Medinex Systems Announces Nasdaq Notification Corporate NewsWire Press Release BizWiz Company News BizWizWire

Medinex Systems Announces Nasdaq Notification

Medinex Systems, Inc

POST FALLS, ID Apr 12, 2001

Medinex Systems, Inc. (NASDAQ-NM: MDNX), a healthcare technology and e-commerce company, today announced that it has received notice from Nasdaq that the Company is not in compliance with the net tangible assets/market capitalization/total assets and total review requirement, as set forth in Nasdaq Marketplace Rules 4450(a)(03) and 4450(b)(01). The Company addressed these issues, as well as a bid price deficiency under Marketplace Rule 4450(a)(5) and a "going concern" qualification in its audit opinion, in a hearing before Nasdaq's Listing Qualifications Panel on April 6, 2001.

Nasdaq staff has ruled that the Company's securities are subject to delisting from the Nasdaq National Market due to its failure to comply with the Marketplace Rules. The delisting of the Company's securities has been stayed pending the outcome of the hearing. There can be no assurance that the Nasdaq Listing Qualifications Panel will grant the Company's request for continued listing.

About Medinex Systems, Inc.

Medinex Systems, Inc. (www.medinexsystems.com) has offices in Post Falls, Idaho, and Atlanta, Georgia. Medinex Systems' premier product is a Web-based practice management system called Medinex Office (www.medinexoffice.com). Medinex Office is available through a growing list of value-added resellers (VARs) and application service providers (ASPs) throughout the country. Medinex Systems also focuses on business-to-business e-commerce and services in the Internet healthcare sector and targets primary care physicians, clinics, hospitals, medical supply companies, medical students and others in the healthcare market. Its stock trades on the Nasdaq-National Market under the symbol MDNX.

This news release may contain certain forward-looking statements concerning Medinex Systems' positioning for the future. In accordance with the Private Securities Litigation Reform Act of 1995, the company advises that forward-looking statements are subject to risks known and unknown, uncertainties and other factors that could cause the company's actual results, performance, or achievements, or industry results, to differ materially from those stated or inferred by forward-looking statements. Some of these risks, uncertainties, and other factors are such things as the following: Medinex has suffered substantial cash flow deficits and may have difficulty meeting its outstanding obligations if it is unable to generate positive cash flows; Medinex has a limited operating history; Medinex may experience difficulties implementing an evolving and unproven business model; there can be no assurance that Medinex will be able to compete successfully against potential competitors who may have greater resources than Medinex; Medinex's business may be affected by a slower than expected e-commerce growth rate; Medinex' operations may be subject to computer systems interruptions that could result in loss of customers; unknown software defects could result in service interruption and damage the Company's reputation; Medinex may not compete successfully if it is unable to keep pace with rapidly changing technology and market conditions; the failure of participant's in Medinex's target communities to accept Medinex's communities as sources of information, communication and business products and services; Medinex may be subject to legal claims relating to the content of Medinex's Websites; any new legislation could inhibit the growth in use of the Internet; and the unknown volume of future sales of the company's common stock could cause the company's stock price to fall. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements. All subsequent written or oral forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this news release are made only as of the date of this release. The company does not intend, and undertakes no obligation, to update these forward-looking statements.

Contact: Susan Cuff
Contact Email: Available to BizWiz Members
Contact Tel: 888-580-1010, ext. 105

BusinessHotlink Ads. It's the QUICKEST way to stimulate action and contact from new customers. It's what you have always wanted. Only at BizWiz.

Only at BizWiz - Useful Direct Links


Outsource Solutions in Asia Go to the RAINMAKERS — Asian Century Solutions - Sell, Source and Invest Effectively in Asia www.http://www.asiancentury.biz	Submit a Press Release - $29.00 Press Releases for Finance, Business, and Specialized Markets. www.BizWizWire.com/	Executive Jobs Search Executive Jobs > $200,000 www.Executive-Direct.com	Pitney Bowes mailstation™ Digital postage meter. 90-day free trial & $50 postage. A smart solution for your small business. www.pitneybowes.com

CorporateNewsNet.com

CorporateNewsNet \| Submit Company News \| 1stBusinessDay \| Main BizWiz \| How to Join BizWiz \| BizWizWire \| Submit Press Release to BizWizWire \| Business HOTLINK \| Banner Display Advertise