SOURCE: MMRGlobal, Inc.

MMRGlobal, Inc.

September 19, 2011 08:35 ET

MMRGlobal Signs Definitive Agreements With 13 Surgery Centers Potentially Representing Millions of Dollars in Recurring Revenue

LOS ANGELES, CA--(Marketwire - Sep 19, 2011) - MMRGlobal, Inc. (OTCBB: MMRF) (www.mymedicalrecords.com), a leading provider of Personal Health Records, MyEsafeDepositBox storage solutions and electronic document management systems for healthcare professionals, today announced that it has signed the first set of definitive sales agreements with 13 individual surgery centers as a result of the Company's previously announced relationship with JERCS, Inc., a private healthcare revenue cycle management group (JER). The agreements are for the installation of MMRPro Document Management and Imaging Systems (www.mmrprovideos.com) and represent the first phase of the relationship with the revenue management group. The relationship with JER also represents the first step of integrating MMR products and services into other JER clients and 1-800-GET-THIN. Delivery of approximately $400,000 of the installations will begin immediately and is estimated to be completed early in the fourth quarter.

On September 12, 2011, the Department of Health and Human Services (HHS) Secretary Kathleen Sebelius asked the medical profession to cooperate in expanding the rights of patients to access their personal health record. In view of the recent emphasis by the government to make secure access to personal health information electronically available to patients, the Company believes that the surgery center agreements could represent more than $10 million in recurring revenues from providers and patients who request access to their personal health records over the three-year initial term of the agreements.

The Company expects to continue to recognize significant increases in sales and deferred revenues from the delivery of MMRPro and MMRPatientView and the MyMedicalRecords Personal Health Record built on proprietary patented technologies during the remainder of this year. The agreements with the 13 surgery centers are in addition to recent sales and installations in New Jersey, Texas and the Philippines during the current quarter, as well as ongoing sales efforts in Australia, China, Russia and France.

Robert H. Lorsch, Chairman and CEO of MMRGlobal, said, "The Company anticipates signing additional definitive agreements with healthcare facilities as a result of the MMRGlobal-JER term sheet announced on September 7, which stated that when and if completed, JER could represent more than $150 million in revenue. MMR is laying the railroad tracks for a train to carry us on our mission to provide the future of healthcare today. This is just the beginning and the train has not yet left the station."

Last week, HHS Secretary Kathleen Sebelius asked both medical providers and healthcare associations, employers and product developers to "Take the Pledge" to make it easier for individuals to have secure and timely access to their health information electronically and to engage and empower consumers through the use of health IT. Lorsch continued, "We believe that we have the best tools available for patients and their caregivers to safely and securely get their protected health information from any doctor and any hospital anywhere in the world today."

About MMRGlobal, Inc.

MMRGlobal, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR") (www.mymedicalrecords.com), 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 www.mmrglobal.com.

Forward-Looking Statements

All statements in this press release that are not strictly historical in nature, whether or not such statement relates directly to the sales agreements with surgery centers and the term sheet with JER, including future performance, management's expectations, beliefs, intentions, estimates or projections, 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. 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," and "continue," or the negative of these words. Factors that could cause or contribute to such differences 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, including global economic uncertainties; financial projections; product integration in physician practices, surgery centers and hospitals; 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; changes in government laws and regulations, especially as related to the healthcare industry; future changes in tax legislation and initiatives and exposure to additional tax liabilities; undetected errors in our products; possibility of interruption at our data centers; risks related to third party vendors; risks related to obtaining and integrating third-party licensed technology; current and future litigation; acceptance of the Company's marketing and promotional campaigns; the value of the Company's broadcasting advertising and sponsorships; negotiated milestone payments; risks related to a security breach by third parties; maintaining, developing and defending our intellectual property rights including those pertaining to our biotechnology assets; risks associated with recruitment and retention of key personnel; 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. Additionally, we are a developing early-stage company and many variables can affect revenues and/or projections, including factors out of our control. 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. You are cautioned not to place undue reliance on the forward-looking statements set forth in this press release.

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