physicians who utilize e-prescriptions tools, available through MedLink’s TotalOffice EHR. MedLink is one of 10 healthcare IT vendors, and only 1 of 5 commercial EHR companies selected to test EHR’s as a tool to facilitate simplifying physician reporting under PQRI.

MedLink successfully completed the first phase of this pilot program with CMS in June 2009 and Phase 2 in August 2009. Upon completion of Phase 3, MedLink will become one of a select few EHR systems approved by CMS to submit EHR data directly to CMS. This ability should positively influence physicians when deciding among competing EHR vendors to select MedLink as PQRI benefits include increased revenue, better quality reporting, improved productivity and enhanced competitive position. This is another example of how MedLink differentiates itself and puts its technology in the same league as industry leaders. The CMS Project is significant because of the focus on healthcare cost reduction through technology and preventative care. MedLink will give physicians who use MedLink’s products the ability to directly report Quality Measures directly to CMS. This connection allows those physicians to save time and collect money available for such programs much more efficiently.

Regional Health Information Organizations (RHIO)

Currently the MedLink TotalOffice EHR and its related services are at various stages of the selection process with New York Metropolitan area RHIOs including the Interboro RHIO, E-Health Network of Long Island RHIO, Primary Care Information Project (PCIP), Long Island Information Exchange (LIPIX), New York Clinical Information Exchange (NYCLIX) and Brooklyn Health Information Exchange (BHIX). The above referenced RHIO’s have received collectively more than $108 million in HEAL funding and the Company’s current project status vary between the RHIO’s from final contract negotiation, integration into the RHIO Health Information Exchange, pilot programs and proof of concepts. The Company expects final decisions from certain RHIOs in late August and others in the later part of 2009.

The New York State RHIOs referenced above are funded through HEAL grants. It is anticipated that in 2009 HEAL 10 funds will be granted to support EHR adoption across all regions of New York State. The focus is to coordinate clinical care by supporting and connecting care givers through a PCMH model and the implementation of interoperable health record systems that are linked through the Statewide Health Information Network.

HEAL 10 is building on previous funding programs for information technology and helping to position New York to take maximum advantage of upcoming ARRA stimulus funding. These projects will allow New York to gain critical knowledge and experience in many challenging aspects of implementation including the area of “meaningful use” of information technology that will allow us to better support providers in New York State so they can maximize access to federal stimulus incentive funds.

As a New York based CCHIT Certified 08 Ambulatory EHR Company, MedLink believes that the Company is well positioned to take advantage of the nation’s most aggressive state-wide healthcare IT initiative.

Implementation of Interboro RHIO Contract

The Interboro RHIO is a clinical data exchange serving Queens, northern Brooklyn and surrounding communities in New York City. The Interboro RHIO facilitates the sharing of patient information between authorized healthcare providers at the point of care. Under a $7.7 million New York State HEAL 5 grant, Interboro RHIO will be subsidizing the cost of EHRs for providers within the region.

In early July 2009, MedLink received the draft Master Agreement from Interboro RHIO and met with their executive committee to discuss contract details. The agreed final terms provide that Interboro RHIO will subsidize the MedLink TotalOffice EHR to any healthcare provider in the Interboro service area.

Appointment of Dr. Abha Agrawal to Medical Advisory Board

In July 2009, Abha Agrawal, MD, FACP joined the MedLink Medical Advisory Board. Dr. Agrawal is a nationally recognized leader in healthcare IT and serves on important national and regional organizations including as a Commissioner on the Certification Commission on Healthcare Information Technology and a Board Member on New York Clinical Information Exchange (NYCLIX). She was also elected as the 2008 President of Medical Informatics New York, an association of physician leaders in informatics from hospitals, academia and corporations. Dr. Agrawal is the Interim Medical Director of Kings County Hospital Center, Brooklyn, NY. Prior to this role, she was the Chief Medical Information Officer of the Central Brooklyn Family Health Network (CBFHN) and the Associate Medical Director of Kings County Hospital. She is also an Associate Professor of Medicine as well as Medical Informatics at SUNY Downstate Medical Center.

