Plexis Healthcare Systems - PRESS RELEASE

Plexis Healthcare Systems' Growth Continues with Record Revenues in 2005

2005 Revenue Increase Marks 4th Year of Double-digit Growth

Ashland, OR - March 2, 2006 - Plexis Healthcare Systems, the second fastest growing technology company in Oregon, today announced record revenues and operating margins for 2005. In addition to revenue growth, Plexis more than doubled its research and development expenditures in 2005 over the previous year.

In addition to increased sales and installations of Plexis software products, including Plexis Claims Manager, EDIWorks and WEBWorks, 2005 revenue growth also included additional seat sales resulting from the growth of current clients' businesses.

Plexis revenues increased 80 percent in 2004 over 2003, when Plexis was named the eighth fastest growing technology company in Oregon in 2004 by the Portland Business Journal. In 2005, the Business Journal ranked Plexis the second fastest growing technology company in Oregon.

"Plexis' continued growth in market share attests to the acceptance of our products, pricing, service and support in the healthcare industry," said Jorge Yant, Plexis President and CEO. "At the same time, Plexis has made significant investments in the research and development of its new product, Quantum Choice, which will provide the functionality, scalability and flexibility required by larger healthcare organizations," said Yant.

Plexis Healthcare Systems
Press Contact:

David Goodwin
voice: 541-494-2549
Contact Plexis PressE-mail
Plexis Healthcare Systems Press Release Archive Back to Press Release Archive