Post by Hot Christian Stocks on May 15, 2014 18:12:42 GMT -5
Introducing
Sebring Software, Inc
Sebring Software, Inc
Company Remains Confident in its Dental Practice Management Business and is Committed to Long-Term Growth
CLEARWATER, Fla., May 14, 2014 /PRNewswire/ -- Sebring Software, Inc. ("Sebring") (OTC: SMXI), a growing Dental Practice Management ("DPM") company with operations in Arizona and Florida, reports that three of its board members have invested a total of $1.4 million in equity over the past four months.
Leif Andersen, Sebring Chief Executive Officer, commented: "We are pleased that our Board Members have been investing into the company and are committed to the Company's long-term growth. We are committed to driving this company forward and will continue to update our shareholders as we execute our initiatives in the DPM market."
The Board remains confident in Sebring's strategic plans for growth and has reported its investments in the previous 10K and 10Q. The investments compliment the loan entered into in 2013 of $15 million that was deployed into the Dental Practice Management industry, which the company now has 38 affiliated dental practices.
Welcome to Sebring Software, Inc.
Sebring specializes in the Dental Practice Management
industry (“DPM”).
DPM companies combine acquisition and organic growth to boost
revenues while instilling best practice management infrastructure to increase
the dental practices’ profitability and overall success.
Sebring is the leader in seamless successful practice transition. Capital and cost efficiency have driven the dental services industry to join DPM companies rather than remain as sole practitioners. Most DPMs and dental practices use different software packages. Sebring uses software applications to substantially reduce the cost of DPMs data entry. In addition, Sebring offers customized practice management and marketing solutions based on the unique needs of each office.
At Sebring, we understand the importance of the relationship between Doctor and patient. Our services allow for that relationship to once again be the focus of the practice.
Here’s a brief overview of our company.
Currently Sebring manages 31 Orthodontic Practices throughout Florida. Sebring manages a General Family Dentistry and 2 Cosmetic and Family Dentistry Practices in Phoenix, Arizona. Our company is committed to growth in both of these states and is actively pursuing opportunistic dental platforms throughout the United States.
Sebring has developed a robust pipeline of opportunistic acquisitions of Dental Practice Management (“DPM”) companies, including individual dental practices primarily located in Arizona and Florida. Sebring also has rights to an eCenter-icm2 software license from Engineering Consulting and Solutions, GmbH (“ECS”).
DPM companies combine acquisition and organic growth to boost revenues while instilling best practice management infrastructure to increase the dental practices’ profitability. This trend will increasingly become mainstream within 5 to 10 years according to the American Dental Association (“ADA”). Approximately 170,000 dentists operate in 130,000 dental clinics, with over 82% of dental practices consisting of 1 or 2 dentists according to ADA. Sebring has rights to a license with a German software developer to market its proprietary software solution, eCenter, in North and South America. Using the eCenter platform, Sebring has developed numerous proprietary integration adapters since 2007. Over the next year, Sebring will be rolling out a series of these software adapters focused primarily on dental healthcare. eCenter is an ideal solution for its unsurpassed scope, universal compatibility, flexible user interface, and the smooth integration and improved mobilization of software assets that it delivers. eCenter is a Rich Internet Application (“RIA”) software that offers an inexpensive and a more secure program consolidation solution. The program integrates various widely used applications such as SAP, PeopleSoft, several Oracle products, Siemens PL, and legacy software within an organization to seamlessly connect all existing programs into a single user interface, which substantially improves productivity. Using eCenter, ZF Transmissions in Germany decreased the number of data entry workers from 420 to 20.
Many of the acquired DPMs and dental practices use different software packages. Sebring plans to use eCenter with Sebring’s proprietary adapters to substantially reduce the cost of its data entry. Currently Sebring is negotiating a partnership agreement with a dental solution provider.
Our Portfolio
This is a complete listing of our current transactions.
Artistic Design Family Dentistry
Orthodontic Specialists of Florida
Image Dentistry
Absolute Aesthetic
Wednesday, May 14, 2014
Sebring Software Reports Inside Investment From Its Board of Directors Totaling $1.4MPR Newswire( (Wed, May 14)
Monday, May 5, 2014
Sebring Software Announces New Chief Financial OfficerPR Newswire( (Mon, May 5)
Friday, January 10, 2014
Sebring Software Closes Asset Purchase Agreement with Scottsdale Dental Practice and will Begin Managing its OperationsPR Newswire( (Fri, Jan 10)
Wednesday, January 8, 2014
Sebring Software Expands Florida Operations Through the Addition of Two Dental PracticesPR Newswire( (Wed, Jan 8)
SMXI Headlines finance.yahoo.com/q/h?s=SMXI+Headlines
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