MMR Information Systems, Inc. Files Second Quarter 2009 Form 10-Q
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LOS ANGELES, CA, Aug 27 (MARKET WIRE) --
MMR Information Systems, Inc. (OTCBB: 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 the Company
has filed its second quarter Form10-Q for the period ended June 30, 2009
with the U.S. Securities and Exchange Commission. The delay in filing was
as a result of a reassessment of the Company's contractual obligations to
deliver shares in the event that all option and warrant holders exercised
those contracts.
The condition initially arose upon the merger between
MyMedicalRecords.com, Inc. and Favrille, Inc. on January 27, 2009. The
condition was remedied on June 13, 2009 when certain non-employee option
and warrant holders waived their rights under those contracts. On that
date, the derivative liabilities were reclassified back into equity and a
gain of $1,288,856 for the three months ended June 30, 2009 was
recognized related to the decrease in value of those liabilities between
March 31, 2009 and June 13, 2009. Further details of this accounting
issue and the Company's treatment of it can be found in the Company's
filings with the SEC.
According to Robert H. Lorsch, Chairman and Chief Executive Officer, "We
are pleased that the Company is again current in its filings and is in the
process of signing MMRPro Beta sites at a time of tremendous opportunities
created by the Obama Administration and Congress's emphasis on the
importance of personal health records."
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. MyMedicalRecords enables individuals and their 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 PHR service, accessed through
www.mymedicalrecords.com, allows documents, images and voicemail messages
to be transmitted and stored in the MyMedicalRecords PHR system using a
variety of methods, including fax, phone, or file upload without relying
on any specific electronic medical record platform.
The proprietary MyEsafeDepositBox service, available at
www.myesafedepositbox.com, provides secure online storage for vital
financial, legal and insurance documents in addition to medical records,
and serves as a powerful emergency preparedness tool for industry,
individuals and municipalities.
Information about the MyMedicalRecords Pro ("MMRPro") service, designed to
give physicians' offices an easy and cost-effective solution to digitizing
paper-based medical records, is available at www.mymedicalrecordsmd.com.
To learn more about MMR Information Systems, Inc., visit
www.mmrinformationsystems.com.
CONTACT:
Bobbie Volman
MyMedicalRecords, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
Copyright 2009, Market Wire, All rights reserved.
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