LOS ANGELES, CA--(Marketwire - June 8, 2010) - MMR Information Systems, Inc. (
Robert H. Lorsch, Chairman and CEO of MMR, said, "It's always been our goal to offer products and services that allow our consumer and physician clients to take full advantage of technology through strategic partnerships or acquisitions. The end result is to give MMR the opportunity to sell services to individuals, families, doctors and hospitals that maximize value to our shareholders."
The MichaelBass Group tracks and conducts research on over 200 emerging growth companies in the healthcare information technology sector. MichaelBass conducts its research on behalf of the Institute for Health Technology Transformation (www.ihealthtran.com) and others. The Group actively participates in the programming of Health Tech Investment Forums (http://www.ihealthtran.com/healthtechforumnyc.html), with the next one scheduled to take place September 21, 2010 in New York City.
Last week in New York, MichaelBass working with MMR created a checklist of criteria to identify revenue generating companies that are additive to MMR products and services that can be contained inside a personal or electronic medical record. Examples would include companies that generate lab reports, provide transcription services or enhanced imaging products and Bluetooth® patient monitoring devices. These companies create content that could be automatically deposited into a MyMedicalRecords PHR or MyMedicalRecordsMD account and then be shared with patients through the MMRPatientView portal. The MichaelBass Group will also seek companies offering EMR products in an effort to expand MMRPro into a more comprehensive solution inside the physician's office. Unlike the Company's competitors, additional benefits will be realized by virtue of the fact that all this information can then be pushed to the Company's flagship personal health record reinforcing it as the leading PHR available to consumers.
"We're excited about the relationship with MMR and particularly working with Bob Lorsch. Bob has a track record of rolling up companies into one consolidated entity that in the past had a market cap of over $1 billion dollars," said Greg Ellis, Senior Research Analyst of the MichaelBass Group. "There are hundreds of emerging growth companies in health IT that we monitor as part of our ongoing research strategy and many represent strategic opportunities for MMR. As a part of this roll-up strategy, there are numerous opportunities for organizations that are challenged in raising capital during this difficult private equity market that are logical fits to MMR."
The MichaelBass Group is uniquely positioned to serve in an advisory capacity to MMR with its understanding and extensive transaction research in the healthcare information technology industry. MichaelBass works extensively with industry associations, academic institutions, and the leading analysts in healthcare information technology to understand evolving trends and the landscape of this rapidly growing sector.
About MMR Information Systems, Inc.
MMR Information Systems, 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 MMR Information Systems, Inc. and its products, visit www.mymedicalrecords.com and view the videos at www.mmrvideos.com.
About MichaelBass Group, Inc.
The MichaelBass Group is an investment and strategic advisory services firm focused on healthcare information technology, healthcare IT services, healthcare mobility providers, and medical technology and devices. Our team of research analysts conducts in depth analysis of the leading companies, trends, and helps our clients to identify transaction opportunities. Our deep roots in healthcare include working with many public and private companies as well as industry associations and academic institutions. By combining technical expertise with invaluable industry insight in healthcare, The MichaelBass Group provides superior advisory services to every client engagement. MichaelBass is a research partner & corporate sponsor of the Institute for Health Technology Transformation. To learn more about The MichaelBass Group please visit www.michaelbass.com
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," and "continue." MMR Information Systems, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMR Information Systems, 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 to changes in MMR Information Systems, Inc.'s business prospects, results of operations or financial condition, government regulation, and such other risks and uncertainties as detailed from time to time in MMR Information Systems, Inc.'s public filings with the U.S. Securities and Exchange Commission.
Contact Information:
CONTACT:
Bobbie Volman
MMR Information Systems, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
Matthew Raynor
MichaelBass Group, Inc.
(561) 748-6281
matt@michaelbass.com