IRVINE, Calif., Jul 20, 2010 (BUSINESS WIRE) --
Quality Systems, Inc.
(NASDAQ GS:QSII)
announced today that the Company's
proxy materials for its 2010 Annual Meeting of Shareholders are now
available via the Internet under the U.S. Securities and Exchange
Commission's Notice and Access rule.
Under the Notice and Access rule, companies may furnish proxy materials
to shareholders via the Internet as an alternative to the traditional
mail delivery of printed materials. Shareholders as of the June 15, 2010
record date for the Annual Meeting will be mailed a "Notice Regarding
the Availability of Proxy Materials." This notice will provide the
Internet web site address where the proxy materials can be viewed and
shares can be voted. It will also include instructions for requesting a
paper copy of the proxy materials via telephone, Internet web site or
email. By implementing the Notice and Access rule, Quality Systems was
able to considerably reduce the number of printed copies of its annual
report and proxy materials that it would otherwise produce, thereby
lowering production and delivery costs as well as minimizing the impact
on the environment from its Annual Meeting.
Quality Systems' 2010 Annual Meeting of Shareholders will be held on
Wednesday, August 11, 2010 at 1:00 PM at the Marriott Irvine located at
18000 Von Karman Avenue, Irvine, Calif., 92612.
Quality Systems' 2010 annual report and proxy statement for the 2010
Annual Meeting can also be viewed on the Company's web site by visiting http://investor.qsii.com/financials.cfm.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare
Information Systems subsidiary develop and market computer-based
practice management, patient 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. 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 and net income), are forward-looking
statements within the meaning of these laws and involve a number of
risks and uncertainties. Management believes that these forward looking
statements are reasonable and are based on reasonable assumptions and
forecasts, however, undue reliance should not be placed on such
statements that speak only as of the date hereof. Moreover, these
forward-looking statements are subject to a number of risks and
uncertainties, some of which are outlined below. As a result, actual
results may vary materially from those anticipated by the
forward-looking statements. Among the important factors that could cause
actual results to differ materially from those indicated by such
forward-looking statements are: 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; 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; uncertainties
concerning threatened, pending and new litigation against the Company
including related professional services fees; uncertainties concerning
the amount and timing of professional fees incurred by the Company
generally; changes of accounting estimates and assumptions used to
prepare the prior periods' financial statements; general economic
conditions; and the risk factors detailed from time to time in the
Company's periodic reports and registration statements filed with the
Securities and Exchange Commission. A significant portion of the
Company's quarterly sales of software product licenses and computer
hardware is concluded in the last month of the 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.
SOURCE: Quality Systems, Inc.
Quality Systems, Inc. Susan J. Lewis, 303-804-0494 slewis@qsii.com
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