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MMRGlobal Announces Agreement for Four Million Warrants at Market Premium by Chinese Investment Partner

#1 User is offline   Remedy 4 That 

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Posted 23 July 2011 - 07:06 PM

MMRGlobal Announces Agreement for Four Million Warrants at Market Premium by Chinese Investment Partner

LOS ANGELES, CA--(Marketwire - Jul 21, 2011) - MMRGlobal, Inc. (OTCBB: MMRF), a leading provider of health IT products and services, including the MyMedicalRecords Personal Health Record (PHR) for use by consumers and healthcare professionals and MMRPro for physicians and hospitals, today announced that the Company and Unis-Tonghe Technology (Zhengzhou) Co., Ltd., MMR'S Chinese Joint Venture partner, have entered into a series of warrant purchase agreements whereby Unis-Tonghe has the right to purchase up to four (4) million shares of the Company's common stock: one million at 8 cents per share, an additional million shares at 12 cents per share, an additional million at 16 cents per share, and one million at 20 cents per share.

"This is a demonstration of Unis-Tonghe's commitment to the relationship with MMRGlobal," said Robert H. Lorsch, Chairman and CEO of MMRGlobal, Inc. "The Chinese government is serious about health IT and enrolling their population of over 1.3 billion in safe, secure and cost-efficient eHealth programs to protect the health of their citizens and reduce healthcare costs in the future. Our joint plans include a customized version of MMR's proprietary Personal Health Record and professional document imaging and management solutions which are embedded in MMRPro." (visit http://www.mmrprovideos.com)

Initial programs call for the provision of a variety of EMR services in Henan Province, one of the most populous provinces in China with nearly 100 million citizens. The province reportedly has 1410 municipal health institutions, including 164 hospitals, 43 community health centers, 134 community health stations, 14 women's and children's health maintenance centers, 17 disease prevention and control centers, seven health supervision stations and 42,231 healthcare professionals that include 16,389 assistant doctors and 16,432 registered nurses.

Unis-Tonghe recently received official notice that they are a winner of a bid to provide eHealth and Electronic Medical Record Services for 164 County/District of Henan Province in China. MMRGlobal announced the signing of a definitive agreement with Unis-Tonghe to be joint venture partners in January 2010. The Company believes that certain features and processes created for MMRPro and the MyMedicalRecords Personal Health Record may be incorporated into the Henan Province program on the Unis Medical Clouds Service. Further information is available in Chinese at: http://www.hngp.gov....75575801256.htm)
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Posted 29 July 2011 - 09:03 AM

MMRGlobal Announces Exclusive Webcast and Television Interview on MoneyTV With MMRF Spokesperson Kira Reed and First-Ever Academy Award® Best Actor Nominee Rin Tin Tin

Rin Tin Tin to help call attention to American Humane Association and the importance of PHRs for the entire family, including pets.

LOS ANGELES, CA, Jul 29, 2011 (MARKETWIRE via COMTEX) -- Kira Reed, spokesperson for MMRGlobal, Inc., will appear on "MoneyTV with Rin Tin Tin and Donald Baillargeon" on Friday, July 29th to discuss the opportunity for investors in health IT, particularly Personal Health Records (PHR).

MMRGlobal offers a suite of health IT products and services, including the MyMedicalRecords.com Personal Health Record (PHR) ( www.mmrvideos.com ) for consumers, healthcare professionals, employers, insurance companies, financial institutions, affinity groups and professional organizations, and MMRPro for physicians, small hospitals and surgery centers. Kira Reed will appear with famous canine and heroic rescue dog "Rin Tin Tin," who received the most votes as best actor at the first Academy Awards®. The Company is negotiating with Rin Tin Tin as a spokesdog to emphasize how its multilingual MyMedicalRecords PHR is already designed to include pets.

Ms. Reed will also comment on details of the Company's recent joint press release with Kodak earlier this week announcing the signing of a definitive purchase agreement for an MMRGlobal customized private label version of Kodak's Scan Station Pro 550 as part of its MMRPro solution.

"MoneyTV with Donald Baillargeon" is internationally syndicated in more than 170 million homes worldwide and is available in more than 70 million homes in the U.S. The television program is all about money and features informative interviews with company CEOs on trends affecting their business and outlooks for the future. The weekly television program first aired in 1996.
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Posted 22 December 2011 - 01:53 PM

New licensing agreement opens doors for MMRGlobal.

Dec. 12, 2011, 7:20 a.m. EST

MMRGlobal Signs $30 Million Non-Exclusive Patent License Agreement

LOS ANGELES, CA, Dec 12, 2011 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc. today announced that on December 9, 2011 it signed a Settlement and Patent License Agreement (the "Agreement") with Surgery Center Management LLC ("SCM") to license certain of the Company's Health IT and Personal Health Record patents, including various patents covering uses of MMR's personal and professional Health IT products and services. These include the Company's MyMedicalRecords.com Personal Health Record and MMRPro document imaging and scanning solutions for healthcare professionals (the "Licensed Patents") for a payment of $30 million plus additional usage royalties as outlined in the Agreement. The Agreement specifically excludes any of MMRGlobal's biotech assets.

Under the terms of the Agreement, MMR shall issue a limited, non-exclusive, non-transferable license to the Licensed Patents which cover the Licensed Products and/or Licensed Services to develop, make, have made, use, sell, lease, license, demonstrate, market and distribute the Licensed Products and/or Licensed Services under Licensee's brand, or private labeled for channel or distribution partners who purchase the Licensed Products and/or Licensed Services for resale to end customers. The Licensed Patents shall mean any issued or pending U.S. and/or foreign patent applications and/or issued patents including but not necessarily limited to Singapore, Hong Kong, Israel, South Korea, Mexico, New Zealand, Canada, Germany, Japan, United Kingdom, and the United States. The Agreement includes settlement of any potential claims by MMRGlobal against SCM and its affiliates for any past patent infringement.

"Last year, MMRGlobal celebrated the New Year by announcing a $13 million biotech licensing agreement. This year, MMR will go into the New Year announcing a $30 million licensing agreement. These license agreements highlight the potential value in the Company's patents and other Intellectual Property," said Robert H. Lorsch, Chairman and CEO of MMRGlobal.

The Agreement also contains customary provisions for this type of Agreement, such as the term of the Agreement, terms for payment, warranties and representations of the parties, and indemnities by the Company and SCM to each other. Although the effective date of the Agreement is December 9th, certain material rights and releases contained in the Agreement require that SCM pay the entire $30 million to MMR before those rights and releases become effective without which MMRGlobal would not have entered into the Agreement. The Company intends to file the Agreement as an exhibit to the Company's Annual Report on Form 10K.

In addition to holding numerous patents for Health IT applications, which are already being successfully licensed worldwide, the Company controls a portfolio of biotech assets acquired through a reverse merger with Favrille, Inc. in 2009. Favrille spent more than $100 million in development of certain intellectual property that includes biotech patents and patient samples, which MMR is working to license to biotech companies, universities and others. As previously reported, the Company has already demonstrated its ability to license portions of these biotech assets.

About MMRGlobal, Inc.

MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), 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. MyMedicalRecords 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. The MyMedicalRecords Personal Health Record 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.

Forward-Looking Statements

All statements in this press release that are not strictly historical in nature, whether or not such statement relates directly to the Agreement between MMRGlobal, Inc. and Surgery Center Management, LLC signed on December 9, 2011 or the terms contained therein, 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," "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, the risk that Surgery Center Management, LLC could terminate the Settlement and Patent License Agreement as a result of any inability on the part of the Company to perform any of its obligations under the Agreement or any legal or regulatory matters affecting SCM's ability to utilize any portion of the Licensed Patents. 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. You are cautioned not to place undue reliance on the forward-looking statements set forth in this press release.

SOURCE: MMRGlobal, Inc.
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#4 User is offline   MedicalMary 

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Posted 09 January 2012 - 07:47 AM

MMRGlobal makes history.

