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AUXILIO and Sodexo Expand Marketing Alliance to Accelerate Growth of Managed Print Services in the U.S. Health Care Industry
May 19, 2011
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Mission Viejo, CA – May 19, 2011 – AUXILIO, Inc. (AUXO.OB), the pioneer in Managed Print Services (MPS) for the health care industry, and Sodexo, the leader in Quality of Daily Life Solutions, today announced an expanded marketing alliance that will enhance their partnership and deepen the market reach of AUXILIO’s MPS program into the U.S. health care industry. The announcement is a result of the successful performance of an existing agreement that led to four new MPS contracts in 2010, and the growing demand for hospitals to reduce costs and increase efficiencies, which is precisely aligned with AUXILIO’s MPS strategy.
To accelerate this business growth opportunity, Sodexo will more than double its investment in AUXILIO’s sales resources and marketing efforts to bolster its unique health care exclusive, vendor neutral print solutions model deeper into Sodexo’s 1,300 hospital portfolio. In exchange, AUXILIO will provide Sodexo with direct equity in the company through the issuance of restricted stock as well as performance based equity and cash commissions based on sales and growth achievements.
“We are honored and excited about the expansion of our marketing partnership with Sodexo including having them as direct shareholders of our company,” said Joseph J. Flynn, president and chief executive officer of AUXILIO. “Sodexo’s leadership in managing services in health care and its tremendous customer base is the leverage we need to gain access to key stakeholders in hospitals to grow our company. Their investment with additional operational and marketing support allows for heightened awareness of our MPS strategy across the country. We look forward to continuing to introduce our high performance, customized MPS program to Sodexo’s customers.”
“We have been extremely pleased with our relationship with AUXILIO,” said Patrick Connolly, Health Care Market President and Chief Operating Officer for Sodexo. “The partnership has allowed us to deliver demonstrable, guaranteed savings and process efficiencies to our customers’ print environment, assuring an improved quality of work environment for their staff. By investing further in AUXILIO with more operational and marketing resources, and becoming shareholders in its success, we will continue leveraging their unique approach to MPS for hospitals and look forward to providing growth opportunities to expand AUXILIO’s business in the near and long term.”
AUXILIO, Inc. is the pioneer of managed print services for the health care industry, working exclusively with hospitals and hospital systems throughout the United States. We are vendor independent and provide intelligent solutions, a risk free program and guaranteed savings. AUXILIO assumes all costs related to print business environments through customized, streamlined and seamless integration of services at predictable fixed rates that are unmatched in the industry. We work collaboratively to assist our health care-partners in the delivery of quality patient care. The service and solutions provided by our on-site Centers of Excellence professional print strategy consultants deliver unparalleled customer service across the industry. For more information about AUXILIO, visit www.auxilioinc.com.
Sodexo, Inc. (www.sodexoUSA.com), a member of Sodexo Group, is a leading provider of Comprehensive Service Solutions serving more than ten million customers daily in corporations, health care, long term care, retirement, schools, higher education, government and remote sites. Headquartered in Gaithersburg, Md., Sodexo, Inc. operates in the U.S., Canada and Mexico, with $7.7 billion (USD) in annual revenue and 120,000 employees. The Sodexo Foundation (www.SodexoFoundation.org) is an independent charitable organization that, since its founding in 1999, has made more than $12.7 million in grants to fight hunger in America. Visit the corporate blog at www.sodexoUSA.com/blog.
This release contains certain forward-looking statements relating to the business of AUXILIO, Inc. that can be identified by the use of forward-looking terminology such as "believes,'' "expects,'' “anticipates,” “may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/services development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. AUXILIO, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.