Virtual Medical Centre.com

About Our Website


Virtual Medical Centre (www.virtualmedicalcentre.com) is one of Australasia’s leading providers of free online medical content, continuing medical education and health information for patients and medical professionals. The Virtual Medical Centre (VMC) website has been expanded to most medical disciplines, including gastroenterology, rheumatology, cardiology, respiratory medicine and neurology, and features more than 1,100 medical specialists on its Editorial Advisory Board (EAB) from Australia, the United States, Canada, New Zealand and the United Kingdom. The EAB regularly contribute content in the form of articles and videos, as well as edit and review other website content for quality control purposes.


Company Profile


VMC has 42,000 pages of medical information, videos, animations, surveys, reviews and forums that are updated every 12 hours. VMC is a trusted source of online health information, a fact reflected by the use of VMC-produced content by HealthInsite, benevolent associations and in English language competency exams for health professionals.

 

A separate section of the website, only visible to registered medical practitioners, has attracted online advertising revenue from many blue chip multi-national pharmaceutical companies who pay to educate doctors about their prescription medicines. The company has developed a proven platform that currently delivers the highest level of continuing medical education to doctors with an impressive 900 topics that have been accredited by industry bodies. In addition, VMC has successfully developed an online market research and networking product line that is widely used by many doctors. The company plans to use its existing product portfolio to enter the US markets and acquire profitable deals for content licensing, advertising, market research, health product/service sales, and more.


Company History


VMC was originally named Virtual Cancer Centre Pty Ltd. and was registered as an Australian corporation on 10 April, 2002, with a name change to Virtual Medical Centre Pty Ltd. on 23 July, 2007. Virtual Cancer Centre was created by Dr Andrew Dean, a senior palliative care specialist in Western Australia, in response to the level of misinformation on medical issues that he perceived on the internet in the early 2000s. Dr Dean discovered that his patients had a pronounced need for information on cancer, and he thus developed an intranet site about cancer at his hospital for his patients’ use. Shortly after developing his site, medical professionals and patients from other hospitals requested access to the information, leading to the creation of the internet-based Virtual Cancer Centre in August 2001. Virtual Cancer Centre also formed the EAB to provide an information resource about popular topics in oncology and to provide a channel for medical oncologists to communicate this information to their patients. Virtual Cancer Centre offered reputable health professionals a means of counterbalancing misleading alternative information found on the internet with credible, evidence-based health information.

The Virtual Cancer Centre website grew in popularity and internet traffic on the strengths of its easy presentation of useful information and successful implementation of the EAB model (which afforded participating specialists direct ownership and control of the website and its information). As a result, practitioners in other specialties began to learn about VMC’s EAB model, and demand spread to extend the website’s coverage to information on non-cancer illnesses. Thus, in 2007, Virtual Cancer Centre became the Virtual Medical Centre (VMC) website, providing free health information to health professionals and the general public on over 22 specialist areas at its health portal, www.virtualmedicalcentre.com.

Currently, the VMC website has approximately 10,000 members from the medical community, which represents approximately 20% of all medical professionals in Australia. The VMC model is to provide up-to-date and relevant content, designed and written both by doctors for doctors and by doctors for consumers.


Corporate Governance


VMC's Board has held no formal meetings during the last 12 months. All proceedings of the Board were conducted by resolutions consented to in writing by the directors and filed with the minutes of the proceedings of the directors. Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Nevada Revised Statutes and the by-laws of the Company, as valid and effective as if they had been passed at a meeting of the directors duly called and held. VMC does not presently have a policy regarding director attendance at meetings.

VMC does not have standing audit, nominating or compensation committees, or committees performing similar functions. Previously having been a shell corporation, the former Board believed that it was not necessary to have separate committees because the functions of such committees were adequately performed by the Board.


VMC Management

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Wayne Hughes
Mr Hughes co-founded VMC and, since August 2001, has served as the Managing Director and member of the Board of Directors of VMC. Mr Hughes has served as Chairman of the Board of Directors of VMC since August 2001. Under the Exchange Agreement, Mr Hughes was appointed the Chief Executive Officer of the Company beginning on 27 May, 2010. He has an extensive business background, ranging from forming numerous start-up companies to serving as corporate senior management. Mr Hughes owned and operated various enterprises for over 20 years before founding VMC. Mr. Hughes completed his MBA at the University of Western Australia in 2004, specialising in Strategic Management.

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Andrew Dean
Dr Dean co-founded VMC and, currently serves as a non-managing director and consultant of VMC, a position he assumed in July 2007. Since 2005, he has served as the Honorary Medical Officer in the Department of Medical Oncology at Sir Charles Gairdner Hospital. He also serves as a Medical Oncologist at St. John God Oncology, Subiaco and Perth Oncology, where he has provided services since 2007. He received his Bachelor of Medicine and Bachelor of Surgery degrees from the University of Liverpool in 1985.

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Thomas Maher
Mr Maher serves as the Chief Operating Officer of the Company, a position he assumed on 27 May, 2010. He also serves as the General Manager of VMC, a position he has held since 2004, where he is responsible for product research and development, revenue generation, strategic planning and other areas related to the development and growth of VMC. Mr Maher is also joint Secretary to the VMC Board of Directors, which began in September 2007. He earned his Executive Master of Business Administration degree from the University of Western Australia in 2004.


Investor Contact Details

For further information or to make other investor enquiries, please email:

investor@virtualmedicalcentre.com


Stock Information


Podcasts

CEO Podcast


VMC's CEO, Wayne Hughes, was a featured guest in an exclusive live interview.

Click here to listen to the podcast.



SEC Filings

Contact us

 

Virtual Medical Centre
Level 1, 414 Scarborough Beach Road
Osborne Park, Western Australia 6017

Copyright (C) 2010 Virtual Medical Centre. All rights reserved.