Open EC Technologies, Inc.

Open EC Technologies, Inc.

April 13, 2011 12:36 ET

OpenEC Subsidiary i-Plexus Signs New Channel Revenue Contracts With Three US Healthcare Software Companies Soren Technology, Level 3 MPS and Visions Home Health

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2011) - Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) is pleased to announce several new contracts and sales growth for its subsidiary, i-Plexus Solutions ("iPlexus")

The Company has signed three separate recurring revenue channel agreements with Soren Technology, Level 3 MPS and Visions Home Health to supply their customer installations with the i-Plexus Medical Claims and Payment Processing Transaction Service for medical services claims submission to over 1,500 Health Insurance Companies in the US.

Martyn Armstrong, CEO of Open EC states: "We are pleased to have these well-established leaders in the HealthCare Practice Management and Electronic Health Record Software sector to participate in our revenue development channel programs and to further validate our exceptional technology solutions. i-Plexus claim processing and revenue management solutions provide their software installation customers with reliable claims and payment processing that improve the Accounts Receivable payment cycle and reduces the number of rejected claims, which results in improved cash flow for the HealthCare Practice. Ultimately this moves both OpenEC and our channel partner forward in capturing more market share of the multi-billion dollar healthcare processing business."

Soren Technology ( Ft Lauderdale, Florida works with health care providers to establish the best solution for collaboration, ACO (Accountable Care Organizations) and specialists. Soren Technology's web-based platform is focused on ease of use and rapid deployment and is ONC certified for meaningful use. i-Plexus is selected as the solution's Claim Processing, Payment Remittance & Insurance Elegibility Service.

Level 3 Medical Practice Solutions ( Pittsburgh, Pennsylvania is an innovative Medical Practice integrated PM/EMR/EHR software company focused on providing sensible solutions to medical practitioners in musculoskeletal practices i.e. Pain Management, Addiction, Chiropractors, Physical Therapists and Orthopaedic Surgeons throughout the US and Canadian health care markets. Level 3's expertise evolves from having worked with over 100 hospitals, 2000 orthopaedic surgeons as well as hundreds of physical therapy clinics. The EMR PatientVu application has been the market leader for over 8 years in the Pain Management and Addiction market vertical in Canada. i-Plexus is selected as the solution's Claim Processing, Payment Remittance & Insurance Elegibility Service.

Visions Home Health ( ) Casselberry, Florida is a comprehensive software package that is created for, and affordable to, all home healthcare agencies. VISIONS Home Health performs most of the major functions associated with home healthcare administration with ease. From clinical, scheduling, billing, and payroll. i-Plexus is selected as the solution's Claim Processing, Payment Remittance & Insurance Elegibility Service.

About Open EC Technologies

Open EC is a TSX Venture Exchange listed company. Its, iPlexus Solutions subsidiary ( ) provides a subscription and transaction based solution for US HealthCare Providers to process their Medical Claims, Payment Remittance and Insurance Eligibility with over 1,500 HealthCare Insurance Carriers. Open EC's SoftCare EC Solutions Inc. subsidiary is an e-business software, services and solution provider. SoftCare's OpenEC® TradeLink e-business software includes solutions for Electronic Data Interchange (EDI), Healthcare Interoperability and Business Process Management. The Company sells the OpenEC® products, solutions and transaction processing services to the healthcare, financial services and retail supply chain in North America. The company has a growing focus on turnkey solutions for US Healthcare Information Technology Reforms funded by the US Federal Government ARRA programs for Healthcare IT Interoperable mandates. Additional product and solution information is available on the web at and and Additional public company information is available on the web at The Company's common shares trade on the TSX Venture Exchange under the symbol: OCE.


Martyn A. Armstrong, President and CEO

Further information about the Company can be found on SEDAR ( or by contacting Mr. Martyn A. Armstrong, President & CEO of the Company

This news release may contain forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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