Open EC Technologies, Inc.
TSX VENTURE : OCE

Open EC Technologies, Inc.

November 06, 2009 09:00 ET

Open EC Technologies, Inc. Signs Teaming Agreement With AxSys Healthcare

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) is pleased to report the signing of a Teaming Agreement with AxSys Healthcare Corporation ("AxSys") for its subsidiary, SoftCare EC Solution Inc. ("SoftCare") www.softcare.com.

The Teaming Agreement enables SoftCare to deliver the AxSys Excelicare Software as a Service (SAAS) solution for SoftCare's specific business development opportunities underway in the US Healthcare market. The agreement provides for SoftCare as prime contractor to license and share in recurring revenue from SoftCare initiated projects for its solutions in Healthcare Provider Portals, Electronic Health Records (EHR) Interoperability and Healthcare Electronic Data Interchange (EDI) Solutions.

Going forward, SoftCare will supply its TradeLink e-Business Software integrated to the AxSys Excelicare Solutions to comply with the mandated inter-operability requirements from the US Federal Government's Healthcare IT reforms for EHR, Eligibility, Claims and Payments.

"We are excited about working with AxSys on our US Healthcare business development initiatives" states Martyn Armstrong, CEO of Open EC Technologies, "AxSys is a leader in their market segment, a very capable business development partner with an excellent track record. We look forward to the ongoing business development growth with this strategic relationship."

Quoting Paul Ryder, Director of North American Business Development AxSys Health Corporation, "The SoftCare relationship brings AxSys to the forefront of some exciting US Healthcare business development projects. Together SoftCare and AxSys are well positioned to take a share of the North American EHR and Healthcare Interoperability software market. We are committed to providing our customers the leading collaborative healthcare solutions they are looking for through this strategic relationship with SoftCare."

About AxSys Health Corporation North America (www.axsyshealth.com)
AxSys Health Corp. is the North American division of AxSys Technology Ltd. (UK) www.axsys.co.uk which was founded by physicians in 1997. Its vision is to develop innovative clinical solutions using advanced information and communication technologies to help improve healthcare delivery in a collaborative care environment. Since its incorporation, AxSys has concentrated development on a core software architecture, which is used as the basis for providing wide-ranging, patient-centered solutions to the global healthcare market. With the shift from a hospital based expert centric and in-patient delivery model to a patient centric multi-disciplinary ambulatory delivery model, AxSys recognized that conventional EHR technology had to evolve to address the emerging requirements of this distributed and collaborative care model of healthcare delivery. The main AxSys product, Excelicare, incorporates a host of interoperability capabilities together with a semantic mapping and clinical process modeling framework. This enables the Excelicare Platform to exchange data with disparate data sources and harvest clinically meaningful information from this data in order to orchestrate efficient care delivery across a community. Excelicare's unique, dynamic data-model based architecture allows AxSys to offer highly tailored solutions that reflect the complex working patterns of care providers across the healthcare spectrum, thereby leading to greater engagement with end users. Excelicare is an enterprise wide solution that addresses all aspects of clinical care management. More information on AxSys Health Corp. is available at www.axsyshealth.com and www.axsys.co.uk.

About Open EC Technologies Inc.
Open EC is a TSX Venture Exchange listed company. Its subsidiary, SoftCare EC Solutions Inc. is an e-business software, services and solution provider. SoftCare's OpenEC(R) e-business software includes solutions for Electronic Data Interchange (EDI), Healthcare Interoperability and Business Process Management. The Company sells the OpenEC(R) products and solutions to the healthcare, financial services and retail supply chain in North America. The company has a growing focus on turnkey solutions for US Healthcare Information Technology Reforms funded by the US Federal Government ARRA programs for Healthcare IT Interoperable mandates. Additional product and solution information is available on the web at www.softcare.com and additional public company information is available on the web at www.openec.com. The Company's common shares trade on the TSX Venture Exchange under the symbol: OCE.

ON BEHALF OF THE BOARD

"Martyn A. Armstrong"

Martyn A. Armstrong
President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or by contacting Mr. Martyn A. Armstrong, President & CEO of the Company.

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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