October 27 , 2009

ORMED SENIOR VP AWARDED BY GS1 CANADA

TORONTO, ON: Dale Gregg, Senior Vice President at Ormed Information Systems Ltd., was honored this fall by GS1 Canada in recognition of his work and support for the Canadian Healthcare Supply Chain Standards project. Carenet amalgamated with GS1 Canada in 2008 to standardize and promote internet connectivity in Canada to reduce errors, increase efficiency, and ultimately save organizations money. A plaque was awarded to Mr. Gregg at the Carenet Healthcare Standards Council meeting on October 20, 2009.

As a member of GS1 Canada (and a supporter of GS1 in the United States), Ormed is listed as an approved solution provider with Carenet and is helping bring those set standards to greater acceptance with more transaction sets and more capabilities. “Supporting Carenet is one of the easiest steps an organization can take to help move the supply chain marketplace to better cost-effectiveness and efficiency,” says Gregg.

With Carenet’s support, E-commerce awareness in the healthcare marketplace has been raised significantly, benefiting all organizations looking to automate their business practices and capture long term savings.

“Historically, healthcare has been slow to adopt new technology, but thanks to initiatives like the Canadian Healthcare Supply Chain Standards project from Carenet and GS1, and thanks to the support of organizations like Ormed and many others, hospitals and healthcare centres everywhere are realizing real benefits that go right to the bottom line.”

All Ormed software complies with every standard set by GS1. Ormed’s current goal is to create standards around electronic invoicing, payments, receiving, and reconciliation.

About Ormed Information Systems Ltd. (www.ormed.com)

Ormed is the largest Canadian supplier of back office accounting systems to Canadian healthcare facilities, and is celebrating 20 years of specialization in the healthcare field. Headquartered in Alberta, Ormed has offices and/or distributors in Ontario, British Columbia, New Jersey, and Minnesota.

About GS1 Canada and Carenet

GS1 Canada is a not-for-profit, industry-led organization that develops, promotes and maintains global standards for the identification of goods, services, locations and related e-commerce communication. As a GS1 member organization, GS1 Canada represents the interests of Canada in the continuing development of the global language of business.

Through its amalgamation with GS1 Canada, Carenet represents over 450 Canadian healthcare providers and 95 leading suppliers as well as major Group Purchasing Organizations (GPOs) and technology solution providers.

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Contact:

Isaac Calon

Corporate Communications Manager
Ormed Information Systems Ltd.

780.482.7200 (ext 337)

isaac_calon@ormed.com

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