MMRGlobal, Inc. (fka MMRF)

[WallStreetMyWay]

Update: MyMedicalRecords Litigation With Walgreens

Walgreens filed an answer to MMR's complaint for patent infringement today . The parties had twice extended Walgreens’ deadline to respond in order to facilitate settlement discussions. As a result of those extensions, the Court ordered deadline for Walgreens to respond ended today. It is also important to note that Walgreens did not file a counterclaim or a motion to dismiss.

Throughout the last 3 months the parties have discussed and will continue to discuss a resolution of this matter. Everyone remained at the table until Court imposed requirements took us to the next chapter and we do not believe that the filing of the answer by Walgreens will end the efforts of both companies to seek a resolution.

Based upon the potential of the amounts of the damages at issue, the Company did not expect the matter to resolve immediately. In the litigation, MMR will be seeking substantial royalties from Walgreens and plans to vigorously pursue the litigation as necessary. That said, the Company will also continue to pursue business relationships and licensing agreements with other retail pharmacies while we continue efforts to work with Walgreens to find a mutually beneficial resolution to this litigation. (For additional information, see the press release at http://phx.corporate-ir.net/phoenix.zhtml?c=178404&p=irol-newsArticle&ID=1779947&highlight)