INCA instaCare Corp. Provides Updates on Recent Events: "INCA instaCare Corp. Provides Updates on Recent Events
NEW YORK--(BUSINESS WIRE)--July 6, 2005--instaCare Corp. (OTCBB:INCA):
-- Company Continues to Pursue Action against Former Director
-- Strengthens Relationship with Largest Customer
-- Expands Current Customer Base, Early July Order Intake Grows and Currently Represents $1.8 Million in New Business
instaCare Corp. (OTCBB:INCA), a leading Wi-Fi PDA technology provider to the lodging and satellite media industries, the developer of patent-pending technologies for e-health and EMR applications, and the distributor for life-saving prescription drugs, today disclosed additional information related to recent events, the actions pending against a former director and the continued successful rollout of the Company's prescription drug distribution strategy.
The Company previously disclosed that the Board of Directors had removed Ronald R. Kelly from the Board as a result of what the board believed to be serious and substantial irregularities and Mr. Kelly's conduct, as it related to the company. Subsequent to the Board of Directors' action, and notice to Mr. Kelly, Mr. Kelly tendered his resignation from the Board of Directors. Mr. Kelly has taken no action to contest his removal.
Given the nature of the irregularities at issue, the Company is pursuing legal action against Mr. Kelly and his affiliates, and has been in contact with the appropriate law enforcement and regulatory authorities.
'We are truly disappointed by Mr. Kelley's conduct, and deeply believe that such conduct does not represent the standards of instaCare,' commented Robert Cox, CEO and member of the Board of Directors. 'The fact that Mr. Kelly has"
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