SOURCE: MMRGlobal, Inc.

MMRGlobal, Inc.

October 10, 2011 09:05 ET

MMRGlobal on the Move Through the Middle East, China

LOS ANGELES, CA--(Marketwire - Oct 10, 2011) - MMRGlobal, Inc. (OTCBB: MMRF), a leading provider of Personal Health Records, MyEsafeDepositBox storage solutions and electronic document management systems for healthcare professionals, today announced it is expanding its international footprint with Chairman and CEO Robert H. Lorsch accepting an invitation to meet with H.H. the Amir Sheikh Hamad Bin Khalifa Al-Thani of Qatar and visit Qatar Science & Technology Park (QSTP) with the purpose of discussing investment opportunities to introduce MMR's signature, patented Personal Health Record products ( and MMRPro professional solution for physicians and hospitals ( in the Middle East. The invitation came as a result of Lorsch attending a lunch with the Amir in Beverly Hills last April with healthcare executives from Southern California. To facilitate plans to go to Qatar, the Company also recently entered into an agreement with The ICA Group ( to assist in sales and marketing throughout the Middle East and in parts of Russia. The ICA Group was introduced to the Company by Chartis whom it also has represented.

According to a blog posting today from Greg Ellis, a senior healthcare analyst for The MichaelBass Group, "After following MMRGlobal for the last 3 years our research has concluded that OTC: MMRF is one of the most undervalued health care IT plays we've seen in recent years. The definitive agreement announced by the company on September 19th adds the credibility we were looking for to the earlier September 7th announcement of the non-binding term sheet with the same company. From sources in the industry, if MMRGlobal acquires over $150 million in revenue this stock currently trading at $.03 could realistically trade at a valuation of $3.50- $4.00 stock with a market cap in the $800mm to 1.2b range. We base this on comparable valuations in the health care IT sector such as Accretive Health and Merge Healthcare Inc. It is important to note that MMR is the only pure play personal health record company with connectivity to any health care professional, EMR, patented technologies, with an emerging global footprint and very credible strategic partners including AIG/Chartis, Kodak, Unis and others. Considering the most recent industry valuations, health care IT firms are being valued at 4 to 6 times revenue. With the MMR announcement of a definitive agreement with the firm who invested almost half a million dollars in MMRPro, the combined companies will offer health IT proprietary software and revenue cycle management solutions to its own surgery center clients in addition to the PHR solution it offers to the surgery center patients and the mass market. Additionally MMRF has a biotech portfolio that could have a value of at least the 140 million dollars the company invested in it."

In China, the Company's application to form the Unis Tonghe MMR International Health Management Service Co., Ltd. with Joint Venture Partner Unis-Tonghe Technology (Zhengzhou) was recently approved by the Chinese Government. The parties are now in the process of seeking approval of the combined Joint Venture's Articles of Cooperation and other documents, which also must be approved by the Chinese Government. As previously reported, Unis won a bid in June to be part of the provision of ehealth and Electronic Medical Records to 164 County/District of Henan Province, with a population of over 100 million. Unis-Tonghe and MMR are in the process of translating MMR's patented websites MMRPro and MyMedicalRecords Personal Health Records in the Unis Medical Clouds Service.

The Company also announced that MMRGlobal Executive Vice President, Richard M. Lagani, is in London this week meeting with Chartis Insurance representatives, hospital groups, and other healthcare providers.

According to Lorsch, "Hundreds of billions of dollars in the U.S., China and Europe are being made available to support a worldwide agenda to utilize health IT as a way of reducing healthcare costs while improving the continuum of care. Adoption of health IT systems is moving faster than ever and they all need to ultimately connect to the patient through a PHR which is one of the things MMR does best."

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, financial institutions, 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 through an integrated patient portal. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. Through its merger with Favrille, Inc. in January 2009, the Company acquired intellectual property biotech assets that include anti-CD20 antibodies and data and samples from its FavId™/Specifid™ vaccine clinical trials for the treatment of B-Cell Non-Hodgkin's lymphoma. To learn more about MMRGlobal, Inc. and its products, visit

Forward-Looking Statements

Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," "help" and "continue," or the negative of such terms and other comparable terminology. MMRGlobal, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties related but not limited to changes in MMRGlobal, Inc.'s business prospects, its results of operations or financial condition, current uncertainty and instability in financial and lending markets including global economic uncertainties, the risk the Company's products are not adopted or viewed favorably by the healthcare community, the ability to establish and maintain strategic relationships, competitive product offerings and promotions, timing and sales installation, government regulation and changes in healthcare initiatives, and such other risks and uncertainties as detailed from time to time in MMRGlobal, Inc.'s public filings with the U.S. Securities and Exchange Commission.

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