Zynex Medical Renews Contract With Anthem Blue Cross/Blue Shield Nationwide Network
LITTLETON, CO -- (MARKET WIRE) -- 04/06/2004 -- Zynex Medical Holdings, Inc. (OTC BB: ZYNX), announces that its wholly owned subsidiary, Zynex Medical, Inc., a preferred provider in the nationwide Anthem Blue Cross/Blue Shield network, signed a renewal contract on April 1, 2004. The contract as a preferred provider covers 53 health insurance plans across the United States, which are part of the Anthem Blue Cross/Blue Shield network.

The contract allows Zynex to collect on insurance claims within the Anthem BC/BS network in a much more expeditious manner which in turn reduces debt servicing costs for accounts receivable.

Thomas Sandgaard, CEO of Zynex Medical Holdings, Inc. commented, "We are proud to be a preferred provider in the Anthem BC/BS network of health insurers and it provides in-network coverage of not only our standard TENS and NMES devices, but also our newer technologies, such as our NeuroMoveâ„¢ for stroke and spinal cord injury patients and our IF8000, often used in post-op orthopedic surgery."

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Since 1996, Zynex has been a leading provider of relief for patients with functional disability through the creation, distribution and marketing of the highest quality electrotherapy products available today. Zynex continually strives to uphold its mission to improve the quality of life of patients suffering from debilitating pain or illness by providing the highest technology and service standards in the electrotherapy industry. Utilizing various methods of non-invasive muscle stimulation and state-of-the-art electromyography technology, Interferential Current (IFC) and Transcutaneous Electrical Nerve Stimulation (TENS), Zynex offers patients a new lease on life through increased mobility and independence.