MDwerks Secures Financing Commitment for up to $10,014,000 to Fund Medical Claim Purchases from a Prospective New Client

  
    
  
  
    
      MDwerks, Inc. (OTCBB: MDWK) (“the Company”), a provider of 
      innovative web-based, electronic claims management and funding solutions 
      for healthcare professionals and related businesses, and its wholly 
      owned subsidiary Xeni Financial Services, Corp. announced today that 
      they have signed a Loan and Securities Purchase Agreement with a lender 
      to provide financing with net proceeds to the Company of up to 
      approximately $10,014,000. Substantially all of the proceeds from the 
      financing will be used to purchase workers compensation pharmaceutical 
      claims under a definitive agreement currently being negotiated between 
      Xeni Financial Services, Corp. and a prospective new client.
    
    
      Complete terms and conditions of the transaction are described in the 
      SEC Form 8-K, which will be filed today.
    
    
      Howard Katz, CEO, MDwerks, Inc., who was actively involved with securing 
      the financing, stated, "We are very pleased to consummate this financing 
      transaction and are gratified by the confidence our lender has placed in 
      the future of MDwerks. This financing is an important element of our 
      business plan and provides the Company with resources needed to support 
      revenue growth.” Mr. Katz added that he and the MDwerks team were 
      continuing negotiations with the prospective new client and the Company 
      expected to finalize that agreement within the next two weeks.
    
    
      About MDwerks, Inc.
    
    
      MDwerks, Inc., (OTCBB: MDWK), based in Deerfield Beach, Florida, 
      provides healthcare professionals with automated electronic insurance 
      claims management solutions and advance funding and purchasing of 
      medical claims.
    
    
      MDwerksTM solutions comprise an innovative web-based, 
      HIPAA-compliant system of comprehensive administrative and financial 
      services designed for healthcare practices of all sizes and specialties 
      whether in a single or multi-location operation. Financial lenders, 
      healthcare payers and other related businesses also benefit from 
      MDwerks' solutions. For more information about the Company, please visit www.mdwerks.com.
    
    
      Certain statements in this news release may contain forward-looking 
      information within the meaning of Rule 175 under the Securities Act of 
      1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are 
      subject to the safe harbor created by those rules. All statements, other 
      than statements of fact, included in this release, including, without 
      limitation, statements regarding potential future plans and objectives 
      of the companies, are forward-looking statements that involve risks and 
      uncertainties. There can be no assurance that such statements will prove 
      to be accurate and actual results and future events could differ 
      materially from those anticipated in such statements. Factors that could 
      cause actual results to differ materially from those in the 
      forward-looking statements include, among other things, the following: 
      general economic and business conditions; competition; unexpected 
      changes in technologies and technological advances; ability to 
      commercialize and manufacture products; results of experimental studies; 
      research and development activities; changes in, or failure to comply 
      with, governmental regulations; and the ability to obtain adequate 
      financing in the future. This information is qualified in its entirety 
      by cautionary statements and risk factors disclosure contained in 
      certain of MDwerks' Securities and Exchange Commission filings available 
      at http://www.sec.gov.