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MMRGlobal Receives Signed Contracts for Additional MMRPro Systems(April 24, 2012)
LOS ANGELES, CA -- (Marketwire) -- 04/24/12 -- MMRGlobal, Inc. (OTCBB: MMRF) ("MMR") today announced that Regent Surgical Health ("Regent") has signed two additional agreements with the Company for the purchase of MMRPro systems. MMR will install the new MMRPro systems at facilities managed by Regent in Fort Myers, Florida and New Brunswick, New Jersey. The Company plans on delivery and installation this quarter during May and June. The orders represent another $43,200 in MMRPro revenue portions of which are recognized in this quarter. The Company expects additional agreements in Chicago, Illinois this quarter. These sales are in addition to previous sales of MMRPro systems for Regent, a leading surgery center management and development company that currently manages more than 20 facilities nationwide.
"Because of MMRPro's ease of operation and ability to speed up the transition from imaging and scanning paper-based medical records to a full blown EMR installation, MMRPro is building traction in the market and having an impact on doctors, hospitals, surgery centers and other healthcare facilities. In addition, we install the systems on-site and maintain 24/7 technical support," said Richard M. Lagani, MMRGlobal Executive Vice President.
MMR has installed numerous MMRPro systems in the U.S. starting with Spalding Surgical Center of Beverly Hills which is achieving its goal of becoming paperless with the support of MMRPro.
MMRGlobal also recently announced significant developments in China. The Administration of Industry and Commerce (AIC) has approved the application for establishment of the Unis Tonghe MMR International Health Management Service Co., Ltd. Joint Venture. The Company will now file the application with the local AIC for registration of the JV within 30 days as of receipt of the local government's Approval Certificate by May 18, 2012.
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 Regent Surgical Health
Regent Surgical Health is among the nation's leading surgery center management and development companies, and the most experienced company offering physician/hospital joint venture partnerships. Regent has an unmatched record for delivering sustainable profitability while enabling physician partners to maintain clinical autonomy and financial control. The company invests capital side by side with hospital and physician partners and firmly believes the by-product of excellent care and efficiency is financial success. To learn more about Regent Surgical Health and other physician/hospital alliance opportunities, visit our web site at www.regentsurgicalhealth.com.
All statements in this press release that are not strictly historical in nature, whether or not such statement relates directly to agreements with Regent Surgical Health or the Unis Tonghe MMR International Health Management Service Co., Ltd. Joint Venture, and the Company's future performance, management's 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 the Company'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," "intend," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue." Factors that could cause or contribute to such differences include, but are not limited to, the risk the Company's products are not adopted or viewed favorably by the healthcare community in the U.S. and internationally; business prospects, results of operations or financial condition; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; 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; 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; risks related to a security breach by third parties; risks associated with recruitment and retention of key personnel; maintaining, developing and defending our intellectual property rights; marketing and exploitation of our patent portfolio both in the U.S. and internationally; uncertainties associated with doing business internationally across borders and territories; and additional risks discussed in the Company's filings with the Securities and Exchange Commission. The Company 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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