iMedicor Announces Agreement With eRx Network

New Partnership Expands iMedicor's Reach to More than 200,000 Physicians NANUET, N.Y.--(BUSINESS WIRE)--Vemics, Inc. (PINK SHEETS:VMCI), a leading provider of hosted, real-time learning and productivity portals, announces an agreement with eRx Network, LLC for the use of Vemics' iMedicor online, HIPAA compliant EHR (Electronic Health Record) transport network, which will carry prescription refill requests electronically rather than by facsimile or phone. eRx Network is a leading provider of a secure, reliable and performance oriented network for e-commerce applications to the retail pharmacy industry. eRx Network's premier e-Script physician communication services connect more than 200,000 active participating physicians to national and regional pharmacy chains as well as local community pharmacies. "We are looking forward to a very exciting partnership with eRx Network," said Fred Zolla, CEO and President of Vemics, parent company to iMedicor. "This positions iMedicor as a vital partner in the important e-prescribing market â€" a sector that is experiencing a rapid explosion in growth." This agreement is a major step in the upgrade of communications capability of physicians worldwide, as the move from facsimile communications moves to fully electronic communications. The iMedicor and eRx agreement will be a significant move to provide physicians and other healthcare workers with the same instantaneous communications ability enjoyed by other healthcare professionals. "This relationship will move physicians quicker to electronic prescribing and help the pharmacy by eliminating the need to data-enter refill responses," said Murray Lyle, President and COO of eRx Network. "There is significant room for growth and expansion as this partnership evolves." eRx Network currently has more than 200,000 active physician subscribers utilizing the network for carrying e-prescribing transactions and prescription refill requests. iMedicor will serve as the secure, HIPAA compliant communication link to this vast user base. The iMedicor Portal will be integrated with eRx's e-prescribing network through a specially designed interface. The combined service will optimize prescription refill requests, currently sent by fax, to now transmit electronically to physician offices. Once received, the office will approve or deny the request and a message will travel back to the pharmacy management system and log the result, all through the iMedicor HIPAA compliant system. "The proposed solution will eliminate manual processes and reduce costs for eRx Network pharmacy clients," said Tom Dorsett, President of Healthcare Solutions for Vemics. "In addition, it will eliminate multiple manual processes for the physician office and take them a step closer to adoption of more profitable e-prescribing technology. It's a win-win for everyone involved â€" the pharmacy, the physicians, and most importantly, the patients." Benefits of the iMedicor â€" eRx Network relationship include: * Pharmacy clients no longer have to manually key in information from refill requests that are currently returned by fax. * Physician office staff no longer have to receive requests by fax, rely on phone calls to communicate with the pharmacy or use fax machines to return requests to pharmacy. * Reduced transactional cost to eRx Network pharmacy clients. * A new pharmacy area to iMedicor that benefits pharmacists with free productivity tools and educational content * IMedicor will gain access to over 200,000 physicians. * The iMedicor portal will assist in reducing cost, more efficient internal operations, increased speed and accuracy in processing transactions and eliminate unnecessary document touch points The iMedicor portal, which went live on October 10th, is the health industry's first free, HIPAA-compliant online personal health data exchange and secure messaging portal for physician collaboration, community and referrals. MedGadget, the influential online journal of emerging medical technologies, recently praised the portal's simple interface and usability of the system (https://www.medgadget.com). The portal's proprietary HIPAA-compliant technology and ability to enable health providers to exchange medical record data, documentation, images, etc. are what distinguishes it from the chat-room-style portals for doctors currently in existence. "We recognized early in our development stage that the electronic transfer of medical records, files and images was lacking in modern communication between doctors and other health care workers," said Zolla. "We believe iMedicor will quickly become the Physicians Internet, and alliances like eRx Network will greatly add to that goal". Physicians, healthcare professionals and patients are all permitted to access the free site at www.iMedicor.com. For more information or to schedule an interview, contact Laura Grock (lgrock@janispr.com) at Martin E. Janis & Company, Inc., 312-943-1106. About eRx Network, LLC â€" Innovative Solutions for Pharmacy: eRx Network is a premier provider to the U.S. pharmacy industry of a secure, reliable and performance oriented network for e-commerce applications. eRx provides a number of productivity enhancing services including online and Internet switching of third party claims, value proven pre- and post- edit services, claims reconciliation services, electronic prescribing solutions, Medicare/Medicaid DME billing, and Medicare eligibility verification. For more information about eRx Network, call toll free 1-866-379-6389 or visit www.erxnetwork.com. eRx Network, eRx, Allwin Data, its logo and product names are registered trademarks of Electronic Rx Network, LLC. About iMedicor, a Vemics Company: Vemics' iMedicor is the only HIPAA-compliant solution for interoperable medical information transfer that is offered at no cost to healthcare providers. The iMedicor portal also enables pharmaceutical companies to deliver customized marketing programs to more than 730,000 healthcare providers nationwide in a highly targeted, cost-effective and non-intrusive manner. iMedicor also allows doctors, administrators and other qualified healthcare workers to send and receive medical records, files and images and enables disparate EMR (electronic medical record) systems to communicate, collaborate and exchange records in real time. More information on iMedicor is available at www.imedicor.com. The statements contained herein, other than historical information, are or may be deemed to be forward-looking statements and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks, and uncertainties include market acceptance of Vemics' products and services; the nonexclusive and terminable-at-will nature of certain of the company's partnerships and agreements; rapid technological change affecting demand for our products and services; competition from companies providing similar products and services, availability of sufficient financial resources to enable us to expand our operations, as well as other risks detailed from time to time in our filings with the Securities and Exchange Commission.

12/6/2007