Oct 13 2009
MMR Information Systems, Inc. (/exchange>OTCBB/exchange>>/>: MMRF) (the "Company"), which through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR") provides consumer-controlled Personal Health Records ("PHRs") (www.mymedicalrecords.com) and electronic safe deposit box storage solutions (www.myesafedepositbox.com), today announced that its unaudited revenue for the nine month period ended September 30, 2009 reflected an increase of 64% from the comparable period in 2008. Further unaudited year-to-date revenues for the nine months ended September 30, 2009 totaled $537,613 compared to $328,306 for the nine months ended September 30, 2008. Revenues for the quarter ended September 30, 2009 increased 36% to $221,239 from $162,098 for the second quarter, 2009. The Company also disclosed that at the end of the third quarter it had cash and credit availability of approximately $2 million.
"The Company's growth in revenue comes from continued execution of the its business plan in the affinity and direct to consumer markets," said Robert H. Lorsch, Chairman and Chief Executive Officer of MMR Information Systems, Inc. "It does not include any results from MMRPro, which is currently being introduced in Beta and is anticipated to be released commercially in the first quarter of 2010."
"Given all of the current uncertainty surrounding the debate over health reform and what kind of insurance and treatments will ultimately be available to health consumers, it is more important than ever that people take greater control and are able to make informed decisions about their healthcare. MMR provides a secure, easy-to-use solution for consumers and their doctors to store and access medical records and personal health information, as well as other important documents such as insurance policies, and share them in a timely way to prevent costly medical errors and avoid unnecessary repeat tests," Lorsch added.
Consumers are becoming more aware of the importance of having a Personal Health Record as individuals and families are increasingly confronted by larger deductibles, increased premiums and greater out-of-pocket costs. PHRs and computerized medical records promote transparency and enable timely access to medical information that creates efficiencies in the healthcare system to contain costs and improve care.
SOURCE: MMR Information Systems, Inc.