MMR Information Systems, Inc. Completes Joint Venture Agreement With Unis-Tonghe Technology, a Division of Tsinghua Holdings in China
LOS ANGELES, CA--(Marketwire - January 4, 2010) - MMR Information Systems, Inc.
(OTCBB: MMRF) ("MMR") and Unis-Tonghe
Technology (Zhengzhou) Co., Ltd. ("UNIS"), confirmed today that they
have signed a definitive Joint Venture Agreement to deploy a customized
version of MMR's MyMedicalRecords proprietary Personal Health Record
("PHR") services and MMRPro professional document imaging and management
solutions in China. UNIS, a subsidiary of Unisplendour Corporation Limited
(SHE: 00938) (www.unis.cn), and a division of Tsinghua Holdings Co., Ltd.,
is one of China's leading IT firms, employing more than 25,000 people.
Luo Jianhui, Vice President and Chairman of Unisoft Group, Unis-Tonghe
Technology, and Robert H. Lorsch, Chairman and Chief Executive Officer of
MMR Information Systems, Inc., made the announcement. The Joint Venture,
working with Nihilent, MMR's
technology partner in India, will integrate the MyMedicalRecords PHR
(www.mymedicalrecords.com) and MMRPro system (www.mymedicalrecordsmd.com)
into an EMR health IT platform to be used in China's vast healthcare
market. MMR also plans to work with UNIS to ultimately provide electronic
safe deposit box storage solutions based on its MyEsafeDepositBox
(www.myesafedepositbox.com) to the financial, legal and insurance
industries, which UNIS will help MMR introduce in China.
UNIS intends to launch the MyMedicalRecords technology platform along with
a Chinese Electronic Medical Records ("EMR") system using MMR and UNIS
technology in support of a massive UNIS medical records development project
for China's 18,000 public hospital system, which will also be offered to as
many as 10,000 private hospitals throughout the country. China does not
currently have a method of electronically acquiring, storing or
transporting individual health records.
According to MMR CEO Robert H. Lorsch, "The Chinese version of MMR's
popular Personal Health Record, plus integration of MMRPro into a Chinese
EMR system, will benefit Chinese citizens by providing them access to
copies of their own personal health information. Currently, the Chinese
population has very limited access so clearly this solution will make it
easier to share medical records throughout the public and private Chinese
hospital system, which has not been easily done in the past. By enabling
hospitals and doctors to share a patient's health history utilizing
existing medical records, the best possible care can be provided while
reducing medical costs to individuals and the government."
China's hospitals, located in over 4,000 cities, are not connected
electronically. MMR and UNIS' technology and commercialization teams will
employ UNIS' Cloud Computing Platforms in operating MyMedicalRecords
systems in conjunction with the Ministry of Health and other government,
financial, legal and medical entities in China in an effort to bring health
care into a unified network to benefit patients.
About MMR Information Systems, Inc.
MMR Information Systems, Inc. (OTCBB: MMRF), 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, unions 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 small to mid-size physician practices.
MMR clients include AFL-CIO, Alexian Brothers Hospital Network, Coverdell,
LegalZoom, The Latino Coalition, MedicAlert, NRA, Qvisory, XN Financial and
others. MMR is also an integrated service provider on Google Health. To
learn more about MMR Information Systems, Inc. visit www.mmrinformationsystems.com.
About Unis-Tonghe Technology (Zhengzhou) Co., Ltd, A division of Tsinghua
Unisplendour Corporation Limited www.unis.cn is principally involved in the production and distribution
of information and electronic products, as well as the provision of
information technology (IT) services. The Company's businesses could be
divided into five segments: information products segment, software
integration segment, digital products distribution segment, communication
technology segment and intelligent transportation segment. As of December
31, 2008, the Company had one wholly owned subsidiary and three partially
owned subsidiaries including Unis-Tonghe www.unis-th.com. Unisplendour Corporation Limited is traded in China
under the symbol SHE:000938.
Nihilent is a global consulting and solutions Integration Company using a
holistic and systems approach to problem solving. Headquartered in Pune,
India, Nihilent's executive team has over 350 person years of experience in
international consulting, IT outsourcing and IT services. Nihilent's
operations span across North America, Europe, Africa, Middle East and Asia.
Nihilent's mission 'Change for Performance' encapsulates its commitment to
make change happen systemically in terms of people, process, technology and
knowledge for achieving sustained performance for its clients. Nihilent has
taken several initiatives to partner governments across the world in moving
in the direction of good governance. www.nihilent.com.
Any statements contained in this press release that refer to future events
or other non-historical matters are forward-looking statements. These
statements relate to future events, governmental approvals that may be
required in China, or our future financial performance. In some cases, you
can identify forward-looking statements by terminology such as "should,"
"expects," "believes," "potential," or the negative of such terms and other
comparable terminology. MMR Information Systems, Inc. disclaims any intent
or obligation to 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, as detailed from time to time
in MMR Information Systems, Inc.'s public filings with the U.S. Securities
and Exchange Commission.