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OCE Open EC Technologies

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Share Name Share Symbol Market Type
Open EC Technologies TSXV:OCE TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Open EC Technologies, Inc. Announces Revenue & Technology Partnership with PracticeSuite Inc.

31/01/2012 1:01pm

Marketwired Canada


Open EC Technologies, Inc ("Open EC") (TSX VENTURE:OCE) subsidiary iPlexus
Solutions Inc. ("iPlexus") is pleased to announce a strategic partner revenue
agreement with PracticeSuite Inc. ("PracticeSuite") based in Silicon Valley,
California. Under this agreement PracticeSuite will offer the iPlexus Claims
Processing, Eligibility and Patient Statements Software Solutions through their
sales network across the United States. The integrated solution will be
implemented by PracticeSuite to further enhance their market leading Practice
Solutions Software.


PracticeSuite is a Cloud based software company which offers a comprehensive
suite of HealthCare Practice Scheduling, Medical Billing and Electronic Health
Record solutions to medical billing companies, value added resellers, physicians
and allied healthcare professionals in private practices across 32 specialties
in over 30 states. 


Vinod Nair, CEO of PracticeSuite states "We are very excited with this new
relationship with iPlexus. This will enable us to offer better clearing house
choices with improved technology, competitive pricing to our clients."


William Dagher, President SoftCare/iPlexus states "We are pleased to add
PracticeSuite as a strategic revenue partner, a fast growing cloud based Patient
Management, Medical Billing and Electronic Health Record software company. We
are looking forward to integrating our offering into the PracticeSuite Solutions
creating the first combined cloud based offering for both the clearinghouse and
practice management solutions."


About PracticeSuite, Inc. 

Based in Silicon Valley in California, PracticeSuite, Inc. is a fast growing
cloud based, leading technology company with a full suite of practice solution
of practice management, medical billing software and ONC certified EHR solution.
PracticeSuite leaders are committed and passionate in addressing the larger
issues surrounding private practices in our healthcare system. Driven by the
vision to create a simple solution for complex problems, PracticeSuite leaders
and its team work closely with their channel partners and end-users to
constantly improve its system. Further information about PracticeSuite can be
found at www.practicesuite.com.


About Open EC Technologies, Inc. 

Open EC Technologies, Inc. is an e-Business Information Technology company with
our corporate head office, marketing and development in Vancouver, BC, main
HealthCare IT Solutions Operations office in San Antonio, Texas and Medical
Practise Billing Operations office in Spring Hill, Florida. The company has
software development and data center hosting operations in Maine, with Sales and
Executive Management staff in Atlanta, Georgia. 


The Company's focus is to provide software solutions and transaction processing
services to assist Physicians, Hospitals, Health Plans, Insurance Brokers and
State Governments to exchange information for HIPAA EDI Health Plan Enrolment,
Health Insurance Eligibility, Health Insurance Claims, Claim Payments and
HealthCare Provider Collaboration of supporting patient referral and industry
compliance/reporting documentation.


Additional product and solution information is available on the web at
www.SoftCareHealthcare.com, www.iPlexus.net and www.softcare.com and 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.


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