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Vertical Computer Systems, Inc. Acquires SnAPPnet
May 25, 2010 (01:05 PM EDT)
RICHARDSON, Texas, May 25 /PRNewswire-FirstCall/ -- Vertical Computer Systems, Inc. (OTC Bulletin Board: VCSY) (www.vcsy.com) is pleased to announce today that it has acquired the SnAPPnet product line from Pelican Applications, LLC, a privately-held technology company.
SnAPPnet is a dynamic, Web-based application that makes it possible to pre-populate hundreds of frequently used forms and applications with just a few clicks of a mouse. SnAPPnet saves significant time and effort by creating a single, in-depth profile that covers all of a professional's data typically requested on license and board applications, as well as other related forms. To date, SnAPPnet has been primarily focused as a Web-based tool for physician credentialing.
"We are excited to add SnAPPnet to the Vertical product offering," stated Richard Wade, President and CEO of Vertical Computer Systems, Inc. "We believe SnAPPnet can be expanded for additional applications not only in the healthcare sector, but also in other industries."
Forward looking statements disclosure: This release contains 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, which represent the Company's expectations or beliefs concerning future events. When used in this release, the words "expects," "plans," "anticipates," "indicates," "believes," "forecast," "guidance," "outlook," "may," "will," "should," "seeks," "targets" and similar expressions are intended to identify forward-looking statements. Similarly, statements that describe the Company's objectives, plans or goals are forward-looking statements. All forward-looking statements in this release are based upon information available to the Company on the date of this release. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement.
About Vertical Computer Systems, Inc.
Vertical Computer Systems, Inc. (OTCBB: VCSY) is a provider of administrative software, Internet core technologies, and derivative software application products through its distribution network. VCSY's main administrative software product is emPath®, which is developed and distributed by NOW Solutions, Inc., the Company's wholly-owned subsidiary. emPath® is a payroll and human resources software application, which consists of a fully secure web based HRMS suite as well as a Software-as-a-Service (SaaS) solution. VCSY's primary Internet core technologies include SiteFlash™, ResponseFlash™, NewsFlash™, and the Emily XML Scripting Language, which can be used to build web services. Information on VCSY and its products can be obtained on the World Wide Web at www.vcsy.com.
SOURCE Vertical Computer Systems, Inc.