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MMRGlobal, Inc. Website: Click Here

Information As Of July 21, 2010

Exchange: OTCBB Market Cap: 28.7 Million
Outstanding Shares: 210.7 Million 52 Low / High: $0.065 / $0.364

Price on July 21, 2010: $0.136

MMRF Recent Stock Quote and News: Click Here

"For the 12 months ending December 31, 2010 the Company expects Sales of $2.7 million or 350 percent over 2009. Based on the knowledge of management today, the Company also projects Sales of $28 million for the 12 months ending December 31, 2011 or an increase of over 800 percent."


Overview

MMR Global, 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 (www.myesafedepositbox.com), serving consumers, healthcare professionals, employers, insurance companies, financial institutions, 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 through an integrated patient portal. 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.


Investment Highlights

  • Explosive Sales & Revenue Guidance. The Company recently gave guidance in the form of projected sales, portions of which may be recognized as deferred revenue ("Sales"). For the 12 months ending December 31, 2010 the Company expects Sales of $2.7 million or 350 percent over 2009. Based on the knowledge of management today, the Company also projects Sales of $28 million for the 12 months ending December 31, 2011 or an increase of over 800 percent. Sales for the first six months of 2010 are expected to exceed the first six months of 2009 by more than 20 percent not including any revenues from International Licensing in 2010.
  • Medical Industry Incentives. President Bush began a major push to create incentives for the medical industry to switch to electronic health records. President Obama is helping promote these incentives.
  • Shift to Electronic Medical Records. The medical industry has begun to realize the many benefits of using electronic medical records. The financial incentives are rewarding practitioners and have resulted in a building momentum as more offices are making the transformation.
  • Limited Competition. Only a handful of companies are fully positioned to provide the services that physician’s offices require to meet the stipulations of the stimulus package. MMRGlobal, Inc. has the products intact to provide an end to end solution for their customers.
  • Additional Modes of Revenue. MMRGlobal has a competitive edge in the electronic medical records industry, but also offers other products to meet an increasing demand for personal health records and storage of documents that are critical to our daily lives.
  • Financing. Without sacrificing share structure, MMRGlobal has researched and developed its products. The business plan to generate revenues accompanies the strategy of only using the financial resources as required to roll-out their products worldwide.
  • Technical Analysis Chart Looking Positive. The MMRF chart is at a solid support level and is looking to climb again. The overall chart has a large cup and handle look to it, which can be an incredibly powerful chart pattern.
  • Patented Products. The Company’s flagship product, MyMedicalRecords PHR service, is a patented technology. The Company also holds other key patents and patent-pending technologies.

Profile

The world is becoming more and more electronic every day. The urban legend that in 1899 Charles H. Duell, Commissioner for the United States patent office, once stated “Everything that can be invented has been invented” certainly is humorous as the World Wide Web continues to evolve and thrive as a key component of life and business today.

It was the 1970’s that saw the first electronic mail (email) system developed and, ironically, the first spam email being sent in 1978. 1984 witnessed the birth of domain name systems (DNS) and the first Apple personal computer being launched. In 1991, Tim Berners-Lee’s web server and browser were made publicly accessible and by the end of 1992 there were 26 publicly accessible sites available on the World Wide Web. The first secure ecommerce transaction is reported to have occurred Aug. 11, 1994. While it may seem to have been around forever to many of us, Google and PayPal were not launched until 1998. At this point there were now over 250,000 commercial websites in operation. As of 2009 records indicate that the internet now has 1.5 billion users and there are over 100 billion live web pages. Given the fact that the build-up to the web that we know today was slow until the explosion in the last ten years or so, it will be interesting to see where it is in another ten years.

The web has changed how we operate in life. The idea of going to a store to purchase an item has been replaced by ordering online. Even everyday items, including groceries, can be ordered with a mouse click and delivered right to your door. On the topic of leaving the house, “telecommuting” to work has also become a craze as businesses strive to reduce costs as communications of all degrees can now be done smoothly through the use of the web. No need for a car, just get a modem. Many businesses now are almost exclusively web-based with a majority of expenses going to operating and maintaining those sites.

