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Sims Communications Inc

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BUSINESS
April 25, 1999
Sims Communications Inc., Irvine provider of services for processing transactions, said it plans to change its corporate name to Medcomm.com to reflect its increased focus on the health care market. The name change is subject to shareholder approval. The company also plans to switch its Nasdaq stock symbol to EMED. Sims shares were unchanged at $1 in trading on the Nasdaq SmallCap market.
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BUSINESS
May 15, 1999
Sims Communications Inc.: The Irvine provider of electronic transaction products for the health-care industry reported a net loss of $1.5 million, or 13 cents a share, for the third fiscal quarter, compared with a net loss of $1.6 million, or 28 cents a share, a year ago. Revenue for the quarter ended March 31 rose to $512,568 from $217,882.
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BUSINESS
December 20, 1996
Link International, a developer of ATM prepaid vending products, has agreed to be acquired by Sims Communications Inc. of Florida. Terms were not disclosed. Sims, which designs an automated cellular phone rental machine, said it expects to close the transaction by the end of the month.
BUSINESS
April 25, 1999
Sims Communications Inc., Irvine provider of services for processing transactions, said it plans to change its corporate name to Medcomm.com to reflect its increased focus on the health care market. The name change is subject to shareholder approval. The company also plans to switch its Nasdaq stock symbol to EMED. Sims shares were unchanged at $1 in trading on the Nasdaq SmallCap market.
BUSINESS
October 4, 1998
Irvine-based Sims Communications Inc. said it agreed to acquire MedCard Management Systems Inc., which has developed an electronic system for processing health-care claims, for $450,000 in cash and stock. Sims also agreed to pay royalties on future sales. Sims makes telecommunications and electronic-transaction equipment.
BUSINESS
February 23, 1999
Sims Communications Inc.: The Irvine company, which provides transaction processing services for retailers and others, posted a net loss of $1.4 million, or 15 cents a share, for the second fiscal quarter ended Dec. 31, compared with a year-earlier net loss of $1.9 million, or 32 cents a share. Revenue more than doubled to $394,561 from $189,679.
BUSINESS
May 15, 1999
Sims Communications Inc.: The Irvine provider of electronic transaction products for the health-care industry reported a net loss of $1.5 million, or 13 cents a share, for the third fiscal quarter, compared with a net loss of $1.6 million, or 28 cents a share, a year ago. Revenue for the quarter ended March 31 rose to $512,568 from $217,882.
BUSINESS
June 3, 1998 | Dow Jones
Sims Communications Inc. said it completed its acquisition of privately held 1 One Medical Service in Los Angeles. Financial terms weren't disclosed. Irvine-based Sims said 1 One Medical Service will retain its name and operate as a unit of Sims. The company processes medical verifications, financial transactions and communications for pharmacies, physicians, hospitals and suppliers to the home health-care industry. Sims makes telecommunications and electronic-transaction equipment.
BUSINESS
August 17, 1998
John Kao has been appointed chief financial officer for Secure Horizons USA, a subsidiary of PacifiCare Health Systems Inc. in Santa Ana. He had been senior vice president of corporate development for PacifiCare. Linda Webber has been named vice president of operations for Essex Realty Management Inc. in Costa Mesa. She joined the firm in 1995 as a senior property manager. Cornelia Eldridge has joined the board of Sims Communications Inc. in Irvine. She is president of Eldridge Associates Inc.
BUSINESS
October 5, 1999 | Bloomberg News
Sims Communications Inc. said it has not been implicated in the U.S. Securities and Exchange Commission's fraud case against a New York brokerage that sold the company's stock to investors. Last month, brokerage HGI Inc. was ordered by a judge to pay more than $90 million to the SEC, which accused HGI of defrauding its clients by manipulating the stocks of several small companies, including Sims, an Irvine-based health care products and services company. U.S.
BUSINESS
February 23, 1999
Sims Communications Inc.: The Irvine company, which provides transaction processing services for retailers and others, posted a net loss of $1.4 million, or 15 cents a share, for the second fiscal quarter ended Dec. 31, compared with a year-earlier net loss of $1.9 million, or 32 cents a share. Revenue more than doubled to $394,561 from $189,679.
BUSINESS
October 4, 1998
Irvine-based Sims Communications Inc. said it agreed to acquire MedCard Management Systems Inc., which has developed an electronic system for processing health-care claims, for $450,000 in cash and stock. Sims also agreed to pay royalties on future sales. Sims makes telecommunications and electronic-transaction equipment.
BUSINESS
June 3, 1998 | Dow Jones
Sims Communications Inc. said it completed its acquisition of privately held 1 One Medical Service in Los Angeles. Financial terms weren't disclosed. Irvine-based Sims said 1 One Medical Service will retain its name and operate as a unit of Sims. The company processes medical verifications, financial transactions and communications for pharmacies, physicians, hospitals and suppliers to the home health-care industry. Sims makes telecommunications and electronic-transaction equipment.
BUSINESS
December 20, 1996
Link International, a developer of ATM prepaid vending products, has agreed to be acquired by Sims Communications Inc. of Florida. Terms were not disclosed. Sims, which designs an automated cellular phone rental machine, said it expects to close the transaction by the end of the month.
BUSINESS
August 20, 1999 | MARC BALLON, TIMES STAFF WRITER
An Irvine-based company with a market value of less than $20 million hopes to spin off one of its divisions in a public stock offering to raise as much as $100 million. Sims Communications Inc., a provider of services for processing transactions for the health care industry, said Thursday that JustMed.com, a subsidiary that operates a health care Web site, will offer an undisclosed number of shares in an initial public offering.
BUSINESS
August 9, 1998
Dan Rosenthal has been named chief operating officer of Newport Beach-based Downey Financial Corp. and its principal subsidiary, Downey Savings & Loan Assn. Rosenthal will continue as president of DSL Service Co., Downey Savings' real estate development subsidiary. * Daniel L. Ogden has been appointed president and chief operating officer of Yokohama Tire Corp.'s U.S. operations in Fullerton. He had been chief operating officer since 1997.
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