BOCA RATON, Fla.--()--Peer Review Mediation and Arbitration, Inc. (OTCBB:PRVW) announced today the acquisition of two affiliated companies to provide dictation and transcription equipment sales and services as well as a complete software suite to provide a means to use the internet as a medium to send, receive and analyze voice files, documents and associated files.
“We expect these two companies to benefit from our Peer Review Board contacts in the medical, legal and insurance communities to expand out of the South Florida region”
Peer Review acquired Witkop Office Machines and affiliate Docs in a Row, Inc., both based in Davie, FL, for a total consideration of approximately $550,000.
"We expect these two companies to benefit from our Peer Review Board contacts in the medical, legal and insurance communities to expand out of the South Florida region,” said Willis Hale, President and CEO of Peer Review Mediation and Arbitration, Inc.
Witkop Office Machines has served South Florida since 1957, first specializing in analog and then digital dictation and transcription systems. They provide products and services to hospitals, clinics, law firms and transcription services.
While still supporting the analog dictation equipment world, emphasis is on extensive options for digital, PC-based open architecture dictation system by integrating new technologies, such as high bandwidth communications for Internet transcription and dictation. Most recently, Witkop has been in the forefront of technology for speech recognition in these fields.
Docs in a Row has provided advanced equipment and software for similar markets as Witkop for more than 30 years. Its Electronic Media Record (EMR) Software makes managing dictation and transcription over the Internet simple and flexible for the user through its proprietary web site. For example, “Wave Players” automatically converts word documents using voice file names, making reconciliation efficient. “Mini Manager” is an intuitive management program designed for transcription companies (TCOs) to route, manage and reconcile recordings with documents, such as billing, payroll, account management, time & quantity limits and template editor.
Peer Review Mediation and Arbitration, Inc. offers attorneys, insurers and healthcare entities access to one of the largest networks of consulting physicians and medical expert witnesses in the United States with more than 17,000 Peer Review Board members encompassing nearly all specialties. Company subsidiaries provide the technology to transfer data and transcripts from voice, analog and/or digital sources into flexible formats.
(The statements which are not historical facts contained in this news release are forward-looking statements that involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.)