LOS ANGELES, CA, Feb 17, 2012 (MARKETWIRE via COMTEX) — MMRGlobal, Inc. MMRF 0.00% (“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 Company and VisiInc PLC in Australia signed an agreement to license MMR’s Australian patents for “Method and System for Providing Online Medical Records” for use in MMR and Visi(TM) consumer and professional health IT products and services, including the MyMedicalRecords Personal Health Record. The Agreement calls for minimum performance royalty guarantees of nearly one million dollars. The Agreement also calls for VisiInc to start selling the services in Australia starting June 1, 2012. In addition, the Agreement contains an understanding allowing the companies to utilize each other’s consumer and professional products and services. VisiInc is also seeking rights to sell MMR products in additional territories such as in Eastern Europe where VisiInc already does business.
Jacques Blandin, Founder and CEO of VisiInc, has been in Los Angeles for meetings with MMRGlobal this week prior to traveling to Las Vegas to participate with MMR at the HIMSS Conference and Exhibition, February 20-24, and will also appear at MMRGlobal’s booth #2062. Although no other agreements have been announced, Yefim Schukin, a principal of VisiInc Russia, is also traveling to the United States to attend meetings with MMR where the companies will discuss the launch of its products and services in Russia. Yefim Schukin will also attend HIMSS with Jacques Blandin.
VisiInc will use its Vistime system for distributing MMR’s Personal Health Records and professional document management systems. The high speed service offers near real-time high resolution document imaging, scanning, storage and sharing health record system for paper and large-sized radiological scans and files. The system will also allow real-time collaboration of medical records and images regardless of a participant’s location and connectivity (including dial-up) anywhere in the world.
Personal Health Records are a priority for the Australian government and a significant part of Australia’s eHealth technology market, which will serve a population of 22 million and is currently projected to be USD $2.6 billion in 2012. MMR’s Australian patent portfolio can give VisiInc a significant competitive advantage in the market by controlling intellectual property rights that are primary to providing PHRs in line with government initiatives. The Medical Software Industry Association in Australia detailed an alternative rollout schedule to the government’s Personally Controlled Electronic Health Record (PCEHR) that calls for PDFs currently used by clinicians and shared by email or fax to be a solution in electronic online form until at least July 2013 because standardization is not going to occur before at least then. MMR’s proprietary health IT solutions align with this strategy.
While in Los Angeles, Blandin also appeared with MMR Executive Vice President Richard M. Lagani on MoneyTV during which he spoke with host Don Baillargeon about the extensive opportunities in Australia for the MyMedicalRecords Personal Health Record and MMRPro for healthcare professionals for the eHealth technology market there (video available at www.moneytv.net ). MoneyTV debuted in 1996 and is broadcast internationally in more than 180 million TV households in over 75 countries.
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(R)/Specifid(TM) vaccine clinical trials for the treatment of B-Cell Non-Hodgkin’s lymphoma. To learn more about MMRGlobal, Inc. and its products, visit www.mmrglobal.com .
About VisiInc PLC Through its evolutionary Visi(TM) platform, VisiInc operates Vistime. Vistime is rapidly capturing global market share of major verticals such as Healthcare, Government, Engineering and Architecture, Mining, Oil & Gas, Exploration, Energy, Education, Advertising & Media and online Video Conferencing. Visi, the next evolution in visual communication, is capable of delivering solutions in both the physical and virtual environment in 3D. Vistime has been designed to integrate with the existing product offerings of the world’s leading web collaboration and enterprise content management systems, enabling vendors to immediately expand their product capabilities and service offerings through Integrated Product Offerings, White Label and Private Label Offerings and OEM opportunities. Through its unprecedented rapid visual rendering capabilities, the Vistime system ( www.vistime.com ) allows all end users to simultaneously view, manipulate, and explore multi-dimensional data visualizations of any file type and of any size, in real-time without any resolution degradation. The system eliminates the lag time barrier that exists with other viewers. As a result, Vistime is the first in the world to enable real-time collaboration of complex, data-rich visual files and 3D media. For more information, visit www.visiinc.com .
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; 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; litigation; 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.