To provide you with an update, MedeFile is making strong progress on numerous fronts. The relationships that they are building and the major wholesale opportunities they are pursuing are expected to culminate in rapid member growth, which will, in turn, yield greater recurring revenues, positive cash flow and profitability. Despite still being a relatively small company, MedeFile is confident -- and numerous industry experts are agreeing -- that their PHR solution is the best, most highly differentiated PHR on the market. This gives MedeFile an important edge and one that they are working around the clock to fully optimize.
MedeFile endeavors to keep all its shareholders well informed through its SEC filings and the use of press releases and its new online Investor Information Center. Moreover, MedeFile's CEO also publishes a popular industry blog, which provides great insight into management's vision for the Company and the dynamics impacting is industry. And, finally, MedeFile has also adopted the use of Facebook as a means to more proactively interact with its members and shareholders. MedeFile and its management team remain squarely focused on building the Company and executing its business plan. As they achieve key milestones in their plan, it’s our job to ensure that shareholders, like you, are kept well informed. You can bet that we will.
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