MMRGlobal, Inc. (fka MMRF)

[croptop]

MMRF | Walgreen’s Response Could Keep MMRGlobal Hot

Lawsuits in Singapore and Australia? Really?

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http://www.aimhighprofits.com/mmrf-walgreens-response-could-keep-mmrglobal-hot-26061

Mentioned to only a select few VIP Members back in January when Robert H. Lorsch, MMRGlobal Chairman and CEO, addressed shareholders, no one could have ever imagined that this beast of a penny stock would produce such insatiable gains over the course of 4 months. MMRF stock really didn’t slow down yet this year, nor did it experience huge spikes after announcing patent infringement cases against the likes of WebMD, Walgreens, and even across the Pacific to companies based in Australia and Singapore.

Despite the bullish run this year, MMRGlobal actually reported weaker sales for the year ended December 31, 2012 compared to the prior period. Total revenues dropped -43.34% to $804,343 from $1,419,648, respectively, while costs to generate the respective revenues basically remained constant, $588,672 versus $609,212, respectively.

Since the start of 2013, MMRGlobal has kept their legal department quite busy. On January 29, 2013, the Company filed a complaint for patent infringement against Walgreen Co., titled MyMedicalRecords, Inc. v. Walgreen Co., United States District Court, Central District of California, Case No. CV 13-00631 ODW (SHx), alleging that Walgreen Co. is infringing MMR’s Personal Health Records patent, U.S. Patent No. 8,301,466. The parties have agreed, and the Court has ordered, that Walgreen Co.’s time to respond to the complaint is continued to May 3, 2013 so that the parties can continue to pursue discussions regarding a potential settlement or early resolution of this matter.

On February 11, 2013, MMRGlobal filed a complaint for patent infringement against WebMD Health Corp. and its wholly owned subsidiary WebMD Health Services Group, Inc. titled MyMedicalRecords, Inc. v. WebMD Health Corp et al., United States District Court, Central District of California, Case No. CV 13-00979 ODW (SHx) alleging that WebMD is infringing MMR’s Personal Health Records patent U.S. Patent No. 8,301,466.