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April 09, 2005
Ramp Corporation Announces Filing of 10-K
Ramp Corporation Announces Filing of 10-K
Ramp Corporation Announces Filing of 10-K
Friday April 8, 3:00 pm ET
- Receives Going Concern Opinion From Auditors
NEW YORK, April 8 /PRNewswire-FirstCall/ -- As required by the American Stock Exchange, Ramp Corporation (Amex: RCO - News) today announced that the Company's Annual Report on Form 10-K, filed on April 5, 2005 with the Securities and Exchange Commission, included an explanatory paragraph by its independent auditors in their audit report referring to the Company's recurring operating losses and a substantial doubt about the Company's ability to continue as a going concern. This audit report, which was dated March 16, 2005, related to the Company's financial statements for the fiscal year ended December 31, 2004. The Company has had a going concern opinion each year for the past 3 years.
Ramp Corporation, through its wholly owned HealthRamp subsidiary, markets the CareGiver and CarePoint suite of technologies. CareGiver allows long term care facility staff to easily place orders for drugs, treatments and supplies from a wireless handheld PDA or desktop Internet web browser. CarePoint enables electronic prescribing, Internet-based communication, data integration and transaction processing over a handheld device or browser, at the point-of-care. HealthRamp's products enable communication of high value-added healthcare information among physician offices, pharmacies, hospitals, pharmacy benefit managers, health management organizations, pharmaceutical companies and health insurance companies. Additional information about Ramp, and its products and services, can be found at www.Ramp.com .
Safe Harbor Statement: To the extent that any statements made in this press release contain information that is not historical, these statements are essentially forward-looking. Forward-looking statements can be identified by the use of words such as "expects," "plans," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the ability of the Company to raise capital to finance the development of its Internet services and related software, the effectiveness, profitability and the marketability of those services, the ability of the Company to protect its proprietary information and to retain and expand its user base, the establishment of an efficient corporate operating structure as the Company grows and, other risks detailed from time-to-time in our filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statements.
Contact:
Andrew Brown: (212) 440-1548
Investor Contact:
Bob Giordano Andrea Costa
ROI Group Associates, Inc. ROI Group Associates, Inc.
Phone: (212) 495-0200 x10 Phone: (212) 495-0200 x14
Fax: (212) 495-0746 Fax: (212) 495-0746
rgiordano@roiny.com acosta@roiny.com
Source: Ramp Corporation
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