OCE Open EC Technologies

Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) is
pleased to announce several new contracts and sales growth for its subsidiary,
i-Plexus Solutions ("iPlexus") www.iPlexus.net


The Company has signed three separate recurring revenue channel agreements with
Soren Technology, Level 3 MPS and Visions Home Health to supply their customer
installations with the i-Plexus Medical Claims and Payment Processing
Transaction Service for medical services claims submission to over 1,500 Health
Insurance Companies in the US.


Martyn Armstrong, CEO of Open EC states: "We are pleased to have these
well-established leaders in the HealthCare Practice Management and Electronic
Health Record Software sector to participate in our revenue development channel
programs and to further validate our exceptional technology solutions. i-Plexus
claim processing and revenue management solutions provide their software
installation customers with reliable claims and payment processing that improve
the Accounts Receivable payment cycle and reduces the number of rejected claims,
which results in improved cash flow for the HealthCare Practice. Ultimately this
moves both OpenEC and our channel partner forward in capturing more market share
of the multi-billion dollar healthcare processing business."


Soren Technology (http://www.sorentech.com/) Ft Lauderdale, Florida works with
health care providers to establish the best solution for collaboration, ACO
(Accountable Care Organizations) and specialists. Soren Technology's web-based
platform is focused on ease of use and rapid deployment and is ONC certified for
meaningful use. i-Plexus is selected as the solution's Claim Processing, Payment
Remittance & Insurance Elegibility Service.


Level 3 Medical Practice Solutions (www.level3mps.com) Pittsburgh, Pennsylvania
is an innovative Medical Practice integrated PM/EMR/EHR software company focused
on providing sensible solutions to medical practitioners in musculoskeletal
practices i.e. Pain Management, Addiction, Chiropractors, Physical Therapists
and Orthopaedic Surgeons throughout the US and Canadian health care markets.
Level 3's expertise evolves from having worked with over 100 hospitals, 2000
orthopaedic surgeons as well as hundreds of physical therapy clinics. The EMR
PatientVu application has been the market leader for over 8 years in the Pain
Management and Addiction market vertical in Canada. i-Plexus is selected as the
solution's Claim Processing, Payment Remittance & Insurance Elegibility Service.


Visions Home Health (www.ast-visions.com ) Casselberry, Florida is a
comprehensive software package that is created for, and affordable to, all home
healthcare agencies. VISIONS Home Health performs most of the major functions
associated with home healthcare administration with ease. From clinical,
scheduling, billing, and payroll. i-Plexus is selected as the solution's Claim
Processing, Payment Remittance & Insurance Elegibility Service.


About Open EC Technologies 

Open EC is a TSX Venture Exchange listed company. Its, iPlexus Solutions
subsidiary (www.iPlexus.net ) provides a subscription and transaction based
solution for US HealthCare Providers to process their Medical Claims, Payment
Remittance and Insurance Eligibility with over 1,500 HealthCare Insurance
Carriers. Open EC's SoftCare EC Solutions Inc. subsidiary is an e-business
software, services and solution provider. SoftCare's OpenEC(R) TradeLink
e-business software includes solutions for Electronic Data Interchange (EDI),
Healthcare Interoperability and Business Process Management. The Company sells
the OpenEC(R) products, solutions and transaction processing services to the
healthcare, financial services and retail supply chain in North America. The
company has a growing focus on turnkey solutions for US Healthcare Information
Technology Reforms funded by the US Federal Government ARRA programs for
Healthcare IT Interoperable mandates. Additional product and solution
information is available on the web at www.SoftcareHealthcare.com and
www.softcare.com and www.iplexus.net. Additional public company information is
available on the web at www.openec.com. The Company's common shares trade on the
TSX Venture Exchange under the symbol: OCE.


ON BEHALF OF THE BOARD

Martyn A. Armstrong, President and CEO

Further information about the Company can be found on SEDAR (www.sedar.com) or
by contacting Mr. Martyn A. Armstrong, President & CEO of the Company 


This news release may contain forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those currently
anticipated in such statements.

Open EC Technologies (TSXV:OCE)
Historical Stock Chart
From Oct 2024 to Nov 2024

Open EC Technologies (TSXV:OCE)
Historical Stock Chart
From Nov 2023 to Nov 2024