Quality Systems, Inc. Wins Gold Stevie®Award in Part Two of the 2012 10thAnnual American Business AwardsSM
Company Ranks First amongst Top 10 Organizations Recognized across the Program
IRVINE, Calif.--(BUSINESS WIRE)-- Quality Systems, Inc. (Nasdaq: QSII) announced today that it has won a gold Stevie® award as well as seven silver and four bronzes in Part II of the 2012 10th Annual American Business AwardsSM.
The American Business Awards are the nation's premier business awards program. All organizations operating in the U.S. are eligible to submit entries including public and private, for-profit and non-profit, large and small. More than 3,000 entries were submitted for consideration across 100+ categories in this year's competition.
This year, for the first time, the awards were conferred in two programs: the first in New York in June 2012 for company categories and the second, focusing on technology and new products, in September 2012 in San Francisco.
At the September 17th banquet in San Francisco, Quality Systems President and Chief Executive Officer Steven T. Plochocki was named the gold winner in the Executive of the Year-Computer Services category. The company's seven silver and four bronze awards recognized the company's growth and products.
Additionally, for the first time, the American Business Awards ranked the top organizations recognized across the entire program, based on points earned for submissions. Quality Systems was first in the top 10 organizations named.
At the June 18th, 2012 ceremony, Quality Systems earned two gold, five silver and seven bronze awards.
"All the awards won by the company in this year's American Business Awards programs, coupled with the organization being named Number One in the Top 10 organizations in the program, is a real testament to the efforts and dedication of our entire team and organization. This year, QSI was recognized across all functional areas of our business, along with several of our new ancillary products that have garnered broad acceptance in the marketplace," Plochocki said.
"This prestigious honor is validation of the success and innovation of our solutions and the commitment of our more than 2,000 employees worldwide. We extend our gratitude to each and every one of them and to the prominent judges who acknowledged their continuous hard work," Plochocki explained.
"Quality Systems was number one in our first-ever top 10 ranking of organizations scoring the most points in the competition. We applaud their efforts and are pleased to offer a program that recognizes companies of all sizes and their employees," stated Michael Gallagher, president of The Stevie Awards.
About The Stevie Awards
Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.stevieawards.com/. A list of winners can be found at http://www.stevieawards.com/pubs/awards/403_2183_21614.cfm.
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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