HATBORO, Pa., Dec. 3 /PRNewswire-FirstCall/ -- InfoLogix, Inc. (Nasdaq: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, having completed a successful restructuring transaction with its senior lender, Hercules Technology Growth Capital, Inc. (Nasdaq: HTGC), today commented on its market position, strategy and plans going forward.

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"We're pleased that Hercules has shown their confidence in InfoLogix by providing an important runway to complete the transformation of our business," said David Gulian, president and CEO of InfoLogix. "Hercules' decision to assume an equity position in our organization is a testament to their belief in our management team, our company, our long-term business model, and the strong recurring revenue opportunities that InfoLogix is positioned to capture in the healthcare and commercial markets."

"We believe there are strong secular trends in healthcare that support long-term growth of InfoLogix's business," said Manuel A. Henriquez, co-founder, chairman and chief executive officer of Hercules. "We are supportive of the efforts of the senior management team in restructuring their business to become more operationally disciplined in this environment. InfoLogix has identified a clear path to profitability, and we believe that as the Company begins to achieve its profitability milestones, significant value will be created for shareholders."

On Friday November 20, 2009, InfoLogix announced the completion of a restructuring transaction with Hercules Technology Growth Capital, Inc. that converted InfoLogix's debt to Hercules into equity and increased borrowing capacity up to $5 million. This transaction continues InfoLogix's aggressive pace of the past 24 months, as it focuses on transforming its business from a wireless vendor to a full solutions company serving the healthcare and commercial markets.

"In a very short time span, we've completed the integration of three consulting companies, added new service lines with recurring revenue, and positioned InfoLogix as a leader capable of delivering on the growing demand for mobile managed services," said Gulian. "As we continue to see a higher percentage of our revenues from software and services, we're seeing our customers, prospects, industry analysts and the news media recognize the value in our strategy, and the unique opportunity that we're poised to capture."

"Over the past decade, we've focused on building a strong business with long-term customer relationships, an extensive partner network, an unyielding commitment to innovation, and a team of employees made up of the best minds in the industry," continued Gulian. "We've aggressively realigned our business into a lean, agile, and disciplined organization that's precisely positioned at the crossroads of one of the greatest growth opportunities in the healthcare and commercial industries. With all of the elements in place, we're looking forward to executing on our business plan, capitalizing on the acquisition synergies and cost reductions we have made across the business, and driving InfoLogix to profitability and continued market leadership."

About InfoLogix, Inc.

InfoLogix is a leading provider of enterprise mobility solutions for the healthcare and commercial industries. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, Kaiser Permanente, MultiCare Health System and Stanford School of Medicine. InfoLogix is a publicly-traded company (Nasdaq: IFLG). For more information visit www.infologix.com.

Safe Harbor

InfoLogix makes forward-looking statements, including those relating to debt restructuring, in this press release which represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including the risks described in our Annual Report on Form 10-K for the period ended December 31, 2008, our Quarterly Report on Form 10-Q for the period ended September 30, 2009 and other filings we make with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement is made.


Corporate Contact:
Jason Fradin
Vice President of Marketing
215-604-0691 x1194
jfradin@infologix.com

SOURCE InfoLogix, Inc.