Medical Care Technologies Inc.

Medical Care Technologies Inc. is a national provider of healthcare information systems and services. The company distributes its offerings to over 11,000 customer sites through a network of regional offices. Its software products and services automate administrative, financial, clinical, and management functions for physicians, other healthcare providers, and provider organizations. Medical Care Technologies Inc. helps customers transition from older products to its Windows-based products and services. The company's software manages patient data to integrate Internet-based solutions with its systems. Its Windows-based products include capabilities compliant with the federal Health Insurance Portability and Accountability Act of 1996 ("HIPAA"). Since its formation in 1995, the company has acquired 26 healthcare information systems companies. Medical Care Technologies Inc. did not pursue additional acquisitions during 2000 and 2001. Recurring revenues represented approximately 82% of total revenues for each of the years ended December 31, 2001, and 2000. Recurring revenues are defined as revenues from an existing or acquired customer after the initial product installation, including sales of new products to existing customers. The company is expanding its service offerings, migrating existing customers to its Windows-based, Internet-enabled products and services, and expanding electronic services to increase recurring revenues. Medical Care Technologies Inc. offers integrated Windows-based, Internet-enabled healthcare information systems.