LOS ANGELES, CA -- (Marketwire) -- 10/25/12 -- MMRGlobal, Inc. (OTCBB: MMRF) ("MMR") today announced that it is already in the process of delivering the second group of 25 MMRPro systems pursuant to an agreement with a reseller of medical products and services to healthcare professionals as announced by the Company on October 1, 2012. The contract calls for an initial 75 units, of which the first 50 will have been delivered by the end of this quarter and the remaining 25 in the first quarter of 2013. Starting in the second quarter of next year, the agreement calls for the reseller to purchase or license a guaranteed minimum of 100 additional MMRPro systems per quarter over the life of the three-year contract, which represents a minimum of $5 million to $16.8 million in revenues in addition to $1,050,000 for the first 75 units. MMR plans on issuing a joint press release as early as next week with additional details announced leading up to the Consumer Electronics Show in Las Vegas January 8-11 and a planned press conference at HIMSS 2013 in New Orleans in March.
According to Robert H. Lorsch, MMRGlobal CEO, "We are pleased that the Company is delivering the first two portions of this order. This, along with the positive press we are getting on our patent portfolio, should give us a strong finish going into the end of the year, with two months of selling to go and a little more than a year before the federal government's Meaningful Use Stage 2 regulations go into effect requiring that patients be given online access to their personal health information."
MMRGlobal is a leading provider of Personal Health Records through its MyMedicalRecords.com PHR, MyEsafeDepositBox storage solutions, and MMRPro document management and imaging systems for healthcare professionals that enable providers to efficiently digitize their medical records. MMRPro also addresses patients' need to securely access their medical records online through an integrated patient portal while providing physicians and group practices, surgery centers and small hospitals that rely on using transactions-based processes and forms, including patient billing, prescription data, and medical charts, a cost-effective and easy-to-use system that responds to the document imaging and management needs of their operations. 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 month (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.
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