Contact Information: CONTACT: Bobbie Volman MMR Information Systems, Inc. (310) 476-7002, Ext. 2005 bvolman@mmrmail.com
MMR Information Systems Shows Continued Growth From Sales of Personal Health Record and Online Storage Products
| Source: MMR Information Systems, Inc.
LOS ANGELES, CA--(Marketwire - October 12, 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), today announced that its
unaudited revenue for the nine month period ended September 30, 2009
reflected an increase of 64% from the comparable period in 2008. Further
unaudited year-to-date revenues for the nine months ended September 30,
2009 totaled $537,613 compared to $328,306 for the nine months ended
September 30, 2008. Revenues for the quarter ended September 30, 2009
increased 36% to $221,239 from $162,098 for the second quarter, 2009. The
Company also disclosed that at the end of the third quarter it had cash and
credit availability of approximately $2 million.
"The Company's growth in revenue comes from continued execution of the its
business plan in the affinity and direct to consumer markets," said Robert
H. Lorsch, Chairman and Chief Executive Officer of MMR Information Systems,
Inc. "It does not include any results from MMRPro, which is currently being
introduced in Beta and is anticipated to be released commercially in the
first quarter of 2010."
"Given all of the current uncertainty surrounding the debate over health
reform and what kind of insurance and treatments will ultimately be
available to health consumers, it is more important than ever that people
take greater control and are able to make informed decisions about their
healthcare. MMR provides a secure, easy-to-use solution for consumers and
their doctors to store and access medical records and personal health
information, as well as other important documents such as insurance
policies, and share them in a timely way to prevent costly medical errors
and avoid unnecessary repeat tests," Lorsch added.
Consumers are becoming more aware of the importance of having a Personal
Health Record as individuals and families are increasingly confronted by
larger deductibles, increased premiums and greater out-of-pocket costs.
PHRs and computerized medical records promote transparency and enable
timely access to medical information that creates efficiencies in the
healthcare system to contain costs and improve care.
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 and affinity
groups. MyMedicalRecords 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. The MyMedicalRecords Personal Health Record is built on
proprietary, patent-pending 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 newest 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. MMR is an
Independent Software Vendor Partner with Kodak to deliver an integrated
turnkey EMR solution for small to mid-size physician practices. MMR clients
include
AFL-CIO, Alexian Brothers Hospital Network, Coverdell, LegalZoom, The
Latino Coalition, MedicAlert, Midwest Research Institute, NRA, Qvisory, XN
Financial and others. MMR is also an integrated service provider on Google
Health. To learn more about MMR Information Systems, Inc. visit
www.mmrinformationsystems.com.
Forward-Looking Statements
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.