SYSTEMS
XCELLENCE / SXC HEALTH SOLUTIONS HAS BEEN
MADE AWARE OF A POTENTIAL CONTRACT
AWARD
Lisle,
Illinois, June 20, 2007, Systems Xcellence Inc. (“SXC” or the
“Company”) (NASDAQ: SXCI, TSX: SXC), a leading provider of pharmacy benefits
management (“PBM”) services, has been made aware of a potential award to SXC
Health Solutions, Inc., a wholly owned subsidiary of the Company, of a
multi-year contract.
There
is no assurance as to when, if at all, a contract will be awarded to the
Company. The Company estimates that the contract would result in aggregate
revenues to the Company of approximately $27 million, if all options are
exercised, over a four year period. Further details of the anticipated contract
will be available if executed.
About
SXC Health Solutions
SXC
Health Solutions, Inc. (SXC) is a leading provider of pharmacy benefits
management (PBM) services and healthcare IT solutions to the healthcare benefits
management industry. The Company's product offerings and solutions combine
a
wide range of software applications, application service provider (ASP)
processing services and professional services, designed for many of the largest
organizations in the pharmaceutical supply chain, such as Federal, provincial,
and, state and local governments, pharmacy benefit managers, managed care
organizations, retail pharmacy chains and other healthcare intermediaries.
SXC
is based in Lisle, Illinois with locations in; Scottsdale, Arizona; Warminster,
Pennsylvania; Alpharetta, Georgia; Milton, Ontario and Victoria, British
Columbia. For more information please visit www.sxc.com.
Forward-Looking
Statements
Certain
statements included herein, including those that express management's
expectations or estimates of our future performance, constitute "forward-looking
statements" within the meaning of applicable securities
laws. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. We
caution that such forward-looking statements involve known and unknown risks,
uncertainties and other risks that may cause our actual financial results,
performance, or achievements to be materially different from our estimated
future results, performance or achievements expressed or implied by those
forward-looking statements. Numerous factors could cause actual
results to differ materially from those in the forward-looking statements,
including without limitation, our ability to achieve increased market
acceptance for our product offerings and penetrate new markets; consolidation
in
the healthcare industry; the existence of undetected errors or similar problems
in our software products; our ability to identify and complete acquisitions,
manage our growth and integrate acquisitions; our ability to compete
successfully; potential liability for the use of incorrect or incomplete
data;
the length of the sales cycle for our healthcare software solutions;
interruption of our operations due to outside sources; our dependence on
key
customers; maintaining our intellectual property rights and litigation involving
intellectual property rights; our ability to obtain, use or successfully
integrate third-party licensed technology; compliance with existing laws,
regulations and industry initiatives and future change in laws or regulations
in
the healthcare industry; breach of our security by third parties; our dependence
on the expertise of our key personnel; our access to sufficient capital to
fund
our future requirements; and potential write-offs of goodwill or other
intangible assets. This list is not exhaustive of the factors that
may affect any of our forward-looking statements. Investors are
cautioned not to put undue reliance on forward-looking
statements. All subsequent written and oral forward-looking
statements attributable to SXC or persons acting on our behalf are expressly
qualified in their entirety by this notice. We disclaim any intent or
obligation to update publicly these forward-looking statements, whether as
a
result of new information, future events or otherwise. Risks
and uncertainties about our business are more fully discussed in our Annual
Information Form.
Certain
of the
assumptions made in preparing forward-looking information and management’s
expectations include: maintenance of our existing customers and contracts,
our
ability to market our products successfully to anticipated customers, the
impact
of increasing competition, the growth of prescription drug utilization rates
at
predicted levels, the retention of our key personnel, our customers continuing
to process transactions at historical levels, that our systems will not be
interrupted for any significant period of time, that our products will perform
free of major errors, our ability to obtain financing on acceptable terms
and
that there will be no significant changes in the regulation of our
business.