MMRGlobal, Inc. (fka MMRF)

[croptop]

MMRF should explain...

MMRGlobal Retains Leading Patent Legal and Licensing Team to Vigorously Pursue and Monetize Foundational Patent Portfolio

http://www.marketwired.com/press-release/MMRGlobal-Retains-Leading-Patent-Legal-Licensing-Team-Vigorously-Pursue-Monetize-OTCBB-MMRF-1689166.htm

The MMR initiative will be led by Ted Ward, a Liner partner whose career includes advising Fortune 500 companies regarding complex business and intellectual property litigation matters, particularly surrounding patent litigation in manufacturing processes, mechanical engineering, computer hardware and software, printer technology, cable modem technology, biotechnology and pharmaceutical issues.

According to Ward, "MMR owns a significant portfolio of issued patents and pending claims. We intend to protect MMR's rights and pursue potential infringers. The evolving world of health IT includes a global shift to digitizing medical records and has created new opportunities for MMR. MMR's intellectual property portfolio is significant and it is the Company's intention to enforce its rights and make its services available to those who must comply with the legal requirements regarding the maintenance of health records."

Bob Lorsch, Chairman and CEO of MMRGlobal, said, "We have worked long and hard on establishing our health IT and biotech patents at significant cost and it is time to monetize them for usage. Where infringements were inadvertent, we will offer reasonable non-exclusive recurring license packages based on the size of the infringement."

Ward continued, "In today's business climate, more and more companies are seeing the value and merits of 'monetizing' their intellectual property assets. We are in the midst of a change where many companies have turned their IP portfolios into significant revenues. At the same time, we are witnessing a successful push by many of the Web's biggest pioneers as well as emerging growth companies like MMR that are re-asserting patent portfolios against new rivals emerging in the social media and networking space out of a fiduciary responsibility to their shareholders to maximize every financial means possible."