ALBUQUERQUE, N.M., May 16, 2011 /PRNewswire/ — New Mexico
Software, Inc. (OTCBB: NMXC) announced today the company’s
financial results for the first quarter of 2011.
Revenue for the first quarter ended March 31, 2011 was $936,000,
an increase of 4% compared to $903,000 reported in the same quarter
a year ago. Net income was $10,000 compared with breakeven in the
first quarter of 2010.
New Mexico Software Dick Govatski said, “We are completing the
transition from providing software services to the entertainment
industry and digital asset management for general business to
providing a comprehensive array of medical software services,
applications and telemedicine services.
“We began providing cardiological services near the end of the
first quarter of 2010. With improved software and systems, we will
continue to recruit more cardiologists to help manage the growth in
requested cardiological services.
“In addition, we will be announcing several new products in the
near future, including cloud services, mini-PACS systems that will
be installed in rural hospitals and other smaller facilities, and
“Overall these results provide us with a good start to 2011 and
strongly reflect the dynamic and changing nature of our business
model as we ramp up medical services applications and gradually
wind down other aspects of our business. We are optimistic that
this will be a good year for us. We are striving to maintain growth
in our profitable services segments as we seek to build value for
our shareholders,” Govatski said.
About New Mexico Software, Inc.
New Mexico Software, Inc. develops and provides medical IT
services and solutions that enable improved and faster
communication within the preventative, comprehensive and critical
healthcare segments. Through our medical subsidiary, TeleRad, we
also provide telemedicine services including radiology, cardiology
and nuclear scans. For more in