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million shares of its commoj stock, the companies said late The stock wasworth $2.025t million based on the Tuesday closing price of OmniComm’s which was 25 cents, but OmniComn (OTCBB:OMCM) assumed liabilities related to the businesx and received $1.15 million in cash from ERT The electronic data capture business had revenue of $5.9 millionb last year and $1.4 million in the firstf quarter of this year. Its softwars and consultants help organizations that run clinica trials electronically collect and analyze data from ERT saidit doesn’t expect the excluding any one-time charges that result from it, to affect its previously issued guidance.
The company said in April that it expectz to earn 3 to 6 centsd per fully diluted share on revenuof $23 million to $26 millionm this quarter and 20 cents to 35 cents per fullyy diluted share on revenue of $100 millionb to $115 million this year. OmniComm, whicj is based in Fort Lauderdale, Fla., said it will open a New Jerseu office and move most of the employeeszof ERT’s electronic data capture busineszs to it.
ERT of Philadelphia will focuws on its cardiac safety which monitors the hearts of peopls participating in clinical and its Electronic Patient ReportedOutcomes (EPRO) which has a voice-response systemm that allows clinical-trial operators to collect data from people in the trials.
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