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Verinform Receives Second Funding Round: Lead Equity Investor to take Board Seat

July 29, 2003 - Portland, Oregon

Verinform Systems, Inc., announced today that it has received a second round of financing from a group of private investors. The round, now closed, was lead by HPK, LLC, a holding company of one of the region’s leading philanthropic families, the Keller Family. The amount raised is not being disclosed at this time.

“This funding round is a vote of confidence from our investors,” said Dina Dickerson, Verinform’s President and Chief Executive Officer. “They know that medical education programs throughout the nation are under immediate pressure to install regulation-compliant systems governing 80-hour work week rules for medical residents. In today’s challenging economic environment, institutions are also recognizing the need for faster, more accurate and much less laborious ways to generate Medicare Cost Reports and to recover lost revenues through more accurate tracking of affiliate reimbursements. Verinform provides the only enterprise-wide solution available to the market today.”

Verinform is also pleased to announce the appointment of Libby Keller McCaslin to the organization’s board of directors. Ms. McCaslin, an officer of HPK, LLC, the Keller Family holding company, holds a J.D. from Lewis and Clark College Northwestern School of Law and a Bachelor’s degree in English from Stanford University. She is active in community affairs and resides in Portland with her husband and three children.

About Verinform
Verinform Systems, Inc. provides enterprise-grade software solutions for academic hospitals, clinical environments and public health laboratories. Software applications are developed on the Verinform Protocol Manager (VPM™) platform, a set of browser-based database and workflow tools that allows for the rapid deployment of highly customized, extremely secure and regulation-compliant solutions. For more information on Verinform, please visit them on the web at www.verinform.com or call 503-231-8912.


Verinform News
Verinform provides briefings to analysts and accredited members of the press upon request. For more information, call 503.231.8912 or write pr@verinform.com.

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