SOURCE: Vista Partners LLC
SAN FRANCISCO, CA--(Marketwire - Jul 24, 2012) - Vista Partners announced today that it has initiated coverage on Auxilio Inc. (OTCBB: AUXO) ("The Company," "Auxilio" or "AUXO"); with a twelve month target price of $3.35. Ross Silver, Principal Analyst at Vista Partners, stated, "According to IDC, printed page volume in the United States is expected to reach 1.2 Trillion pages by 2015. As the only vendor neutral, health care exclusive Managed Print Services 'MPS' company in the U.S., Auxilio is poised to provide hospitals with specialized knowledge of urgent care print environments that aids with cost reduction, assist with e-records execution and provide on-site planning as a strategy partner to substantially reduce paper volume." Mr. Silver continues, "Auxilio continues to add top tier hospitals as clients and signed two new contracts in the past couple months, a contract valued at approximately $10M over five years with Sharp HealthCare in San Diego, CA and a contract valued at approximately $35 million over five years with Bon Secours Health System ("BHSI")." Mr. Silver concludes, "With approximately 5,795 hospitals in the United States, AUXO values the market potential for its service at up to $22B."
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