The Company expects to generate additional funds of over
Q4 Systems also announced that it has begun executing its debt restructuring plan which reduces its liabilities by
Desai also stated, "We are projecting double digit revenue growth in 2014 and expect to reach profitability post non-cash charges. It is important for our current and future shareholders to understand that we have maintained positive cash flow while servicing our debt load. Now that we have reduced our debt by nearly 45% in last two quarters of 2013 and added significant cash to our balance sheet, we are poised for a stronger performance in all our divisions."
As stated in its release of
Q4's healthcare exchange platform allows employers and employees to plug in data such as age, budget, and other details and shop for a wide variety of benefits with ease and convenience. Members can choose from up to 20 different plans.
About Q4 Systems Corporation
Q4 Systems is an IT software company that develops and implements mission-critical cloud-based enterprise systems for both Fortune 500 companies and smaller enterprises. With over 1000 associates spanning multiple countries, Q4 Systems services over 150 companies worldwide. The company is a leading provider of Health Exchange platforms (QHIX) and a proprietary set of SMAC (social media, mobility, analytics and cloud computing) technology solutions to enterprise clients in the Financial Services, Health Care, Retail, Media and Manufacturing sectors. More information about Q4 Systems can be found at http://www.qfor.com.
This release contains forward-looking statements, which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact should be considered to be forward-looking statements. Certain factors could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
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