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Media Release -- April 5, 2007

E-COMMERCE HITS $100 MILLION ON ORMED X

EDMONTON, CANADA:  E-commerce volume through Ormed Information Systems’ ORMED X B2B Internet portal hit $100 million today, doubling in one year, and triggering calls for hospitals across Canada and the US to embrace the full potential of the Internet to reduce healthcare costs and improve patient care and outcomes.

ORMED X is a secure online business community where healthcare buyers and merchants conduct e-commerce in real-time. Easy-to-use technology that streamlines business process, ORMED X is the flagship product in Ormed’s E-Commerce suite, which also includes the newly released ORMED X Easy Pay system that automates invoice reconciliation and payment.

“We’re delighted to have reached this milestone,” said Ormed president and CEO Chris Sherback during a ceremony marking the occasion. “It reflects increasing recognition by our hospitals and other healthcare providers that e-commerce is a supply chain management best practice, but we’ve only just scratched the surface in terms of its potential to dramatically reduce healthcare costs and improve patient outcomes across North America and around the world.

“All of healthcare is looking for ways to better manage expenses,” he continued. “Because e-commerce is so much easier and faster than the old, paper-heavy ways of doing business – all the different documents you needed, and the fax – ORMED X eliminates all that duplication and delay to streamline business process and increase staff productivity across the entire supply chain, from source to settlement. This can have a profound impact on patient care and outcomes by ensuring equipment and supplies are available where and when needed, at a cost that makes the most effective use of the hospital’s shrinking budget.”

Hospitals and merchants may register for e-commerce through ORMED X regardless of whether they use other Ormed software solutions. Click here to register.

About Ormed Information Systems Ltd. (www.ormed.com)

Smart business starts with smart MIS software and e-commerce. Fully integrated finance, supply chain, business intelligence, HR, payroll, and e-commerce software automate and streamline business process to significantly increase healthcare efficiency and profitability.  Proven effective in hundreds of challenging hospitals, long-term care facilities, and regions, fully automated and integrated ORMED MIS software with built-in e-commerce through the ORMED X B2B Internet portal and ORMED X Easy Pay program makes Ormed the largest Canadian supplier to Canadian healthcare facilities, with more than 350 healthcare clients in North America.

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Media Contact:

Pam Patten
Corporate Communications
Ormed Information Systems Ltd.
780.482.7200 (ext 225)

pam_patten@ormed.com

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