Open EC Technologies, AxSys Healthcare sign Teaming Agreement

Nov 6 2009

Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) is pleased to report the signing of a Teaming Agreement with AxSys Healthcare Corporation ("AxSys") for its subsidiary, SoftCare EC Solution Inc. ("SoftCare") www.softcare.com.

The Teaming Agreement enables SoftCare to deliver the AxSys Excelicare Software as a Service (SAAS) solution for SoftCare's specific business development opportunities underway in the US Healthcare market. The agreement provides for SoftCare as prime contractor to license and share in recurring revenue from SoftCare initiated projects for its solutions in Healthcare Provider Portals, Electronic Health Records (EHR) Interoperability and Healthcare Electronic Data Interchange (EDI) Solutions.

Going forward, SoftCare will supply its TradeLink e-Business Software integrated to the AxSys Excelicare Solutions to comply with the mandated inter-operability requirements from the US Federal Government's Healthcare IT reforms for EHR, Eligibility, Claims and Payments.

"We are excited about working with AxSys on our US Healthcare business development initiatives" states Martyn Armstrong, CEO of Open EC Technologies, "AxSys is a leader in their market segment, a very capable business development partner with an excellent track record. We look forward to the ongoing business development growth with this strategic relationship."

Quoting Paul Ryder, Director of North American Business Development AxSys Health Corporation, "The SoftCare relationship brings AxSys to the forefront of some exciting US Healthcare business development projects. Together SoftCare and AxSys are well positioned to take a share of the North American EHR and Healthcare Interoperability software market. We are committed to providing our customers the leading collaborative healthcare solutions they are looking for through this strategic relationship with SoftCare."