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Quality Systems, Inc. Chief Financial Officer Paul A. Holt Named Best Finance Executive In TechAmerica’s 19th Annual High-Tech Innovation Awards
- Quality Systems, Inc.
- (Company Info)
IRVINE, Calif. ---- Quality Systems, Inc. (NASDAQ:QSII), announced today that Chief Financial Officer Paul A. Holt was named best finance executive in TechAmerica’s 19th Annual Orange County High-Tech Innovation Awards.
The TechAmerica Orange County High-Tech Innovation awards recognize excellence and achievement across the region’s technology industry, and honors local companies, individuals and products that drive innovation in Orange County.
Holt was acknowledged for his role in the decade-long growth and expansion of Quality Systems, which provides software solutions for physicians, dentists and small hospitals, as well as his oversight of the nearly 10 acquisitions the Company completed during the past four years.
“I am truly honored to be recognized by TechAmerica, whose mission is to advocate for and embrace technology. Quality Systems has been an important part of the local tech landscape here in Orange County since our founding nearly 40 years ago. Looking ahead, we look forward to continuing to play a key role in helping shape the changing face of technology and improving healthcare for years to come,” said Holt.
Steven T. Plochocki, president and chief executive officer, added: “Paul has been instrumental in the growth of Quality Systems and has aided in keeping the Company on solid financial ground over the past several years. He has also led the expansion of the finance and accounting functions within our organization to support our rapid growth. We appreciate the TechAmerica judges recognizing the significance of Paul’s efforts and QSI’s role within the technology sector in Orange County. All of us at Quality Systems are proud of Paul’s achievements and recognition.”
TechAmerica is the leading voice for the U.S. technology industry – the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy. Representing approximately 1,000 member companies of all sizes from the public and commercial sectors of the economy, it is the industry’s largest advocacy organization and is dedicated to helping members’ top and bottom lines. TechAmerica is also the technology industry's only grassroots-to-global advocacy network, with offices in state capitals around the United States, Washington, D.C., Europe (Brussels) and Asia (Beijing).
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within the meaning of the federal securities laws, including but not limited to, statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future (including, without limitation, statements concerning revenue, net income and earnings per share). Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements. Factors that could cause the anticipated results to differ from those described in the forward-looking statements are set forth in Part I, Item A of our most recent Annual Report on Form 10-K for the fiscal year ended March 31, 2011, including but not limited to: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; seasonal patterns of sales and customer buying behavior; impact of incentive payments under The American Recovery and Reinvestment Act on sales and the ability of the Company to meet continued certification requirements; the development by competitors of new or superior technologies; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; undetected errors or bugs in software; product liability; changing economic, political or regulatory influences in the health-care industry; changes in product-pricing policies; availability of third-party products and components; competitive pressures including product offerings, pricing and promotional activities; the Company's ability or inability to attract and retain qualified personnel; possible regulation of the Company's software by the U.S. Food and Drug Administration; changes of accounting estimates and assumptions used to prepare the prior periods' financial statements; and general economic conditions. A significant portion of the Company's quarterly sales of software product licenses and computer hardware is concluded in the last month of a fiscal quarter, generally with a concentration of such revenues earned in the final ten business days of that month. Due to these and other factors, the Company's revenues and operating results are very difficult to forecast. A major portion of the Company's costs and expenses, such as personnel and facilities, are of a fixed nature and, accordingly, a shortfall or decline in quarterly and/or annual revenues typically results in lower profitability or losses. As a result, comparison of the Company's period-to-period financial performance is not necessarily meaningful and should not be relied upon as an indicator of future performance. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.
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