MDWK MDWerks Inc (QB)

MDwerks, Inc. (OTCBB: MDWK), a provider of innovative web-based, electronic claims management and funding solutions for healthcare professionals, announced today that it has signed a letter of intent (�LOI�) to enter into a joint venture with Automated HealthCare Solutions, Inc. (�AHCS�), a company that specializes in purchasing workers compensation pharmaceutical claims. The LOI contemplates that MDwerks and AHCS will form a newly established company (�New Company�) that will facilitate the financing, billing, and collection of pharmaceutical prescriptions for personal injuries (�PI Pharma Claims�) across the country. Subject to the terms of definitive agreements to be negotiated by and between MDwerks and AHCS, MDwerks and AHCS will contribute their respective technology and claim management expertise to develop a national PI Pharma Claims Program. Both companies currently process PI Pharma Claims and will jointly seek to grow a customer base of large medical practices for the New Company. It is also contemplated that MDwerks� subsidiary, Xeni Financial Services, Corp., will provide necessary funding for the New Company�s PI Pharma Claims Program. The funding will supply the New Company with working capital for the purchase of PI Pharma Claims. Profits from the joint venture will be equally shared by both companies. Howard Katz, CEO, MDwerks, Inc., stated, �We are very excited about the recently signed agreement with AHCS. As MDwerks grows, we continue to develop lasting industry relationships that introduce the Company to new markets. Together with AHCS, our PI Pharma management solutions will produce high level, clean claims, which translate to fast processing and claim collections. In addition to offering superior claims management solutions through the New Company, we will continue to provide viable funding solutions that address the unique capital needs of our healthcare clients.� 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. About Automated HealthCare Solutions Automated HealthCare Solutions, Inc., based in Miramar, Florida is a company that specializes in the nationwide purchasing of workers compensation pharmaceutical claims. AHCS was founded by physicians to empower physicians with the ability to maximize profits through ancillary revenues and to create the highest level of operational efficiencies through utilization of state-of-the-art technology. For more information about AHCS, please visit www.ahcs.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.