SOURCE: MMRGlobal, Inc.

MMRGlobal, Inc.

June 16, 2011 08:35 ET

MMRGlobal and VisiInc PLC Announce License Agreement and Exchange of Equity in Connection With New eHealth Product Pipeline

LOS ANGELES, CA and PERTH, WESTERN AUSTRALIA--(Marketwire - Jun 16, 2011) - MMRGlobal, Inc. (OTCBB: MMRF) ("MMR") and VisiInc PLC (FRANKFURT: VZJ) ( today announced that following the recent signing of their agreement, MMR will grant to VisiInc an exclusive license to its proprietary eHealth patent portfolio in Australia with additional rights in certain areas of Eastern Europe. As partial additional consideration for the granting of the patents, VisiInc has granted one million warrants to MMR and MMRGlobal has granted one million warrants to VisiInc. The terms are based on revenue performance criteria for both companies as well as other additional customary terms and conditions.

MMRGlobal and VisiInc agreed to launch MMRGlobal's patented consumer and professional ehealth products and services, including the MyMedicalRecords Personal Health Record (PHR) ( and MMRPro for healthcare professionals (, to the eHealth technology market in Australia, which is currently projected to be as much as $2.4 billion in 2012 (USD$2.6 billion). As part of the transaction, MMR plans on using Visi as its communications pipeline for distributing MMR's personal health records and professional document management systems through the Visi platform and network wherever reasonably possible worldwide. Both companies believe that the combined service will represent the fastest high resolution document imaging, scanning, storage and sharing health record system for paper and large-sized radiological scans and files.

The system will also allow real-time collaboration of medical records and images regardless of a participant's location and connectivity (including dial-up) anywhere in the world.

According to Jacques Blandin, Chief Executive Officer and Founder of VisiInc PLC, "Both companies felt it would be appropriate to share what we believe could represent significant equity appreciation created by this transaction with the respective shareholders of each other's company through the exchange of warrants."

In a separate release today, VisiInc announced the integration plans of Open Inventor for the Visi platform and Vistime product. This move will significantly accelerate the integration time on numerous global projects relating to health, medical, aerospace, engineering, geosciences, mining and education markets. This integration will provide a preferred solution for all types of 3D imaging, including X-ray, CT, MRI, ultrasound, optical, and electron microscopy. Fast, efficient rendering of all types of geometry also makes it effective for many other applications, including image processing and analysis, PACS, DICOM, therapy and surgery planning, implant design, forensic medicine, education, training, and even molecular modeling.

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. The MyMedicalRecords PHR 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. MyMedicalRecords 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. MMR is also an integrated service provider on Google Health. 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 MMR Global, Inc. and its products, visit

About VisiInc PLC

Through its evolutionary Visi™ platform, VisiInc operates Vistime. Vistime is rapidly capturing global market share of major verticals such as Healthcare, Government, Engineering and Architecture, Mining, Oil & Gas, Exploration, Energy, Education, Advertising & Media and online Video Conferencing. Visi, the next evolution in visual communication, is capable of delivering solutions in both the physical and virtual environment in 3D. Vistime has been designed to integrate with the existing product offerings of the world's leading web collaboration and enterprise content management systems, enabling vendors to immediately expand their product capabilities and service offerings through Integrated Product Offerings, White Label and Private Label Offerings and OEM opportunities. Through its unprecedented rapid visual rendering capabilities, the Vistime system ( allows all end users to simultaneously view, manipulate, and explore multi-dimensional data visualizations of any file type and of any size, in real-time without any resolution degradation. The system eliminates the lag time barrier that exists with other viewers. As a result, Vistime is the first in the world to enable real-time collaboration of complex, data-rich visual files and 3D media. For more information, visit

Forward-Looking Statements
Statements in this press release that are not strictly historical in nature, including future performance, 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 MMRGlobal, Inc.'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, outcomes of the agreement between MMRGlobal, Inc. and VisiInc PLC & Firmware Technologies, Inc., the risk its products and services 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; product integration in physician practices 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 and future changes in tax legislation and initiatives in the healthcare industry; 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; 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; 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 United States 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. MMRGlobal, 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.


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