Dallas, Texas (July 6 , 2011) – StockGuru shines its Spotlight on MMRGlobal, Inc. (OTCBB: MMRF) that announced on July 5, 2011, that PCS International, Inc., a Texas-based reseller of cellular and related wireless products and services, has entered into a distribution agreement with MMRGlobal to sell MMRPro, the Company’s document management and imaging system, to healthcare professionals, small hospitals, clinics, surgery centers, law firms and accountants. PCS will also offer the MyMedicalRecords Personal Health Record (www.mmrvideos.com) direct to consumers in 11 retail locations as an upgrade to other wireless offerings, including Smartphones and Tablet PCs. The Company closed on July 5, 2011, at $0.045 trading on volume of roughly 269,000 shares.
PCS has provided services to more than 120,000 customer accounts and will begin direct sales of MMRPro to selected clients immediately. PCS has 14 key account sales executives that are exclusively focused on business-to-business sales in addition to 11 retail locations with more than 50 sales representatives.
The non-exclusive agreement calls for the immediate purchase of $415,000 in MMRPro systems plus additional revenue through physician deployment of the MMRPro Stimulus Program and through the offering of the MyMedicalRecords Personal Health Record at retail. MMR began delivery of MMRPro systems during the second quarter, with the remaining portion to be shipped after the Company receives the MMRPro 550MDP which utilizes the newly released Kodak Scan Station 550.
Robert H. Lorsch, MMRGlobal Chairman and CEO, said, “We congratulate PCS for having the vision to be the first wireless distributor to sell healthcare to business and direct to consumers. This makes PCS the first to offer MMRPro and our MyMedicalRecords Personal Health Record through the wireless channel. MMR’s management has a great deal of experience in selling services at retail in office superstores, mass merchandisers and the postal service. These services include both the Shachihata Xstamper and the largest prepaid calling card now operated by AT&T. We have the knowledge, infrastructure and manufacturer’s rep organization to become a leading provider of personal health records sold at retail. What we learn from PCS will be used in launching an expanded retail sales program, which we plan on introducing at the Consumer Electronics Show in Las Vegas in January 2012. Our program with PCS is an opportunity for us to beta test what we see as representing the future of healthcare at retail.”
According to Muzaffar Vohra, President of PCS International, “After careful review of the products and services offered by MMR, we decided to enter into this agreement. We believe this represents a unique opportunity and we intend to leverage our resources to make it a success for both parties. We are also planning to encourage smaller retailers to offer the Personal Health Record products under our agreement.”
MMRPro (www.mmrprovideos.com) is a document management and imaging system originally designed as a first step in transitioning healthcare professionals to Electronic Medical Records (EMR). MMRPro helps physicians’ lawyers and accountants securely and cost-effectively convert paper-based records into digital, easily managed and accessible files. The system also includes the MMRPro Stimulus Program for healthcare professionals which can generate many times more revenue for physicians than government stimulus programs without the requirement to accept Medicare and other government programs (http://www.youtube.com/watch?v=oZ-SZcGvNjw).
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. To learn more about MMR Global, Inc. and its products, visit www.mmrglobal.com.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature, including 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 and consumer retail market; risks related to the current uncertainty and instability in financial and lending markets, including global economic uncertainties; outcomes and results of its agreement with PCS International; 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; 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; 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 and defending our intellectual property rights including those pertaining to our biotechnology assets; risks associated with recruitment and retention of key personnel; 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. Additionally, we are a developing early-stage company and many variables can affect revenues and/or projections, including factors out of our control. 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.
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