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Healthnostics Initiates Investment in Medical Manufacturing Company

^{Published on 2010-06-29 06:20:28 - Market Wire}
 

NEW YORK, NY--(Marketwire - June 29, 2010) - Healthnostics, Inc. (PINKSHEETS: [ HNSS ]), a medical and biotechnology analytics company, has initiated its acquisition strategy with cash investments in a medical manufacturing company.

The Company will continue to provide additional details as its acquisition strategy continues to unfold.

"We have now moved from the planning stage to the implementation stage of our acquisition strategy, which means that the positive impact on our sales and earnings will come sooner than originally planned," said Alan Grofe, President.

About Healthnostics

Healthnostics, Inc. is a medical and biotechnology analytics company that provides comprehensive patient clinical monitoring and risk management systems to acute care hospitals and utilizes its Internet portals to deliver medical and biotechnology resource information to industry professionals as well as to the general public. Healthnostics' major products include: MedGuardian, a patient care monitoring and risk management system for hospitals that is fully Web-based; and through the MedBioWeb subsidiary, MedBioWorld™, one of the largest professional medical and biotechnology directory resource and reference portal sites on the Internet, and FamilyMedicalNet, a companion consumer healthcare information portal.

For further information please visit Healthnostics [ www.healthnostics.com ], MedBioWorld [ www.medbioworld.com ], and FamilyMedicalNet [ www.familymedicalnet.com ].

And visit us on Facebook at [ www.facebook.com/Healthnostics ].

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.