Contact Information: CONTACT: Bobbie Volman MyMedicalRecords, Inc. (310) 476-7002, Ext. 2005 bvolman@mmrmail.com
MMR Information Systems Shows Near Double Year-Over-Year Growth
| Source: MMR Information Systems, Inc.
LOS ANGELES, CA--(Marketwire - July 23, 2009) - MMR Information Systems, Inc. (OTCBB : MMRF )
(the "Company"), which through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR") provides consumer-controlled Personal Health
Records ("PHRs") (www.mymedicalrecords.com) and electronic safe deposit box
storage solutions (www.myesafedepositbox.com), announced that its estimated
revenue for the quarter ended June 30, 2009 showed an 80% increase over the
same period in 2008. Additionally, estimated revenue for the six month
period ended June 30, 2009 reflected an increase of 82% from the comparable
period in 2008.
"The Company believes its growth in revenue comes from corporate and
affinity accounts that launched programs in 2008 as well as continued
growth in programs that were beta tested starting in 2007," said Robert H.
Lorsch, Chairman and Chief Executive Officer of MMR Information Systems,
Inc. "We are now seeing results of a tremendous amount of hard work from
selling into and educating the consumer and professional marketplaces that
having a PHR will someday be as important and widespread as having a credit
report."
"Of course, it helps to be in the right place at the right time. The need
for consumers to become active participants in their healthcare and the
central role personal health records play in facilitating success is being
fueled by the Obama Administration's commitment to fund health information
technology," Lorsch added.
This quarter the Company will expand its product line with the planned
launch of MyMedicalRecords Pro ("MMR Pro") www.mymedicalrecordsmd.com.
Developed as a cost-effective solution for small to mid-size physician
practices to digitize paper records with minimum interruption to workflow,
MMR Pro incorporates a PHR for patients. This enables doctors to give their
patients access to personal health information with the doctor in real time
and share it when and where needed to improve care and reduce costs.
The announcement comes after President Obama's press conference last night
on healthcare reform where, at one point referring to the costs that are
"gobbling up wages and income," he stated that we need changes and one of
these is to make information technology more effective. The Company
believes it offers the most cost-effective and easy-to-use products for
achieving this in a meaningful way.
About MMR Information Systems, Inc.
MMR Information Systems, 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, unions and professional organizations.
MyMedicalRecords enables individuals and their families to have greater
control over their health and well-being by facilitating access to their
medical records and other important documents -- such as birth
certificates, passports, insurance policies and wills -- anytime from
anywhere using the Internet.
The MyMedicalRecords PHR service, accessed through
www.mymedicalrecords.com, allows documents, images and voicemail messages
to be transmitted and stored in the MyMedicalRecords PHR system using a
variety of methods, including fax, phone, or file upload without relying on
any specific electronic medical record platform.
The proprietary MyEsafeDepositBox service, available at
www.myesafedepositbox.com, provides secure online storage for vital
financial, legal and insurance documents in addition to medical records,
and serves as a powerful emergency-preparedness tool for industry,
individuals and municipalities.
Information about the MyMedicalRecords Pro service, designed to give
physicians' offices an easy and cost-effective solution to digitizing
paper-based medical records, is available at www.mymedicalrecordsmd.com.
To learn more about MMR Information Systems, Inc., visit
www.mmrinformationsystems.com.
Statements in this press release that are not strictly historical in nature
constitute "forward-looking statements." Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may
cause MMR Information Systems' actual results to be materially different
from any results expressed or implied by such forward-looking statements. A
description of the risks and uncertainties attendant to MMR Information
Systems and the healthcare, Internet and information technology industries
and other factors that could affect MMR Information Systems' financial
results are discussed in the Company's filings with the Securities and
Exchange Commission. All forward-looking statements are qualified in their
entirety by this cautionary statement. All subsequent written and oral
forward-looking statements attributable to the Company (or any person
acting on the Company's behalf) are qualified by the cautionary statements
in this notice. MMR Information Systems 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.