LOS ANGELES, CA--(Marketwire - March 8, 2010) - MMR Information Systems, Inc. (
Dear Shareholder:
Later this month, I will give a presentation on MMR Information Systems, Inc. in San Francisco at the 2010 Health Technology Investment Forum. The one-day conference scheduled on March 25th will provide an opportunity for institutional investors and healthcare industry leaders to learn more about the Company and discover the latest trends and investment opportunities in health IT. In 2007, healthcare technology represented 54 percent of all deals in the healthcare industry totaling $172.9 billion. In 2009, healthcare spending reached $2.5 trillion, 17.3 percent of GDP, and is expected to reach 19.3 percent of GDP by the end of the decade. Investors will learn of the latest opportunities and emerging trends in this growth sector.
Now that we are back home from the Healthcare Information and Management Systems Society (HIMSS) Conference & Exhibition, the Company's first agenda item is to generate revenue from MMRPro by delivering and installing the first MMRPro units to physician offices for commercial use this month.
As many of you have contacted the Company with questions about the takeaway from HIMSS10, I am pleased to report that MMRPro was clearly demonstrated as a valuable tool that supports the convergence of paper-based and electronic medical records. We had our largest presence ever at the show and experienced more wide-ranging exposure due to the impact of national healthcare reform and the many more healthcare companies, hospital and physician group administrators, CIOs and CTOs, government representatives, the military, financial analysts, institutional investors and other healthcare professionals that were in attendance.
We started the HIMSS week hosting a pre-show dinner with Kodak. Special guests included MMR Advisory Board members Richard A. Gephardt, Former U.S. Congressman and House Majority Leader, and Asa Hutchinson, former U.S. Congressman and the first Under Secretary of Homeland Security, and MMR Director Hector V. Barreto, former Administrator of the U.S. Small Business Administration and currently Chairman of The Latino Coalition. The dignitaries spoke about their continuing confidence in the Company as well as their thoughts on the healthcare debate in Washington. For more than one hour, CIOs, investors, strategic partners and media asked probing questions on the soaring costs of healthcare and other very important issues of our time. Kodak underscored its support of MMR and the importance of the MMRPro solution.
This year the Company plans on working more closely with its Board Members and Advisors to network our products and services to businesses and other organizations they work with. For example, Hector Barreto is Chairman of the Board of Trustees of AltaMed Health Services Corporation (www.altamed.org), a medical services group serving more than 100,000 families in Southern California's Los Angeles and Orange Counties that amounts to more than 650,000 patient visits annually. AltaMed has already been awarded stimulus grant funds. Mr. Gephardt is a Board Member of Americas Agenda: Health Care for All (www.americasagenda.org), the Ford Motor Company, U.S. Steel and other companies, and Mr. Hutchinson serves on the Board of Directors of Pinkerton Government Services, Inc.
MMRPro was demonstrated to visitors from all over the world attending HIMSS10, with support from Kodak executives and re-sellers who worked with us selling in the booth as part of the Company's hands-on reseller training efforts. The Company also held meetings with other exhibitors at the show regarding potential strategic relationships in support of its domestic and international product development and marketing efforts.
Also appearing with MMR at HIMSS as our guest was Mr. Luo Jianhui, Vice President and Chairman of Unisoft Group, Unis-Tonghe Technology, Ltd., our Joint Venture partner in China. Mr. Jianhui arrives in Los Angeles today for continuing talks with regard to the UNIS MMR Joint Venture.
Gene Barduson, the Company's healthcare industry guru, continued his focus on strategic relationships with EMR vendors during the HIMSS show. Mr. Barduson is well known in the healthcare community, with CEO positions at Alteer Corporation, Apexion Technologies, Inc. and EDiX Corp.
As recently announced, MMR Information Systems is continuing to pursue opportunities presented by the Company's Intellectual Property assets, specifically data from Favrille's (the Company's pre-merger predecessor) vaccine trials for a project that theoretically could be used to predict the outcomes of patients vaccinated with idiotype vaccines. The Company has been advised that this project would seek to determine if it may be possible to predict which lymphoma patients vaccinated with a customized product made from their own tumor cells could conceivably mount a productive immune response against their own tumor. These assets may also have value to other biopharmaceutical companies, academic institutions and other entities.
The Company believes that such a project, if favorable, could have the potential to lead to a re-interpretation of the previous Favrille cancer vaccine trials. MMR is also actively pursuing development of its Anti-CD20 monoclonal antibody, including joint venture opportunities to fund pre-clinical trials.
On behalf of the MMR team, I would like to thank you for your continued interest and support. If you know a doctor that you think might be interested in learning more about MMRPro, I encourage you to invite them to view the MMRPro video and see the benefits our solution can offer in streamlining their practice at www.mymedicalrecordsonline.com/videos.
Robert H. Lorsch
Chairman of the Board and Chief Executive Officer
MMR Information Systems, Inc.
MMR Information Systems, Inc. is the parent of MyMedicalRecords, Inc., a provider of Internet-based consumer-controlled Personal Health Records (www.mymedicalrecords.com), electronic records solutions for physician practices (www.mymedicalrecordsmd.com) and virtual safe deposit box storage applications (www.myesafedepositbox.com) serving the legal and financial services industries.
Forward-Looking Statements
Statements in this press release that are not strictly historical in nature constitute "forward-looking statements." Such statements include, but are not limited to, statements regarding the Company's assets including but not limited to its primary Health IT businesses and data from idiotype vaccine and clinical trials, anti-CD20 antibody assets, or the Company's ability to enter into a successful agreement with academic institutions or any interested party, the outcome of which may not be known for some time. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to changes in MMR Information Systems, Inc.'s relationship with its strategic and joint venture partners, the development and approval of biotechnology product candidates and Health IT products, its business prospects, results of operations or financial condition, and such other risks and uncertainties as detailed from time to time in MMR Information Systems, Inc.'s public filings with the U.S. Securities and Exchange Commission. 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, Inc. 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.
Contact Information:
CONTACT:
Bobbie Volman
MMR Information Systems, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz