MEDEFILE INTERNATIONAL INCORPORATED (OTCBB: MDFI)
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Medefile International, Inc. engages in the development and sale of systems for gathering, digitizing, storing, and distributing information for the healthcare field. The company's products include MedeFile, a b2b and b2c subscription service that is designed to create a "cradle-to-grave" longitudinal record by retrieving and consolidating copies of their medical records; Digital Health Profile, which provides a summary of the patient's healthcare history that assists healthcare providers in understanding the patient's course of medical treatment; MedeDrive, an external USB drive, which stores a patient's emergency medical information and their MedeFile that can be viewed on a personal computer; and MedeVault designed to serve as an electronic data and document repository. Its product portfolio also comprises Medefile Clinical Information Systems, a b2b professional consulting service; OmniScan, which is designed to enable medical facilities to convert the paper based medical records into a digital format; and SecurMed that serves as an authentication process, which protects against any information being viewed by unauthorized persons. The company was incorporated in 1997 and is based in Cedar Knolls, New Jersey.
MDFI News:
November 16 - MedeFile Announces Record Revenues
MedeFile International, Inc. (OTCBB: MDFI), a leader in portable electronic medical records management, announced today that the company posted unprecedented record revenues for the third quarter 2010. Revenues and memberships are at an all time high. Year over year, MedeFile realized an increase in revenues of over 750%. MedeFile also realized an increase of approximately 950% revenue growth quarter over quarter. In the third quarter of 2010 alone, MedeFile's revenue was nearly triple the annual sales for all of 2009.
Kevin Hauser, Chairman and Chief Executive Officer of MedeFile International, Inc. commented, "We are extremely pleased to report significantly improved upward momentum in our business throughout the third quarter, with record highs in revenues and in quantity of memberships sold. Our performance this quarter has been favorably impacted by several new marketing initiatives that were launched in July 2010.
We continue to expand the business in the United States and are also very excited to be discussing numerous prospects overseas. We will continue to explore each and every possibility that we believe will increase revenue, client base and ultimately shareholder value. As such, we are looking forward to offering our system and services in a variety of translated languages in the fourth quarter 2010. We believe this will enable us to take hold of a lucrative market both in the United States and abroad.
"It is very rewarding to have reported record revenues in what was my first quarter as CEO of MedeFile. We are very optimistic that MedeFile's team and existing infrastructure position us to take advantage of upcoming opportunities to increase our market share and continue to show consistent future growth."