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MMRGlobal Inks Royalty-Based License Agreement With Electronic Health Record Provider Healthcare Holdings Group and PHR Competitor Access My Records

Dec 18 2012 12:00AM

Marketwire

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LOS ANGELES, CA -- (Marketwire) -- 12/18/12 -- MMRGlobal, Inc. (OTCQB: MMRF) today announced it has filed a Form 8-K regarding the signing of another royalty-based licensing agreement. On December 17, 2012, MyMedicalRecords, Inc. ("MMR") signed a Non-Exclusive Patent License Agreement with Healthcare Holdings Group, Inc. ("HCH"), the parent of Access My Records, Inc., to license the U.S. rights for the health IT patents owned by MyMedicalRecords, Inc. These include but are not limited to U.S. Patent Numbers 8,321,240; 8,301,466; 8,117,045; 8,117,646; and 8,121,855, as well as any other health IT patents to be issued pursuant to pending applications filed by MyMedicalRecords in the United States and all divisions, continuations, reissues, and extensions (the "MMR Patents"). The initial term of the Agreement is five years and automatically renews to the expiration date of the last licensed patent to expire, which currently in the U.S. is twenty years from the date of filing. MMRGlobal is a leading provider of Personal Health Records (PHRs) including its MyMedicalRecords.com PHR and MMRPro document management and imaging systems for healthcare professionals.

According to Robert H. Lorsch, MMRGlobal Chairman and CEO, "We are pleased that we have been able to announce royalty-based license agreements with EHR vendors, surgery centers, and now a PHR vendor, in addition to entering into relationships with retailers and others as a direct result of the Company's patented IP in our products and services. As a result of recently issued patents and Notices of Allowance, we are continuing to discuss other licensing relationships with hospitals, physician groups, retail pharmacies, patient monitoring and telemedicine service providers and laboratories, as well as other software and equipment vendors in the healthcare and wellness markets."

Healthcare Holdings Group, Inc. is a comprehensive Electronic Health Record systems provider. HCH's solutions are designed for General Practice and Chiropractic disciplines. The company's software systems include ChartZoneMD, an EHR cloud-based software solution, and SmartFormsMD, a Voice Recognition Medical Dictionary module. HCH, through its wholly-owned operating subsidiary, Access My Records, Inc., provides the AccessMyRecords.com Personal Health Record and a free-standing Patient Portal designed to seamlessly connect to any EHR system.

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