The web has indeed simplified many things in our personal lives, but the benefits provided to big industries are virtually unparalleled. Obviously, the tech boom related to the development of the basic principles of the web as we know it reaped huge rewards for companies such as Google, Yahoo, etc. and, more recently, social networking sites such as Facebook and MySpace, not to mention the shareholders that got in early.

The medical industry is now making significant changes in operations for both humanitarian and business reasons. Spurred by government incentives, the medical world is becoming increasingly dependent on the digital world through Electronic Health Records (EHRs), also called Electronic Medical Records (EMRs). In April 2004, President Bush issued Executive Order 13335, which established a new executive position charged with developing a strategic plan and incentives to promote the adoption of EHRs. The accompanying press release stated that “the President announced an ambitious goal of assuring that most Americans have electronic health records [EHRs] within the next 10 years.” A basic EMR includes patient demographics, clinical notes with patient problem lists, medication lists, prescription ordering, and the ability to view lab and imaging results.

In 2005, less than 10% of all doctor’s offices in the United States used electronic health systems in any fashion. According to the U.S. Department of Health and Human Services (HHS) in the same year, a national health information network could save $140 billion per year by improving care and reducing costs. In addition, EMRs offer portability, which is an important component of the Healthcare Portability and Accountability Act (HIPAA). This data has driven the government to offer significant incentives for the medical industry to make changes and incorporate electronic health records into their everyday practice.

The American Recovery and Reinvestment Act (ARRA) of 2009, offers several thousand dollars to each health care provider as a motivation for adopting electronic records. $20 billion in stimulus money was earmarked as incentives for electronic health records through the Act.

In a survey conducted this year by GfK Roper for IT vendor Practice Fusion, more than 48% of the people surveyed said their doctor or specialist stored medical records electronically in the examination room, as opposed to writing information on paper charts. Of those patients, more than 45% said their doctor made the switch in the last two years, and more than 14% said the switch occurred in the last six months. While the number of overall practices still not using electronic medical records is still greater than 70%, the stimulus money and progression with modern technology is apparently having an impact.

The list of companies offering services to capitalize on the flurry of practitioners switching to electronic health records is small with only a limited number of companies having the infrastructure and products completed for marketing.

MMRGlobal, Inc. (OTCBB:MMRF), is one Company making its name known in the electronic health records arena. Through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), the Comp[any provides secure and easy-to-use online Personal Health Records ("PHRs"). Their proprietary technologies serve consumers, healthcare professionals, employers, insurance companies, unions and professional organizations. MMRGlobal’s latest product, MyMedicalRecords Pro, is a service designed to give physician's offices a cost-effective solution to the costly and time-consuming problem of digitizing paper-based medical records.

MMRPro is MMRGlobal’s solution to accommodate all of the needs of a care provider to not only organize and simplify their offices through electronic medical records, but also meet all the requirements that could net them up to $44,000 in stimulus funds. MMRPro is a bundled, end to end solution that, through the use of the system’s Kodak 520MDPro scanners and Capture Pro software, automatically deposits scanned patient records in to organized online file folders to the specific tabs or formats that are used in the subscribing doctor’s office. The uploaded files are transferred in a matter of seconds through a secure ftp client and filed appropriately through a bar code system unique to each office. The files are then available through a secure portal from any internet connection in the world at any time.

The MMRPro system also includes an integrated e-prescribe function that allows doctors to easily order prescriptions which is mandatory to meet compliance with the federal stimulus package. The system also benefits the patient as, through another secure portal, the patient can view their records at any time at any location with an internet connection.

MMRPro has a major market edge in the area or electronic medical records due to their state-of-the-art technologies and extremely manageable pricing. The cost of the system for an office with up to three doctors is only $600 per month.

Most companies would be happy to have a product such as MMRPro in their arsenal of revenue generators, but that is not all that MMRGlobal has to offer. In addition to the MMRPro, MMRGlobal offers a suite of online personal health records (PHRs) and electronic safe deposit box storage solutions.

Seeking to empower consumers to have greater control over their health and well-being, MMRGlobal facilitate access to medical records and other important documents, such as living wills, birth certificates, passports, advance directives and insurance policies, anytime from anywhere using the Internet.

