MedeFile Announces Record Revenues

BOCA RATON, Fla., Nov. 16, 2010  /PRNewswire-FirstCall/ -- MedeFile International, Inc. (OTC Bulletin Board: MDFI), a leader in portable electronic medical records management, announced today that the company posted unprecedented record revenues for the third quarter 2010.  Revenues and memberships are at an all time high.  Year over year, MedeFile realized an increase in revenues of over 750%.   MedeFile also realized an increase of approximately 950% revenue growth quarter over quarter.  In the third quarter of 2010 alone, MedeFile's revenue was nearly triple the annual sales for all of 2009.

Kevin Hauser, Chairman and Chief Executive Officer of MedeFile International, Inc. commented, "We are extremely pleased to report significantly improved upward momentum in our business throughout the third quarter, with record highs in revenues and in quantity of memberships sold. Our performance this quarter has been favorably impacted by several new marketing initiatives that were launched in July 2010.

We continue to expand the business in the United States and are also very excited to be discussing numerous prospects overseas.  We will continue to explore each and every possibility that we believe will increase revenue, client base and ultimately shareholder value.  As such, we are looking forward to offering our system and services in a variety of translated languages in the fourth quarter 2010.  We believe this will enable us to take hold of a lucrative market both in the United States and abroad.  

"It is very rewarding to have reported record revenues in what was my first quarter as CEO of MedeFile. We are very optimistic that MedeFile's team and existing infrastructure position us to take advantage of upcoming opportunities to increase our market share and continue to show consistent future growth."

About MedeFile International, Inc.

Headquartered in South Florida, MedeFile has a proprietary system for gathering and digitizing medical records so that individuals can have a comprehensive record of all of their medical visits.  MedeFile's primary product is the MedeFile system, a highly secure system for gathering and maintaining medical records. The MedeFile system is designed to gather all of its members' actual medical records and create a single, comprehensive medical record that is accessible 24 hours a day, seven days a week. For more information about MedeFile and its annual subscription-based programs, please visit www.medefile.com.

Safe Harbor Statement Under the Private Securities Litigation Act of 1995

With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of MedeFile could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the Company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates, and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, and such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.

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SOURCE MedeFile International, Inc.