Allen Technologies announces record earnings and additional funding
Austin, TX, Sep 28-Allen Technologies, Inc., provider of the most advanced,
interactive education and entertainment systems to health care facilities
nationwide for nearly 30 years, today announced record earnings results
for its fiscal 2007 fourth quarter ended June 30, 2007.
"I'm very pleased with the continued success the company has experienced
over the past several quarters as evidenced by our recent addition of
several new customers such as Presbyterian Hospital of Dallas, Arlington
Memorial Hospital and the new Denver Children's Hospital. I believe
that we are well positioned to continue to build upon this trend," said
Gary Cowsert, President and CEO of Allen Technologies.
The company also announced that it has received additional funding
from Fundamental Capital to allow it to accelerate its growth trajectory.
Fundamental Capital, LLC is a private equity firm headquartered in San
Francisco that invests in middle market, growth companies.
"The additional funding from Fundamental Capital is a reflection of
their excitement regarding our financial results and continuing commitment
to the company," said Gary Cowsert.
About Allen Technologies Inc.
Since 1982, Allen Technologies, Inc. (www.allentek.com) has delivered
interactive, computer-based technology to hospitals nationwide. Allen
Technologies is recognized in the healthcare industry as the company
which can help hospitals address the implementation of technology for
unparalleled patient satisfaction and improved staff management. With
a 24/7 centralized monitoring system, Allen Technologies shoulders the
burden of tracking patient requests and posting alerts to staff.
Allen Technologies, Inc. developed Vigo, an interactive,
multimedia, wide-area network platform for hospitals. Vigo
delivers a broad range of on-demand video and data entertainment as
well as educational and information services to patients and hospital
staff. Using digital technology over a single network, Vigo
converges interactive bedside displays and smart televisions resulting
in point-of-care data management, on-demand education for staff and
patients, follow-up patient surveys, equipment tracking, premium patient
entertainment, bedside Internet and mail, and gift shop e-commerce all
to improve the quality of patient care and nursing staff efficiency.
To learn more about Vigo and Allen Technologies, Inc.,
visit www.allentek.com.
For further information please contact:
Gary Cowsert
President & CEO
Allen Technologies Incorporated
512.258.7019 x 227
gcowsert@allentek.com
Vigo™, Vigo OneTouch™ and the ATI logo
are trademarks of Allen Technologies Inc.