Under her leadership, Kings County has been awarded a number of quality improvement awards driven by clinical information systems. She was responsible for providing thought leadership as well as hands-on-management of the clinical information systems. Prior to coming to Brooklyn, she was the Informatics Coordinator for the VISN1, an integrated network of hospitals and clinics in six New England states. She was appointed as a clinical faculty at Harvard Medical School and as a research scientist at the Brigham and Women’s Hospital.

Appointment of Scott D. Musch as Executive Vice President of Corporate Development

MedLink announced in July 2009 the appointment of Scott D. Musch as Executive Vice President of Corporate Development. This newly created role includes responsibility for the Company’s corporate development activities, including raising capital to fund development, forging new relationships with investors, assisting in business development and corporate governance matters. Mr. Musch comes to MedLink after 12 years of investment banking experience. Most recently, Mr. Musch was a Senior Vice President at the healthcare services investment bank of Shattuck Hammond Partners, a division of Morgan Keegan & Company, Inc. Prior to that, he was a Vice President in the North American Mergers and Acquisitions Department of J.P. Morgan Securities, Inc.

Value-Added Resellers Program

During the 2nd quarter of 2009, MedLink formalized a program for value-added resellers (“VAR”) of its TotalOffice EHR application. MedLink views VARs as a cost effective way to build its sales and marketing efforts without incurring the direct cost of hiring a large sales force. Currently, MedLink has two active VARs, with additional VAR’s under consideration in Puerto Rico, California and Pennsylvania.

August 13, 2009 Today’s Financial News www.todaysfinancialnews.com updates on MLKNA
http://www.todaysfinancialnews.com/e...-off-9747.html

August 12, 2009
MedLink International (MLKNA) took a hit on its share price right at the end of today’s trading. Apparently someone decided they could do better elsewhere or needed their money for something else. I spoke to the company today and they assured me that nothing has occurred and that the company is still doing well. I asked about News and was told that they will put out news as soon as they can. My interpretation of that is still that they are gaining approval for PR’s from the organization(s) they are dealing with. Personally, I think today’s dip is a great opportunity to add shares at cheap prices. I say, hold tight, to those who own shares. We are going to look back on these days and laugh all the way to the bank. Charles D.

August 4, 2009

MedLink International (Symbol: MLKNA):

Today’s Trading is: $0.70 per share

MedLink International, Inc., through its subsidiaries, engages in selling, implementing, and supporting software solutions and hardware that give healthcare providers access to clinical, administrative, and financial data in real time. Its products include MedLink TotalOffice EHR software, a practice management solution for scheduling, patient registration, billing, document management, messaging, encounter notes, e-Prescribing, and e-Labs, as well contains patient’s demographic information, including notes, appointments, lab results, history of visits, and insurance and financial information; and MedLink Virtual Private Network, which allows subscribing doctors to communicate with other physicians, and remotely access and retrieve patient records, lab results, X-rays, CAT scans, and other personal health information. The company also offers MedLink EHR Lite, which works in conjunction with the MedLink EHR for referring physicians to view radiology reports and images, submit and receive lab results, and prescribe medications electronically; MedLink DocManager that allows physicians to capture, manage, and share documents with the touch of a button; MedLink Billing, a medical billing software solution; and MedLink TV, which offers advertisers a channel and approach to reach consumers in the waiting rooms of physician’s offices and outpatient clinics. In addition, it offers a Lite version of the MedLink EHR for radiology centers; and MyMedLinkChart.com that enables patients to create and manage their personal health records, as well as provides medical billing, messaging, video teleconferencing, document management, and advertising services to the health care community. MedLink International has a strategic partnership with Dynatek Media. The company was founded in 2000 and is headquartered in Islandia, New York.

Med Link is a player in the Electronic Health Records (EHR) play. This is a big deal with Obama and TARP has set aside Billions $ to fund it. MLKNA is well positioned to win contracts with NY Regional Health Information Organizations (RHIO’s). If MedLink is successful and wins the contracts, it will give it significant Revenue for the year. In addition, I understand that they have had meetings with the NY Dept of Health for certification of their MedLink Office software product.

I made a trip to MedLink’s NY headquarters and met with the CEO Ray Vuono and the CFO James Rose. Ray walked me through their Electronic Health Record (EHR) software-MedLink TotalOffice. I tell you what, this product is amazing and I cannot see any doctor not wanting it. First, it is GUI and operates just like Windows with pull-down screens and the like. However and probably most importantly, MedLink has the ability to be the low-cost leader on this product and make it available for virtually any doctor. With this software you can run the entire office, bring up history (anywhere in the world) on your patient, see MRI’s, X-Rays, etc and get it paid for by Obama…who won’t want this?

MLKNA (MedLink) is in a multi-billion dollar medical arena that is overflowing with investment money from the US Government in the form of the Obama stimulus and medical plan. This medical plan (and I’m speaking of Electronic Health Records – EHR) was started by Bush and has Bi-Partisan Support. I expect MedLink to see some of those Billions of dollars to trickle into its coffers and make this company wildly profitable this year. THIS IS A REAL COMPANY and it will soon have REAL EARNINGS in the sexiest investment area of all (IMO) which is taking our antiquated health records system and making them virtual. Here’s the Med Link run down:

A player in the Electronic Health Records (EHR) play. This is a big deal with Obama and TARP has set aside Billions $ to fund it. MLKNA stands in line to win major deals. If MedLink is successful and wins contracts, it will give it significant Revenue for the year.
MedLink has their Electronic Health Record (EHR) software called MedLink TotalOffice. This product is amazing and I cannot see any doctor not wanting it. First, it is GUI and operates just like Windows with pull-down screens and the like. However and probably most importantly, MedLink has the ability to be the low-cost leader on this product and make it available for virtually any doctor. With this software you can run the entire office, bring up history (anywhere in the world) on your patient, see MRI’s, X-Rays, etc and get it paid for by Obama…who won’t want this? I saw this software first hand and it is amazing. I expect that the Obama monies will help doctors put this software into their offices.
It will be necessary for all physicians at some point to be electronic.
The CEO (Ray Vuono) is well connected and experienced in the medical and medical software arena. He has the experience and ability to build a public software company in the medical market.
The MedLink TotalOffice software is a remarkable product and all doctors will want a product like this. The difference: MedLink TotalOffice is affordable. Many doctors run Intuit’s Quick Books because it is low priced and effective. MedLink TotalOffice can do the accounting that Quick Books can but much more including making the patients records virtual (EHR) which is what will be REQUIRED going forward by Obama’s bi-partisan plans.
Shares at this level are a gift under $2.00 as the company is a SOFTWARE COMPANY and all of the development costs are baked in. The company has tax-loss carry forwards that will also help make the EPS significant on any substantial revenue. The gross margin on this type of company’s product should be 60% or more. Ray Vuono operates on a low-cost philosophy for General and Administrative (G&A) Expenses. My guess is that G&A should be 20% or so making the lion’s share of the GP hit the bottom line in the form of Earnings and EPS.
I believe that the CCHIT certification sets MLKNA apart from most other companies in the wannabe EHR arena. Although it is true that many larger companies are also CCHIT certified, these companies have huge overhead costs and the integration of their EHR is multiples of MedLink’s TotalOffice. It is true that the Obama Administration is attempting to fast-track CCHIT certification to support the onslaught of expected doctors and medical organizations that will need to get on board with EHR. However, MedLink is already moving down hill like a snowball and will be ahead of the pack. Also, Ray Vuono is extremely well connected and will get a significant portion of the business due to his relationships, network, and having the best software solution for the money, hands down.
I also believe that the accreditation with CMS for Medicare & Medicaid (previously announced by MedLink PR) will be huge in bringing other health organizations to MLKNA.
In my view, this is also a company that will be a target for acquisition by a larger company that would rather BUY IT than BUILD IT.
Ray Vuono looks after his investors. He not increasing the shares outstanding to grow his business. Instead, he is doing it with his own money and shares that are already outstanding.
For these reasons MedLink is a stock that will (IMO) run significantly from here. I realize this is a very speculative play. However, my due diligence and my belief in Mr. Ray Vuono has given me complete comfort in owning and MLKNA.

MedLink’s Vision Mission: Our goal is to create one of the largest hub for health records in the United States. We plan to achieve this by meeting our stated mission statement- We will offer the medical community applications and services that we believe will ease accessibility to information related to patient care through the creation of a secure digital environment, while making it accessible to institutions both large and small at an affordable price in order to achieve the highest level of participation.

If Vuono and company are successful and capture a few of these major contracts, revenue for this coming year could be outstanding.