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Australian PHR Mandate Demonstrates Significance of MMRGlobal International Patent Portfolio(May 10, 2012)
LOS ANGELES, CA -- (Marketwire) -- 05/10/12 -- MMRGlobal, Inc. (OTCBB: MMRF) ("MMR") today called attention to the importance of the Australian Government's eHealth mandate and announcement this week that Australians will be able to register for an online Personal Health Record by phone or at Medicare outlets starting July 1, 2012. The Company, a leading provider of Personal Health Records (PHRs) and electronic document management and imaging systems for healthcare professionals, holds several issued patents for "Method and System for Providing Online Medical Records" in Australia, specifically pertaining to Personal Health Records. The patents have been licensed to Australia-based VisiInc PLC, who is offering licensed MMR products and services in Australia.
MMR has similar patents issued, pending or applied for in the United States, Canada, Europe, Hong Kong, Israel, Japan, Mexico, New Zealand, Singapore and South Korea. The Company believes that this is a significant market opportunity for MMR and VisiInc and demonstrates the value of MMR's six-year effort to patent Personal Health Records internationally.
In the 2012-13 financial year, the Australian Government projects approximately 500,000 Australians to take up the Personally Controlled Electronic Health Record (PCEHR) service, with 1.5 million in the following year, 2.2 million in the year after and 2.6 million in three years, according to figures released by the Australian Government. Also reported, doctors will be required to participate in the electronic health records system due to launch on July 1 or lose an existing incentives package worth up to $50,000 a year per practice.
"We were pleased to learn of this significant announcement from our strategic partner and licensee VisiInc," said MMRGlobal CEO Bob Lorsch. "We believe that the rollout by the Australian Government will help call further attention to the importance and cost-saving benefits of having a PHR globally and that it will create buyer awareness and ultimately help MMR and VisiInc sell our respective products and services. We have spent years educating the market and consumers on how important it is to have a secure online Personal Health Record, and these types of government eHealth measures add credibility to our efforts in Australia and around the world."
About MMRGlobal, Inc.
MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc., provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, financial institutions, and professional organizations and affinity groups. The MyMedicalRecords PHR enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. MyMedicalRecords is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time through an integrated patient portal. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. Through its merger with Favrille, Inc. in January 2009, the Company acquired intellectual property biotech assets that include anti-CD20 antibodies and data and samples from its FavId/Specifid vaccine clinical trials for the treatment of B-Cell Non-Hodgkin's lymphoma. To learn more about MMRGlobal, Inc. visit www.mmrglobal.com. View demos and video tutorials of the Company's products and services at www.mmrtheater.com.
About VisiInc PLC
VisiInc PLC is a leading software company headquartered in Perth, Australia and registered in the UK, with development and marketing offices located in the USA. Through its evolutionary Visi platform, VisiInc operates Vistime. Vistime is rapidly capturing global market share of major verticals such as Healthcare, Government, Engineering and Architecture, Mining, Oil & Gas, Exploration, Energy, Education, Advertising & Media and online Video Conferencing. Visi, the next evolution in visual communication, is capable of delivering solutions in both the physical and virtual environment in 3D. Vistime has been designed to integrate with the existing product offerings of the world's leading web collaboration and enterprise content management systems, enabling vendors to immediately expand their product capabilities and service offerings through Integrated Product Offerings, White Label and Private Label Offerings and OEM opportunities. Through its unprecedented rapid visual rendering capabilities, the Vistime system (www.vistime.com) allows all end users to simultaneously view, manipulate, and explore multi-dimensional data visualizations of any file type and of any size, in real-time without any resolution degradation. The system eliminates the lag time barrier that exists with other viewers. As a result, Vistime is the first in the world to enable real-time collaboration of complex, data-rich visual files and 3D media. For more information, visit www.visiinc.com.
Statements in this press release that are not strictly historical in nature, including future performance, expectations, beliefs, intentions, estimates or projections, constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause MMRGlobal, Inc.'s actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. Some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue," or the negative of these words. Factors that could cause or contribute to such differences include, but are not limited to, outcomes of the agreement between MMRGlobal, Inc. and VisiInc PLC & Firmware Technologies, Inc.; the risk our products and services are not adopted or viewed favorably by the healthcare community, both in the U.S. and internationally; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; product integration in physician practices and hospitals; timing and volume of sales and installations; length of sales cycles and the installation process; market acceptance of new product introductions; ability to establish and maintain strategic relationships; ability to identify and integrate acquisitions; relationships with licensees; competitive product offerings and promotions; changes in government laws and regulations and future changes in tax legislation and initiatives in the healthcare industry; undetected errors in our products; possibility of interruption at our data centers; risks related to third party vendors; risks related to obtaining and integrating third-party licensed technology; acceptance of the Company's marketing and promotional campaigns; risks related to a security breach by third parties; maintaining, developing, exploiting and defending our intellectual property rights including those pertaining to our biotechnology assets; uncertainties associated with doing business internationally across borders and territories; and additional risks discussed in the Company's filings with the United States Securities and Exchange Commission. MMRGlobal, Inc. is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
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