Jan. 9, 2012, 5:00 a.m. EST

Bob Lorsch, MMRGlobal CEO: "I Must Have Seen It Coming"

LOS ANGELES, CA, Jan 09, 2012 (MARKETWIRE via COMTEX) -- Mr. Lorsch is a nationally recognized marketing innovator who created the first advertising in space program presented to NASA in 1981. Almost 25 years later, he claims to own the rights to advertising in space, which was the subject of testimony before the Subcommittee on Science, Technology, and Space of the Senate Committee on Commerce, Science & Transportation, proposing that NASA once and for all earn revenue from sponsorship marketing and advertising of ads on the space vehicles and in future space missions to the Moon and Mars. (See photo of dinner hosted by Bob Lorsch at his LorschLand home catered by Wolfgang Puck in honor of the 30th Anniversary of Apollo 17, with astronauts and other VIPs Buzz Aldrin, Ph.D (Apollo 11), Eugene A. Cernan (Apollo 10 & 17), Nancy Conrad (widow of Charles "Pete" Conrad, Jr., Apollo 12), Daniel S. Goldin (former Administrator of NASA), James A. "Jim" Lovell, Jr. (Apollo 8 & 13), Thomas K. "TK" Mattingly, II (Apollo 16), Harrison H. Scmitt (Apollo 17), William M. Shepherd (Commander of Expedition-I, first crew on International Space Station), Bradley S. O'Leary (Chairman of The PM Group and best-selling author), and U.S. Congressman Brad Sherman (CA - 27th District). Mr. Lorsch was also the subject of an article syndicated today written by author, TV journalist and syndicated columnist Diane Dimond.

"It's been one whirlwind week and I cannot help but reflect on some of the events in my life as I prepare for another whirlwind week in Las Vegas at the Consumer Electronics Show. MMR will make Personal Health Record history at the show, participating in the first demonstration of a PHR that connects to real time wireless monitoring to a Personal Health Record. The implications are significant, as this shows that we can monitor patient care in our PHR over wireless networks, using Bluetooth® and other cellular technologies.

Back in 1982 (actually 30 years ago yesterday), Judge Harold H. Greene struck a blow for the little guy by ordering the breakup of AT&T into a series of Regional Bell Operating Companies. You might remember Pacific Bell, Bell Atlantic, Southern Bell, Mountain Bell and a few others. That allowed companies like Sprint, Frontier, Verizon and MCI to emerge.

The idea behind this breakup was to "standardize" the delivery of telecommunications and other services of tomorrow, which carriers are providing today. Unfortunately, it didn't work and, as we saw by the government's shut down of the merger with AT&T and T-Mobile, AT&T is still the monopoly it was then, today.

Six years ago, I saw history begin to repeat itself in healthcare. In the last two years of the Bush administration and then the Obama healthcare plan, I realized that healthcare was going digital, the government again wanted standardization, and this time I saw an opportunity to be a part of it.

Everyone was talking about how to standardize electronic medical records, while the industry was building their own proprietary systems; hence no standardization just like after the break-up of AT&T.

Kaiser was on its way to spending more than five billion dollars on an electronic medical records and personal health records system, while hospitals everywhere were spending hundreds of millions to start. I did not believe the possibility that these organizations would throw their investments into a common pot to embrace standardization.

So I embarked on a search for the one "standard" in a medical facility in 2005 and still today -- which seems to be the fax machine. I believed that if medical records were to move in a digital world, they would move by fax and digital fax, since fax was the only transmission vehicle in every medical office anywhere in the world. And as a result, with a reported 25% adoption of EMR systems in the United States, fax and digital fax over the Internet remains a preferred way of transmitting medical records as new healthcare standards and regulations are implemented.

I visualized floor to ceiling shelves packed with files containing foot-thick medical records on paper. I saw how my own doctors had rented extra offices just to store their records. I saw a future where all medical records had to get somewhere to be part of an EMR or a PHR. Knowing that many doctors do not like email and that most people still are not sophisticated at scanning, I saw a future for the next 10 to 20 years where fax would be the closest healthcare gets to standardization. This led to my basic idea around what today has become MMR's Method and System claims for faxing medical records into an online personal health record account. And looking back nearly six years, it appears I was right.

A less known fact is that I am also an inventor who has had many major patents in my name, like the blockbuster swipe activation patent for activating prepaid cards at retail, under U.S. patent application Ser. No. 08/410,857, filed Mar. 27, 1995. So I began the process of filing patents covering the delivery of medical records to online personal health records accounts, as well as the related features and benefits that such a product and service could offer a consumer and their family.

This past week, MMR has received three Notices of Allowance from the U.S. Patent and Trademark Office for numerous claims that include everything from faxing into personal health records, which also includes Internet-faxing, calendaring applications for doctors' appointments, prescription reminders, and access to medical records in an emergency room setting in emergencies, and many more. Many of these claims are already included in patents globally, with many more claims still under review here and abroad.

When I started in telecommunications, I met a man who became somewhat of a mentor named Ron Katz. He amassed a patent portfolio around the simple process of pushing a number on a touch tone phone, which, nearly 25 years ago, was and today still is, a tool that is found in nearly every home and office in the world. And as a result of Ron's thinking, he is one of the more successful people I know today.

As I head off to the Consumer Electronics Show in Las Vegas, I can only say what a great way this has been to start the New Year, and what a great country this is for the little guy."

SOURCE: MMRGlobal, Inc.
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Posted 24 January 2012 - 09:18 AM

Mobile Phone and Table Apps are coming to MyMedicalRecords.

Jan. 23, 2012, 8:35 a.m. EST

MyMedicalRecords to Introduce Mobile Phone and Tablet App at HIMSS

LOS ANGELES, CA, Jan 23, 2012 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc. MMRF, a leading provider of Personal Health Records ("PHR"), MyEsafeDepositBox storage solutions and electronic document management and imaging systems for healthcare professionals, today announced that it will debut its MyMedicalRecords Personal Health Record and Emergency View portals as custom mobile and tablet apps for Android devices at the upcoming HIMSS Conference & Exhibition in Las Vegas, February 20-24, in booth 2062. The announcement comes just after the Company introduced its telemedicine portal this month with Alcatel-Lucent's ng Connect at the Consumer Electronics Show.

MMRGlobal's launch of the Android Personal Health Record applications marks a major step forward in the Company's planned launch of its Web-based products and services on Verizon devices connected through Verizon's Visual Voice Mail System, or an MMR Lifeline telephone number. The Company has already moved a significant portion of its Lifeline telecommunications network to Verizon where it currently is hosting more than 48,000 Lifelines.

The mobile app will feature the patented MyMedicalRecords Personal Health Record in an intuitive, mobile-ready configuration along with icons to access MMR's patented Emergency View. Using Verizon's Visual Voice Mail, a user can use their cell phone number interchangeably with their MyMedicalRecords Lifeline number, making the Android app a comprehensive emergency health information network for the entire family.

In addition to receiving health information and other important documents by upload, fax or voice, the mobile app will enable the user to utilize their camera-equipped smartphone to take snapshots of images for seamless upload directly into the their MyMedicalRecords PHR account. The app will also enable the recording of video messages for communication of the patient's health information, prescriptions, contraindications and more in the event of an emergency where the user cannot communicate with emergency personnel. Each MyMedicalRecords account also includes four password-protected "MyEsafeDepositBox" folders so that users can securely store uploaded receipts, insurance documents, wills, advance directives, financial records, tax returns and copies of other important documents such as a driver's license or passport directly into the application at no additional charge. The new mobile app will be followed by apps for the iPhone and iPad.

The app will also have a voice signature login capability in addition to traditional touch screen interface. Also included in the app will be calendar and Rx reminder capability similar to those already in a MyMedicalRecords account. A "My Insurance" folder is being designed to speed up the admitting process in an emergency. All the features of the MyMedicalRecords Personal Health Record will be designed into the app, including direct faxing with its own dedicated fax number, or in the case of Verizon, linked to Verizon Visual Voice Mail. Also in development, along with the new Android app, is global search of an entire user's account, including the contents of encrypted PDF files. An "Emergency Contacts" section features a list of phone numbers for emergency contacts. The App will also be designed to easily link to Internet research sites such as WebMD, iTriage, and the like. The Company believes that the combination of features and benefits combined with the telemedicine portal will make the MyMedicalRecords Personal Health Record the most advanced, fully-functional PHR in the market today.

About MMRGlobal, Inc.

MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), 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.

Forward-Looking Statements

Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and 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." MMRGlobal, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties related to changes in MMRGlobal, Inc.'s business prospects, results of operations or financial condition, new product introductions and applications, government regulation, and such other risks and uncertainties as detailed from time to time in MMRGlobal, Inc.'s public filings with the U.S. Securities and Exchange Commission.

SOURCE: MMRGlobal, Inc.

Copyright 2012 Marketwire, Inc., All rights reserved.
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#6 User is offline   MedicalMary 

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Posted 25 January 2012 - 09:26 AM

More news from MMRGlobal:

Jan. 25, 2012, 8:35 a.m. EST

Healthcare Analyst Values MMRGlobal Patents at $300-800 Million

LOS ANGELES, CA, Jan 25, 2012 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc. ("MMR"), a leading provider of Personal Health Records ("PHR"), MyEsafeDepositBox storage solutions and electronic document management and imaging systems for healthcare professionals, today announced that The MichaelBassGroup ("MBG"), a leading investment banking and strategic advisory services firm, issued a special report January 20, 2012 citing the global market for Personal Health Records at $19 billion, and focusing on the patents issued, pending and owned by MyMedicalRecords, Inc., the Company's wholly owned-subsidiary, in connection with a METHOD AND SYSTEM FOR PROVIDING ONLINE MEDICAL RECORDS, and a METHOD AND SYSTEM FOR PROVIDING ONLINE RECORDS. In their report, MBG valued these patents at a minimum of $300 million to as much as $800 million. The patents cover numerous claims involving the provision of Personal Health Records and other health information and document management systems and technologies. The patents (amongst other things) address the management of paper and other information contained in a Personal Health Record and deal with the fact that while doctors are migrating to Electronic Medical Records, they still receive an average of 1033 faxes per month of patient information.

According to the report, several movements are behind the growing popularity of PHRs, including social networking and the Health 2.0 movement. PHRs are also a tool for patient self-management on the Web. Many consumers have PHRs through their employers, health insurers, health providers or through independent vendors. One estimate indicates that 70 million people in the United States have access to a PHR.

The Company has already entered into a non-exclusive license agreement for $30 million with Surgery Center Management, LLC ("SCM"), $5 million of which became due on December 23, 2011. SCM purchased a cashier's check payable to MyMedicalRecords, Inc. as proof of funds, a copy of which has been given to the Company (see image). MMR has made demand on SCM to turn over the check and expects to bring a resolution to this matter through SCM Legal Counsel soon. Separately, the Company has also entered into a patent license agreement in Australia and other joint venture marketing and strategic partnership agreements in China.

The valuation was based on industry accepted patent evaluation methods, PatentValuePredictor.com, which was developed by Richard A. Neifeld and Dr. Martin Goffman. Dr. Neifeld holds a JD degree from George Washington University and a Ph.D. in Physics from Rutgers University and is the former chair of the Interference Committee of the American Intellectual Property Lawyers Association. Dr. Martin Goffman holds a Ph.D. in Chemistry from Temple University and is the principal of Martin Goffman Associates. Patent Value Predictor reports are based on patented macroeconomic models for automatically valuing patents. The reports are backed by patent and financial databases, which record the proprietary statistics used to predict the potential market size, and a patent's predicted share of this market. Many factors, such as the number of patents in the technology area, profit margins, and the GDP, figure into the statistically predicted valuation. The report specifically excludes the Company's biotech assets from the valuation.

The MBG Report concluded by stating: "Based on our analysis, the range of value for these patents could reach $300 to $800 million in revenue based on very conservative estimates that the market will reach the full GDP value of $19 billion."

About MMRGlobal, Inc.

MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), 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.

About The MichaelBass Group

The MichaelBass Group (MBG) is an investment banking and strategic advisory services firm focused on healthcare information technology, healthcare IT services, healthcare mobility providers, medical technology and devices. MBG has been retained by the Company for investment banking services, valuations and M&A transactions. MBG Venture advisors work diligently with each client to ensure measurable results. Our team of research analysts conducts in depth analysis of the leading companies, trends, and helps our clients to identify transaction opportunities. The MichaelBass Group tracks and conducts research on over 400 emerging growth companies in the healthcare information technology sector. Our deep roots in healthcare include working with many public and private companies as well as industry associations and academic institutions. By combining technical expertise with invaluable industry insight in healthcare, The MichaelBass Group provides superior advisory services to every client engagement.

Forward-Looking Statements

Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and 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." MMRGlobal, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties related to MMRGlobal, Inc.'s business prospects; results of operations or financial condition; valuation, guidance and projections provided by The MichaelBass Group; ability to establish and maintain beneficial relationships and strategic alliances; maintaining, developing and defending our intellectual property rights including those pertaining to our biotechnology assets; marketing and exploitation of our patent portfolio; uncertainties associated with doing business internationally across borders and territories; government laws and regulations and future changes in tax legislation and initiatives in the healthcare industry; and such other risks and uncertainties as detailed from time to time in MMRGlobal, Inc.'s public filings with the U.S. Securities and Exchange Commission.

SOURCE: MMRGlobal, Inc.
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Posted 15 February 2012 - 10:17 AM

MMRGlobal gains Spalding Surgical Center as a new client for MMRPro.

Feb. 15, 2012, 8:35 a.m. EST

Spalding Surgical Center Going Paperless With MMRPro


LOS ANGELES, CA, Feb 15, 2012 (MARKETWIRE via COMTEX) -- MMRGlobal, Inc., a leading provider of Personal Health Records (PHRs) and electronic document management and imaging systems for healthcare professionals, today announced that Spalding Surgical Center of Beverly Hills, a leading Southern California outpatient general surgery center, is achieving its goal of becoming paperless using MMRPro. The Company's document management and imaging system is designed for hospitals, doctors' offices and other healthcare facilities to reduce costs, improve efficiency and make it easier for physicians and patients to track results and wellness progress electronically.

"MMRPro is proving that the rising costs of healthcare can be mitigated through the use of health IT without changing the ways that doctors do business," said Robert H. Lorsch, Chairman and CEO of MMRGlobal. "With digitization here and the days of pen and paper numbered, MMRPro gives doctors the ability to convert to computerized records without significantly changing the look and feel of the way the practice runs."

John R. Seitz, Co-founder, Chairman & CEO of Ambulatory Surgical Group, said, "Using MMRPro has significantly improved the workings of Spalding's office and staff. We are able to process information much faster than before, and we are using the system to scan an average of 1,200 pages daily, which effortlessly stores patient records online, saving time and money."

Spalding Surgical Center of Beverly Hills has also chosen MMRPro to manage their standard form database, increasing employee productivity and allowing the staff to shift their focus to patient care and not endless copying and printing. "MMRPro has given Spalding Surgical Center of Beverly Hills the confidence to convert to a completely paperless office very shortly," Seitz continued.

MMR will be at the HIMSS Conference and Exhibition in Las Vegas next week, February 20-24, to showcase its suite of health IT products including demonstrating how the MMRPro system can transition doctors, hospitals and other healthcare professionals to a paperless office as it is doing with Spalding Surgical Center of Beverly Hills with or without a full-featured EMR. HIMSS will also be MMR's Phase 2 launch of its MMR Stimulus Program, which enables hospitals using selected EMR systems to integrate the MMRPatientView patient portal as a standalone module and still participate in the MMR Stimulus Program, which can generate hundreds of thousands of dollars each year as patients upgrade to a full-featured MyMedicalRecords PHR.

About MMRGlobal, Inc.

MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), 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.

Forward-Looking Statements

Statements in this press release that are not strictly historical in nature, whether or not such statement relates directly to 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," "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, the risk the Company's products are not adopted or viewed favorably by the healthcare community; 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; programs and initiatives including the MMR Stimulus Program; 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; 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.

SOURCE: MMRGlobal, Inc.

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