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doublesys Engages Audit Firm in Preparation for Application with OTC Bulletin Board


MIAMI, Aug. 25 /PRNewswire-FirstCall/ -- doublesys Corporation (OTC Pink Sheets: UPHD) announced today it has engaged Salberg & Company P.A. as its independent registered public accounting firm.

Salberg & Company will complete the Fiscal Year 2002 and 2003 financial audits necessary for doublesys to become an SEC fully reporting company listed on the OTC Bulletin Board.

"Salberg & Company has extensive accounting and audit expertise in servicing small and medium-size publicly held companies," said Robert L. Trinka, doublesys's chairman and chief executive officer. "After evaluating our needs, we determined that Salberg & Company's accountants have the right combination of industry knowledge and SEC expertise to assist us in meeting the regulatory requirements of the SEC, the OTC Bulletin Board and Medicare insurance regulatory agencies."

Salberg & Company provides services to businesses and individuals, including auditing, business valuations, accounting, taxation and business consulting. The company provides financial statement-related services to companies such as securities broker/dealers, correspondent mortgage lenders, publicly held companies and any other companies that are required to submit audited financial statements to regulatory agencies or other entities.

About doublesys Corporation

doublesys develops and operates managed care plans that are owned and governed in partnership with practicing physicians. With its turn-key approach, the company provides physicians with access to capital, risk- management expertise, infrastructure, information systems and other management resources for the formation and operation of doublesys Local Health Plans. doublesys's model enables physicians to focus on their primary responsibility: taking care of their patients' health and delivering high-quality medical care.

Headquartered in Miami, doublesys is currently developing Medicare managed care plans in Florida and throughout the United States. For more information, visit http://www.doublesys.com or call 305.779.1779.

Information contained in this press release, other than historical information, should be considered forward-looking in nature and is subject to various risks or uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. Such risks and uncertainties include, but are not limited to, the company's expectation of operating losses and negative cash flow for the foreseeable future. Other risks factors include the company's limited operating history, unpredictability of operating results, possible changes in federal and state regulations, reliance on future financing and key employees, as well as the competitive marketplace.







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