PARSIPPANY, N.J. -- ProMana Solutions, Inc. (Pink Sheets: PSLU), a provider of end-to-end Intranet based software solutions for business work flow and human resource management, announced today that it has signed G.C. Management, Inc., a developer of residential care facilities and low to middle
Under the terms of the agreement, G.C. Management will sell ProMana's full suite of software solutions as part of a portfolio of products and services that the company offers to clients across the United States. G.C. management will begin marketing the ProMana Solution to its current clients immediately.
"This new relationship will help ProMana expand its reach into the lucrative healthcare marketplace by offering healthcare facilities a full, web-based solution to their HR needs," said ProMana CEO Lawrence Kass. "We look forward to a successful, long-term relationship with G.C. Management as we solidify our role as a leader in HR outsourcing solutions for the healthcare industry."
The worldwide market for HR outsourcing services is expected to grow 21 percent annually to $7 billion in 2008, according to consulting firm NelsonHall. Meanwhile, rising healthcare costs likely will encourage many healthcare providers to consider HR outsourcing as a means of reducing administrative overhead and maintain current profit margins.
About ProMana Solutions
ProMana Solutions (Pink Sheets: PSLU) offers web-based software solutions to small and medium sized companies worldwide. Its flagship product manages the entire spectrum of administration, accounting, payroll, benefits, human resources and a host of other functions for clients. The company's open architecture utilizes only Web server applications that integrate easily into clients' existing operating platforms and provide a strong value proposition of cost savings for end users. PSLU shareholders are encouraged to visit www.promanasolutions.com for more information and to register on the "Investor Relations" page to receive ongoing ProMana news updates.
About G.C. Management
G.C. Management, Inc. was founded in 1987 for the development and construction of residential care facilities and low to middle income senior housing facilities. The company expanded its services in 1991 to include construction management for skilled care and assisted living facilities. Today, the company offers a broad range of services that include: risk management, litigation and due diligence support, financial consulting, maintenance reports, and a variety of other customized services.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. PSLU disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, and changes in our business strategies.