Their flagship product, the MyMedicalRecords PHR service, accessed through www.mymedicalrecords.com, is built on proprietary patent-pending technology that enables users to transmit documents, images and voicemail messages in and out of the MyMedicalRecords PHR system using a variety of methods, including fax, e-mail, phone, and file upload without relying on any specific electronic medical record platform to populate a user's account. Users and medical providers can fax paper records (such as laboratory tests, radiology reports and physician's notes), or scanned images can be uploaded, into a secured personal account, which the user can access and organize as necessary, including filing particularly sensitive documents in virtual lockboxes protected by secondary passwords, and designating certain records as accessible to medical personnel and first responders by way of a separate Emergency Login.

The final component of the MMRGlobal products on the market is called “MyEsafeDepositBox”, available at www.myesafedepositbox.com, which is designed to provide secure online storage for vital financial, legal and insurance documents in addition to medical records using the same patent-pending technologies that drive the MyMedicalRecords PHR service.

MMRGlobal has established a $10 million standby equity line facility recently and entered into an agreement with Benchmark Financial Groups to help fund the Company's deployment of MMRPro. It is also notable that the Company has issued less than 15% of the Company’s authorized shares during its research and development of its products with expectations that revenues will be used for any further advancement.

As if the Company’s patented products in this booming industry weren’t enough reason to consider the stock, the Company also recently came out with sales and revenue guidance in the form of projected sales, portions of which may be recognized as deferred revenue ("Sales"). For the 12 months ending December 31, 2010 the Company expects Sales of $2.7 million or 350 percent over 2009. Based on the knowledge of management today, the Company also projects Sales of $28 million for the 12 months ending December 31, 2011 or an increase of over 800 percent. Sales for the first six months of 2010 are expected to exceed the first six months of 2009 by more than 20 percent not including any revenues from International Licensing in 2010. This demonstrates that the Company's core Sales are growing at a pace of over 100 percent after excluding the licensing revenues the Company reported last year. These projections do not include revenues from Chartis in 2010 which may occur, or any revenues from new affinity sales, China, India, integration to wireless devices, clinical trials, biotech assets or revenue that may be recognized through acquisitions.

This Company is growing by leaps and bounds and from a fundamental standpoint, looks to be on solid footing. With that being said, we decided to also look at the stock from a technical perspective, and the technical merits for this Company are quite compelling on that front as well to say the least.

The technical chart for MMRF is in a prime position for another leg up. While not perfect per definition, the MMRF chart has the look of a very large cup and handle pattern. The C&H can be a remarkably powerful pattern which would put targets in the area of around the $0.40 area, if the pattern completes. Coming off the 52-week low of $.07 in November of 2009 and a subsequent climb which touched $.36 in May, the price per share has retraced and is holding above the 200 day simple moving average around $.14. Volume has been declining indicating the selling is over as profit-takers have secured gains from the large move on the run to $.36.

The lower indicators have retraced as well and are now beginning to demonstrate bullish crosses with the 12 EMA crossing the 25EMA for the MACD and the PPO histogram is breaking above zero as well. The +DI and the –DI are properly positioned as the ADX is turning up indicating a possible swing in strength of direction as it moves towards “trending” levels. The Accumulation/Distribution indicator has continued trending to the upside even throughout the consolidation indicating that buying is still outweighing selling for MMRF and the Full STO has regularly bounced of 20 and is once again turning back north acknowledging that oversold status is difficult for MMRF to achieve. Buying pressure still remains. Finally, the RSI’s (7, 14, 21) are tight and are approaching the bullish mark of 50 in unity. The MMRF chart should continue to get support from the 200 day moving average at $.13 and a bottom support level at $.12 as it has touched $.12 twice this month, but promptly recovered to the upper side of the long moving average. A break and hold below $.12 will significantly weaken the chart, but at this point it appears to be heading back to bullish territory.

Should the stock break considerably below $0.12, then the ship is sinking and investors should be using a level close to that for their stop losses, however the $0.12 level is looking to be a good support level. The stock is flirting with a potential bullish run which could see it’s next resistance point around the $0.20 level should the run begin.

As always, these are only our interpretations of the MMRF stock chart and we encourage all investors to do their own due diligence and consult with a financial advisor prior to making any investment decisions.

