ADVANCED DATA PROCESSING, INC. ACQUIRES AMBULANCE/EMS BILLING COMPANY

Largest single-specialty EMS billing company in US to become national leader in EMS billing & A/R management

For Details, Contact:Don PassaroPhone (PRWEB) December 25, 2002 -0652adpdpassaro@bellsouth.net   Advanced Data Processing, Inc.520 NW 165 Street, Suite 201Miami, FL 33169Phone (305) 945-2280Fax (305) 945-6646
ADPI news release
ADVANCED DATA PROCESSING, INC. ACQUIRES AMBULANCE/EMS BILLING COMPANY
Largest single-specialty EMS billing company in US to become national leader in EMS billing & A/R management

Miami, December 20, 2002: Advanced Data Processing, Inc. (ADPI") has acquired the ambulance/emergency medical services (EMS") billing operations of Advanced Data Processing, the leading EMS billing company in the Southeast.
Based in Miami, Florida, ADPI specializes in billing and accounts receivable management services for cities and counties that provide 9-1-1 emergency and other non-emergency ambulance services. ADPI is the largest single specialty EMS billing company in the US serving 43 communities in three states with a combined population of over 8 million residents. ADPI will continue to invest in its infrastructure and technology to become a national leader in EMS billing services.
ADPI is a wholly owned subsidiary of ADPI Holding, Inc., a healthcare billing company formed by The DeZonia Group, Inc. and The Capstreet Group, LLC.
The DeZonia Group, Inc., a management company specializing in healthcare reimbursement services and based in Newport Beach, Calif., led the acquisition and also provided equity investment. Since its formation in 2000, The DeZonia Group has led the successful turnaround of Certus Corporation, a healthcare revenue-cycle management company serving over 500 hospitals in 30 states.
Douglas A. Shamon, co-founder of The DeZonia Group, Inc., is President, Chief Executive Officer, and a director of ADPI. William DeZonia, co-founder of The DeZonia Group, Inc. serves ADPI as a director and business advisor.
Prior to joining ADPI, Mr. Shamon served as Executive Vice President, Chief Financial Officer, and Director with Certus during its turnaround phase and continues to serve on Certus Board of Directors. Mr. Shamon has also held various senior management positions in national healthcare services companies since 1991. He has extensive experience in medical billing on a national basis along with experience in medical records and hospital revenue-cycle management services. Mr. Shamon is a Certified Public Accountant and holds Bachelor of Science degree in Management from Boston College and a Master of Business Administration degree from San Diego State University.
Mr. DeZonia is President and Chief Executive Officer of Certus Corporation where he led its successful turnaround effort. Mr. DeZonia has over 25 years senior management experience in medical billing operations.
The Capstreet Group, LLC, a private equity firm based in Houston, Texas and its affiliated funds provided equity cash investments to complete the transaction. David Graham, a principal with Capstreet will serve as Chairman of the Board of ADPI. George Kelly and Greg Elliot, also principals of Capstreet, will serve as directors of ADPI.
Commenting on the acquisition Mr. Shamon noted, Advanced Data Processing is a solid company with excellent client relationships and 20 years of experience in EMS billing. This acquisition provides ADPI with a highly capable and experienced management team including Don Passaro, Vice President and Darryl Hartung, Senior Manager who will continue to play key roles in the company. Paul Franzelas, founder of Advanced Data Processing will also continue to support ADPI focusing his efforts on client reporting and programming needs and advising on other business matters. We are fortunate to have such a solid foundation and strong financial backing as we look to take our EMS billing services national."
This press release may contain forward-looking statements within the meaning of the "safe harbor" provision of the United States Private Securities Litigation Reform Act of 1995. While these statements represent our best current judgment, they are subject to risks and uncertainties that could cause actual results to vary. These statements may involve risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated.