LOS ANGELES, CA -- (Marketwire) -- 10/01/12 -- MMRGlobal, Inc. (OTCBB: MMRF) ("MMR"), a leading provider of Web-based Personal Health Records (PHRs) and MyEsafeDepositBox storage solutions including its patented MyMedicalRecords PHR, today announced the signing of a contract to sell 75 MMRPro systems to a large reseller of medical products and services to healthcare professionals, of which the first 25 have been delivered. MMRPro (www.mmrprovideos.com) is a professional electronic document management and imaging system sold to small group medical practices, urgent care facilities, ambulatory surgical centers and hospitals. The remaining balance of 50 units will be delivered starting this quarter. The initial 75 units are projected to generate more than one million dollars in revenue to MMR, representing the first part of a multi-year contract, which calls for quarterly minimum purchases of MMRPro systems over the next 40 months. Additional terms of the contract will be announced in a series of joint press releases starting later this month and leading up to the Consumer Electronics Show January 8-11 in Las Vegas, with a planned press conference in March at HIMSS 2013 in New Orleans (www.himssconference.org).
MMRPro is a cost-effective solution that enables healthcare professionals to scan and digitize medical records and provide patients timely online access to their personal health information. All of MMRGlobal's products and services, including MyMedicalRecords.com, MyEsafeDepositBox.com, MMRPatientView and MMRPro, utilize a series of patented technologies owned by the Company, the latest of which was announced last week (click here to view the press release). Using the MMRPro system, healthcare professionals can move away from paper and begin the path to more streamlined and efficient operations in advance of delivering PHRs through patient portals and paving the way for the implementation of fully-functional EMRs.
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.
Statements in this press release that are not strictly historical in nature, including statements about 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," "project," "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 our products and services are not adopted or viewed favorably by the healthcare community and retail market, 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; scheduling; 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 both in the U.S. and internationally; 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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