ALR Technologies Inc.
ALR Technologies Inc.: ALR Technologies to Establish Constant Health Companion(TM)(‘CHC(TM)’) as Standard Operating Procedure in Fast Growing Multi Billion Market
ALR Technologies Inc. / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- ALR Technologies to Establish Constant Health Companion™('CHC™') as Standard Operating Procedure in Fast Growing Multi Billion Market WINSTON-SALEM, N.C. – Nov. 12, 2007 – ALR Technologies, Inc. (OTCBB: ALRT) is pleased to announce that they have completed software enhancements on the CHC(TM), a comprehensive healthcare management system to facilitate containment of healthcare costs by improving efficiency and effectiveness of caregivers. An innovative feature of the system is to provide a documented audit trail for evaluation of healthcare programs. Patent applications have been filed for expanded intellectual property. CHC(TM)’s target market, home healthcare technology, is a new and rapidly growing segment in US healthcare. The driving force for growth is the escalating costs in healthcare. Medication noncompliance, such as failure to take medications or to complete therapeutic tasks as prescribed, currently contributes more than $150 billion in excess and preventable annual costs. A recent research report from Forrester Research, Inc. projected the home health technology market to grow to $5 billion by 2010 and then to $35 billion by 2015. In addition, the CHC(TM)system addresses a serious deficiency in healthcare management, the absence of ongoing oversight of patients. Adequate care is available to patients when they are in hospitals, clinics or while caregivers are at their homes. Healthcare breaks down when patients are left alone to follow their prescribed therapies. The CHC™ system enables a healthcare provider to remotely monitor the patient’s compliance, thereby allowing for timely intervention. An added feature of this system is its ability to provide documentation of patient compliance and accountability of the actions of healthcare professionals which were previously unavailable. This allows health plans to adjust pricing based on performance. The CHC(TM) is an affordable, portable and easy to use system. It costs 30% less and provides more features than any other system available in the market. ALR Technologies’ goal is to be a leader in this new and rapidly growing market by establishing the Constant Health Companion(TM) system as a 'standard operating procedure' (SOP) in the US and international healthcare industry. About ALR Technologies, Inc. ALR Technologies, Inc. (ALRT) designs and manufactures health management compliance products and monitoring and intervention systems. ALRT’s primary system, Constant Health Companion™, fills a serious gap in standard disease management practices. It provides for continued and affordable compliance supervision of patients after they have left the direct care of professionals. More information on ALR Technologies and its products can be found at http://www.alrt.com. More information about the Constant Health Companion can be found at: http://www.alrt.com/CHC/index.html Public Relations: 336-722-2254 e-mail : info@alrt.com This release contains certain 'forward-looking statements' relating to ALR Technologies’ business, and these statements reflect the current views of ALR Technologies with respect to f uture events and are subject to certain risks, uncertainties and assumptions. When used, the words 'estimate', 'expect', 'anticipate', 'believe' and similar expressions are intended to identify such forwardlooking statements. There are many factors that could cause the actual results, performance or achievements of ALR Technologies and its products to be materially different from any future results, performances or achievements that may be expressed or implied by such forward-looking statements. Further management discussions of risks and uncertainties can be found in the company’s quarterly filings with the Securities Exchange Commission. 19.11.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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