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. The company 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, Medical Care Technologies Inc. has acquired 26 healthcare information systems companies. However, it did not pursue additional acquisitions during the years 2000 and 2001. Recurring revenues constituted approximately 82% of total revenues for each of the years ended December 31, 2001, and 2000. Recurring revenues are defined as any revenues from an existing or acquired customer after the initial product installation, including sales of new products to existing customers. The company aims to increase recurring revenues by expanding service offerings, migrating existing customers to its Windows-based, Internet-enabled products and services, and expanding electronic services. Medical Care Technologies Inc. offers integrated Windows-based, Internet-enabled healthcare information systems designed to address economic pressures, administrative burdens, and information requirements faced by healthcare providers and physician organizations.