PracticeWorks, Inc. (Amex: PRW - news) announced completion of two transactions that give it digital imaging product offerings for its more than 65,000 dental professionals. First, the Company acquired the dental imaging software technology formerly owned by Dicom Imaging Systems, Inc. (``Dicom"), a leading provider of comprehensive, market proven dental imaging software. Second, the Company became a preferred distributor for Trophy Dental, the inventor of the first dental digital radiography system and the leading manufacturer of dental digital radiography systems and intra-oral X-ray equipment worldwide. PracticeWorks also announced that it plans to offer these products to its customers on a monthly subscription basis. Dicom's Digital Imaging Suite of software applications includes imagExplorer™, imagEditor™, imageSimulator™ and Whitener modules. These modules provide powerful image management, editing, annotation and treatment simulation capabilities for dentists and their staff. Dental Imaging Suite also provides a powerful communications tool that is beneficial to dentists, dental laboratories and insurance companies due to its strong functionality and ease of use. Dentists worldwide use these software products.
Trophy's patented RVGUI digital sensors and software make Trophy the first digital intra-oral system that has equaled or exceeded the performance of X- ray film. Trophy's system is the world leader in digital imaging, because of quality, ease of use and speed. It handles all types of digital images, ranging from RVGUI, intra-oral camera images, panoramic images, and scanned images, and all on the same screen.
Jim Price, PracticeWorks' President and CEO, said, ``Historically, there have been two primary barriers to a dental practice's acquisition of a digital imaging system -- the quality of the X-ray image and the initial capital investment required for the system. The completion of these transactions enables PracticeWorks to help its clients overcome these barriers. With the Digital Imaging Suite for cosmetic applications and Trophy's RVGUI sensor for radiography, we will be providing our customers with products to achieve the highest quality digital images on the market today. Our offering of these digital imaging products on subscription-based pricing permits our customers to have access to the benefits of this technology without substantial, upfront costs. Given the advances in digital radiography and imaging, we believe the market is now ready to embrace these products. This new product suite should provide a significant growth opportunity for PracticeWorks over the coming years."
Dr. David Gane, former CEO of Dicom and PracticeWorks' new Vice President for Imaging Products added, ``The integration of the Dicom imaging software with PracticeWorks technology will empower the dentist with the ability to visually plan and preview proposed treatment options with their patients. As cosmetic dentistry is one of the fastest growing areas in dentistry, this tool allows the dentist to communicate more effectively with both the patient and the laboratory. The acquisition of the Dicom Imaging technology assets combined with the agreement with Trophy will no doubt position PracticeWorks to take advantage of the significant growth opportunity that exists today in dental imaging."
Gordon Hagler, Trophy Dental's Vice President and General Manager, said, ``Trophy Dental is pleased to have PracticeWorks as its preferred distributor of digital radiography products. This is an exciting time for the dental industry as technology continues to improve for the practicing dentist. Trophy and PracticeWorks, both world leaders in their fields, are now partnering to improve the quality and efficiency of the dental practitioner." PracticeWorks, Inc. is an information management technology provider for dentists, orthodontists and oral and maxillofacial surgeons. PracticeWorks' product offerings include practice management applications, business-to- business e-commerce services, electronic data interchange (EDI) services, and ongoing maintenance, support and training related to all products.
Certain statements in this release, and other written or oral statements made by or on behalf of us, are ``forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are operating PracticeWorks as an independent public company following the spin-off from VitalWorks, Inc. (formerly InfoCure Corporation); uncertainties concerning our future capital needs and the ability to obtain such capital; possible deferral, delay or cancellation by customers of computer system purchase decisions; variations in the volume and timing of systems sales and installations; possible delays in product development; changing economic, political and regulatory influences on the healthcare industry; changes in product pricing policies; general economic conditions; and the risk factors detailed from time to time in PracticeWorks' periodic reports and registration statements filed with the Securities and Exchange Commission, which important factors are incorporated herein by reference. Management believes that these forward-looking statements are reasonable; however, you should not place undue reliance on such statements. These statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise.
SOURCE: PracticeWorks, Inc.