eNotes Systems, Inc. (OTC Bulletin Board: ENSY) is pleased to announce today the appointment of Kris Narayan as Chief Technology Officer. In Mr. Narayan's 23 years of experience in the Information Technology industry, he has been a founder and Chairman of many startup companies in the U.S., China, and India. Mr. Narayan's accomplishments include negotiating partnerships with Sony, America-Online, AT&T, Panasonic, Zenith, and Home Shopping networks.
In addition to raising nearly $100 million dollars for various projects, Mr. Narayan was responsible for directing the dramatic revenue growth of Cirrus Logic's Laptop Chipset Division from 1994 - 1996. Through his proven ability to develop and implement successful strategies, in just two years, Mr. Narayan was able to increase Cirrus' revenues in the global laptop market from $15 million to $67 million dollars per year.
Mr. Narayan has also been a featured speaker at trade and investment bank forums for his accomplishments and has been regularly found in media coverage, such as Forbes, Business Week, Upside, Time Magazine, PC World, LA Times, CNBC, CNBC World, Bloomberg, TechTV; local affiliates of NBC, ABC, and CBS.
eNotes' CEO, Jeff Flammang, made the announcement and stated, "In Kris we have found both a technology visionary and a results-oriented leader with a proven track record in driving technology strategy and product line realization. He will play a pivotal role on the eNotes team as we work together to deliver integrated medical management solutions to healthcare providers both in the US and abroad."
The Company also announced today that with the addition of Mr. Narayan to the Management Team, the company is now positioned to focus on its development of telemedicine systems, which will enable providers of healthcare services to deliver care to individuals who are remotely located from the specialty healthcare they need. eNotes will deliver transmission of high-quality bidirectional TV, enabling medical providers to engage in broadcast quality, media-rich, interactive, real-time communications without the need to be in the same physical location. The most common application of telemedicine is in areas which there is a shortage of experts in rural communities, and in which the presence of visual data prevent telephone consultations from being effective. Examples of telemedicine utilization include radiology, histopathology, dermatology, ultrasonography, and other imaging studies.
The implementation of telemedicine, both here in the US and abroad, is experiencing rapid expansion with the current overall domestic telemedicine market is estimated to be close to $2 billion per year with global market estimates upwards of $1 trillion per year. Mr. Flammang stated, "With Mr. Narayan's experience and skill set leading our technology team, eNotes will become a significant supplier of telemedicine products and services."
ABOUT eNOTES SYSTEMS
eNotes Systems, Inc. (eNotes) is a software, business intelligence, and technology company, that will be delivering integrated medical management solutions to healthcare providers. Our products and services, the 'eNotes Solution', will assist healthcare professionals in delivering and managing the clinical, operational, and financial aspects of their business, thereby increasing revenue, reducing cost, standardizing processes and improving the quality of patient outcomes.
Forward-Looking Statement
The statements in the press release that relate to the company's expectations with regard to the future impact the company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in such statements. Such risks, uncertainties, and factors include, but are not limited to, future capital needs, changes, and delays in product development plans and schedules, or market acceptance.