Precision Dynamics Corporation Awarded 3-Year Contract Extension for Patient Wristbands From Amerinet

SAN FERNANDO, CA–(Marketwire – September 15, 2010) –  Precision Dynamics Corporation, the global leader in healthcare identification solutions, has been awarded a 3-year contract extension from Amerinet for patient wristbands, allowing Amerinet customers to lock in significant potential savings. Amerinet is a leading national healthcare group purchasing organization with more than 2,500 acute care hospitals and 25,000 alternate care members in its network of healthcare providers.

The Contract VH2100 for wristbands is active through October 31, 2013. It provides Amerinet clients with access to Precision Dynamics’ leading line of ID solutions for accurate, reliable and easy-to-use positive patient identification throughout the continuum of care, helping to prevent errors and improve clinical outcomes.

The agreement will help Amerinet clients continue to enhance their operating margins and cash flow. New cost savings include a committed Tier that will pass on a minimum savings of 10% off the standard Amerinet contract for those members who meet the requirements of Precision Dynamics’ PowerPlus™ Purchasing Program.

“As a partner with Amerinet for over 10 years, Precision Dynamics shares Amerinet’s goal of providing high quality care through positive ID solutions, while reducing costs and streamlining operations in healthcare,” said Gary Hutchinson, President and CEO of Precision Dynamics. “We look forward to our continued collaboration to provide positive ID and positive outcomes.”

Precision Dynamics was awarded the wristband contract as part of Amerinet’s intensive contract selection process, which focuses on delivering high quality, cost-effective solutions to the healthcare industry. Precision Dynamics is also under contract with Amerinet for its labeling solutions (contract VH05600).

About Precision Dynamics Corporation (PDC):
The Leading Provider of Positive ID and Positive Outcomes™
With more than 50 years of experience, Precision Dynamics provides accurate, reliable, and easy-to-use healthcare ID solutions that empower the flawless delivery of care and enhance outcomes across all major hospital functions. PDC products are used in all of the leading hospitals worldwide and comprise a comprehensive range of wristband and labeling systems that provide positive ID and positive clinical outcomes.

Precision Dynamics products meet important guidelines of the Joint Commission, World Healthcare Organization, FDA, AHA, and HIPAA. As the developer of the first single-piece patient wristband, the first bar code wristband system, and the first Smart Band^® RFID wristband system, Precision Dynamics solutions are an integral part of some of the most successful patient safety initiatives. As an ISO 9001 certified company, Precision Dynamics follows a systematic, world-standard approach to ensure superior product design, manufacturing, and customer supper services. Precision Dynamics constantly thrives to better understand customer needs and measures performance through vehicles such as its Customer Council and Customer Survey Program. For more information, call 800.772.1122 or visit www.pdcorp.com/healthcare.

About Amerinet
As a leading national healthcare group purchasing organization, Amerinet strategically partners with acute and alternate care providers to reduce costs and improve quality through its performance solutions. Built on a foundation of data, savings and trust, and supported by a team of clinical and supply chain experts, Amerinet enriches healthcare delivery for its members and the communities they serve. To learn more about the Amerinet difference, visit www.amerinet-gpo.com.

Precision Dynamics Corporation, product names, company names, marks, logos and symbols mentioned herein are trademarks or registered trademarks of Precision Dynamics Corporation. All other product names, company names, marks, logos and symbols mentioned herein are trademarks of their respective owners.