GENERAL DEVELOPMENT OF BUSINESS

ImageMatrix Corporation (the Company) designs, markets and installs software that improves productivity and customer service for health maintenance organizations (HMOs), health insurance companies, workers compensation organizations, dental providers, preferred provider organizations (PPOs) and third-party administrators (TPAs). These organizations are collectively known as Managed Care Organizations (MCOs). The Company's imaging systems integrate the Company's proprietary software as well as components manufactured by third party imaging software, hardware and peripheral vendors. The Company has developed a suite of software products...