This still affordable price of 14 cents and sitting on a nice area of support, MMRF will be on the radar for both traders and investors as lucrative gains could be produced from these levels. The fundamentals for MMRGlobal and the business plan are firmly intact and the management has been respectful to shareholders at this point. Companies that are looking to capitalize on the shift in trend from paper documentation to electronic medical records are not likely to stay at this low price per share for long. Of course, as mentioned above, this is not all that MMRGlobal has to offer with regards to generating revenues, while keeping overhead at a minimum. We at AllPennystocks.com are also feeling the momentum turn, and look with interest to the chart and corporate structure of MMRGlobal, Inc. (OTCBB:MMRF) while still urging investors to perform their own due diligence on the company.


Company Product Security

The Company has taken a number of steps to ensure that patients information is stored safely, securely and confidentially.

  • The technology that underlies the MyMedicalRecordsMD.com voice and fax communications portal was built and is hosted by the same company that handles transactions for many Fortune 1000 companies.
  • The Company has redundancy across all levels of its infrastructure and maintains back up servers housed in a separate data center, more than 100 miles from the main production data center. In the event the production data center becomes inoperative, traffic is routed to the backup data center. Access to the facility's data center areas is tightly controlled, requiring individuals to be authenticated with Smart Card access and biometric scans. The data center also protects data loss and corruption through full power back-up systems.
  • In addition to user level passwords and data encryption, data access is protected through multiple levels of network security to prevent unauthorized access and to help protect the privacy and integrity of customer data. Furthermore, MMRPro's hosting platform maintains total, synchronized redundancy at all levels.
  • All documents faxed into and stored in the MMRPro system are encrypted when accessed and they are displayed in unalterable PDF images. In the case of non-PDF documents that are uploaded, the files remain in their native application format such as MS Word, Excel, PowerPoint, etc. Each user's mailbox is secured by a unique User ID and Password combination. The password is easily changed online by the user at anytime. Our employees do not have access to any information placed into the system by our customers. We do not know what is in the records saved; we do not analyze the data; and we do not sell or plan to sell this information to anyone. Our Customer Care Representatives do not know any User passwords. MyMedicalRecords.com complies with the IT SECURITY requirements of the Health Insurance Portability and Accountability Act of 1996 (HIPAA), and our management team includes an attorney that specializes in HIPAA.

Recent News and Press Releases

MMRGlobal Enters Into Financing Agreement to Speed Deployment of MMRPro to Customers
Marketwire (Mon, Jul 12)


MMRGlobal's China Joint Venture Plans for Electronic Health Record Project in Henan Province
Marketwire (Tue, Jul 6)


MMRGlobal Gives Sales and Revenue Guidance
Marketwire (Wed, Jun 30)


MMRGlobal Gives Sales and Revenue Guidance
Marketwire (Tue, Jun 29)


MMRGlobal Launches "The Future of Your Health at Work Today" on Daytime Emmy Awards Show Sunday
Marketwire (Thu, Jun 24)


MMRGlobal To Sign Agreement With National Payment Provider to Place 1,000 MMRPro Systems
Marketwire (Mon, Jun 21)


MMRGlobal Secures $10 Million Standby Equity Line to Facilitate Worldwide Growth
Marketwire (Fri, Jun 18)


MMR INFORMATION SYSTEMS, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Non-Reliance on Previou
EDGAR Online (Fri, Jun 18)


MMRGlobal Promotes and Adds Two Senior Executives to Manage Growth
Marketwire (Thu, Jun 17)


MMR Information Systems Becomes MMRGlobal
Marketwire (Wed, Jun 16)


Management

Robert H. "Bob" Lorsch
Chairman of the Board; President and Chief Executive Officer

Hector V. Barreto, Jr.
Director

David A. Boyden
Director

Douglas H. Helm
Director

George Rebensdorf
Director

Bernard Stolar
Director

Jack Zwissig
Director

Naj Allana
Senior Vice President and Chief Financial Officer

Contact

Corporate Contact:

MMRGlobal
Mailing Address:
2934 1/2 Beverly Glen Circle,702
Los Angeles, CA 90077

Office Address:
468 Camden Drive
Suite 200
Beverly Hills, CA 90210

1-888-808-4667 (4MMR)

Email: info@mmrmail.com


FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect MMRGlobal, Inc. current expectations about its future results, performance, prospects and opportunities. MMRGlobal, Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause MMRGlobal, Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.


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AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for MMRGlobal, Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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