SOURCE: MMRGlobal, Inc.

MMRGlobal, Inc.

July 12, 2010 07:35 ET

MMRGlobal Enters Into Financing Agreement to Speed Deployment of MMRPro to Customers

LOS ANGELES, CA--(Marketwire - July 12, 2010) -  MMRGlobal, Inc. (OTCBB: MMRF) (www.mymedicalrecords.com) today announced it has entered into an agreement with Benchmark Financial Groups to help fund the Company's deployment of MMRPro, including the specially configured Kodak 520MDPro scanner designed exclusively for distribution with the MMRPro system. MMRPro is the Company's complete end-to-end electronic document and patient record chart management system designed to provide healthcare professionals with an easy-to-use and cost-effective solution to digitize, store, retrieve and electronically share medical records (www.mmrmdvideos.com).

Robert H. Lorsch, MMRGlobal Chairman and Chief Executive Officer, said, "This credit facility is designed to ensure the Company can maintain sufficient inventories of Kodak 520MDPro scanners and Capture Pro software to support Kodak's domestic and international sales teams, the recently announced sales agreement with National Payment Providers (NPP), and the Company's direct sales efforts without the need to use the Company's existing credit line with The RHL Group or its pending equity line. NPP currently sells billing services to more than 168,000 healthcare clients and will offer MMRPro as part of its services." 

"This program will also provide the resources necessary to expand the Company's training, installation and customer support personnel for MMRPro Services," Lorsch added.

MMRGlobal, Inc. is headquartered in Los Angeles, California. In addition to the MMRPro solution for healthcare professionals, the Company's suite of information technology products includes the MyMedicalRecords Personal Health Record and MyEsafeDepositBox electronic vault. To view demonstrations of the Company's products, visit www.mmrtheatre.com

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, 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, 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. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMRGlobal, Inc. and its products, visit www.mymedicalrecords.com and view the videos at www.mmrtheatre.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 the Company's 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, the risk the Company's products are not adopted or viewed favorably by the healthcare community, risks related to the current uncertainty and instability in financial and lending markets, 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, compliance with and changes in government laws and regulations and future changes and initiatives in the healthcare industry, undetected errors in our products, 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, 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. 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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