iMedicor & Patient Access Form Strategic Alliance

HAUPPAUGE, NY -- 08/16/10 --Patient Access Solutions, Inc. (PINKSHEETS: PASO), a leading provider of information technology solutions for the healthcare industry announced today a partnership withiMedicor (OTCBB: VMCI). The partnership will provide a complementary synergy of combined products and services that will enable enhanced information exchange capabilities by integrating the iMedicor portal with Patient Access Solution's digital pen technology for the home healthcare industry and robust HIPAA transaction processing and reporting platform. In addition, Patient Access Solution's 4000+ users will have access to iMedicor's ClearLobby platform that will provide informative, product specific content on new drugs and medical devices enabling users to directly communicate electronically with the manufacturers to order samples, ask questions and set up onsite meetings. ClearLobby establishes an additional revenue driver and value added solution to users by providing access to the recently announced National health information exchange and the National Healthcare Communications Network (NHCN).

Both companies are pleased to announce the Alliance's first opportunity, a 5,000 member healthcare provider group, has entered its implementation phase and scheduled to be live by Q4, 2010. Conservative projections estimate recurring gross annual revenue of over $1,000,000 throughout the PASO user base.

iMedicor's pharma marketing platform, "ClearLobby," offers the first of its kind physician / pharma electronic communication system resulting in interactions that are much more meaningful and efficient. ClearLobby changes the dynamic of these relationships by placing control squarely in the hands of the physician. At the same time, the interaction between the physician and the pharma becomes more cost effective because ClearLobby is able to distribute critical product information and samples directly to the targeted user base.

"We are excited about the strategic partnership we have developed with iMedicor. Their ClearLobby solution interfaced with our technology will provide the healthcare industry with a secure, robust, dynamic information and messaging platform. Being able to develop a mutually beneficial recurring revenue business model creates a win-win for both organizations," said CEO Bruce Weitzberg.

"This alliance is another major step in launching our National Health Information Exchange and will go a long way in supporting and making a reality of the National Healthcare Communication Network," said Fred Zolla, iMedicor's CEO. "This is a great opportunity for two up and coming companies."

http://www.earthtimes.org/articles/press/form-strategic-alliance,1423594.html