Open EC Technologies, Inc. Reports Fiscal Quarter Ended September 30, 2011 Results With 196% Increase in Revenue

Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE)
reported today the financial and operating results for the quarter ended
September 30, 2011.


Highlights for the Quarter Ended September 30, 2011

Highlights of the performance during the quarter ended September 30, 2011 (Q1
2012) as compared to last year Q1 2011 quarter ended September 30, 2011 are as
follows:




--  The Company increased Q1 revenues 196% to $601,508 for the quarter as
    compared to Q1 2011 revenues of $203,085. 
--  The EBITDA was ($76,691) for the quarter, compared to the EBITDA of
    ($70,161) last year Q1 2011. 
--  Of the total revenue, 82% was Recurring Revenue, an increase of 696%
    over last year. 
--  Of the total revenue, 10% was Software License revenue, a decrease of
    13% over last year. 
--  Of the total revenue 8% was Professional Services revenue, a decrease of
    31% over last year. 
--  Gross Profit increased 242% to $387,933 compared to last year of
    $113,284. 
--  The company's assets increased 2% to $2,404,765 compared to last year
    end of $2,366,050 
--  The Company continued to develop its business in the US health-care
    sector by increasing its HealthCare recurring revenue to approximately
    69% of total revenue in the quarter.



Martyn Armstrong, CEO of Open EC States, "We are very pleased with our overall
Q1 Financial Results and in particular our strong growth in recurring
subscription revenue contribution from our HealthCare EDI Claims Processing
business. With the addition of several new HealthCare Billing Service customers,
we expect to continue to see strong growth in our recurring revenue business
going forward. In addition we have experienced a marked increase in new business
opportunities driven by the US Government HealthCare reform mandate for industry
adoption of the new HIPAA 5010 EDI Standards and ICD10 Medical Billing Coding
standards. We are looking forward to more positive financial results in the US
HealthCare sector as we continue to execute our aggressive business expansion
strategy".


The revenues for the quarter were $601,508 with an EBITDA of ($76,691) as
compared with revenues of $203,085, an increase of 196%, and an EBITDA of
($70,161), an increase in loss of 9% over last year. 


The reported net loss for the quarter ended September 30, 2011 was $213,875,
compared to $92,432 last year, an increase of 131%. The increase in loss was
primarily due to the increase in amortization of intangible assets and interest
costs as a result of financing the purchase of i-Plexus and increase in general
and administrative expenses.


The company's available cash and short term investments at September 30, 2011
was $465,422, a slight increase from the June 30, 2011 balance of $447,385. The
company's accounts receivable of $303,757 as at September 30, 2011 was about the
same as $307,765 at June 30, 2011. The company's total liabilities decreased to
$1,513,401 as at September 30, 2011 from $1,554,154 at June 30, 2011. Total
working capital (total current assets less total current liabilities) as at
September 30, 2011 improved by 29% to ($203,003) from ($283,983) as at June 30,
2011.


The Company continued to develop its business in the US health-care sector and
is rapidly increasing its recurring revenue. The Company has over 5,500 US
Medical Physician and Billing Service customers under subscription revenue
agreements which has materially increased Open EC's share of the HealthCare EDI
and Revenue Cycle Management market in the United States.


The comparative financial statements for the quarter ended September 30, 2011,
along with other information, may be obtained through the Company's website at
www.openec.com or on SEDAR at www.sedar.com.


About Open EC Technologies, Inc. 

Open EC Technologies 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).

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.