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iMedicor Signs Master Teaming Agreement with AxSys Health Corp. to Expand its Services Available to Physicians, Hospitals and HIEs

Agreement Expands iMedicor's Business Development Opportunities, and Adds Greater Functionality for its Clients

NANUET, N.Y.-- iMedicor (OTCBB: VMCI) today announced that it has entered into a Master Teaming Agreement with AxSys Healthcare Corporation ("AxSys"). The Master Teaming Agreement enables iMedicor to market and deliver AxSys Excelicare solutions to its US clients. It also licenses iMedicor as a prime contractor to share in recurring revenue derived from participating healthcare provider and patient portals, Electronic Health Record (EHRs) "Lite" systems, and electronic data interchange solutions.

Going forward, iMedicor will combine its community-based, secure messaging platform with AxSys Excelicare's solutions to offer functionality that complies with the US federally mandated inter-operability requirements, for the adoption of EHRs, and to ensure that participating physicians are eligible for ARRA funding.

"AxSys's industry-leading integration technology brings a very unique bundle of functionality to our market," said Fred Zolla, CEO and President of iMedicor. "We look forward to working with AxSys Health to expand our business development opportunities and this partnership will play a key role in expanding iMedicor's community-based, secure messaging platform."

"The iMedicor relationship brings AxSys many exciting new strategic client opportunities. As a combined offering, iMedicor and AxSys are well positioned to compete aggressively in the North American EHR and healthcare interoperability software market," said Alan Gilbert, Vice President, Business Development, North America, of AxSys Health. "We expect a very positive response by offering our customers the combined strengths of the iMedicor and AxSys Clinical Platforms."

About AxSys Health Corporation, North America:

AxSys Health Corp. is the North American division of AxSys Technology Ltd. (UK) which was founded by physicians in 1997. Its vision is to develop innovative clinical solutions using advanced information and communication technologies to help improve healthcare delivery in a collaborative care environment. AxSys has concentrated development on a core software architecture, which is used as the basis for providing wide-ranging, patient-centered solutions to the global healthcare market. With the shift from a hospital based expert centric and in-patient delivery model to a patient centric multi-disciplinary ambulatory delivery model, AxSys recognized that conventional EHR technology had to evolve to address the emerging requirements of this distributed and collaborative care model of healthcare delivery. The main AxSys product, Excelicare, incorporates a host of interoperability capabilities together with a semantic mapping and clinical process modeling framework. This enables the Excelicare Platform to exchange data with disparate data sources and harvest clinically meaningful information from this data in order to orchestrate efficient care delivery across a community. Excelicare's unique, dynamic data-model based architecture allows AxSys to offer highly tailored solutions that reflect the complex working patterns of care providers across the healthcare spectrum, thereby leading to greater engagement with end users. Excelicare is an enterprise wide solution that addresses all aspects of clinical care management. More information on AxSys Health Corp. is available at www.axsyshealth.com

About iMedicor:

iMedicor is the only HIPAA-compliant solution for interoperable health information transfer that is offered at no cost to physicians, healthcare providers and patients. The iMedicor portal enables disparate EMR (electronic medical record) systems to communicate, collaborate and exchange records in real time; pharmaceutical companies to deliver customized educational marketing programs to more than 730,000 healthcare providers nationwide in a highly targeted, non-intrusive manner; and allows a medical practice to send and receive medical records, files and images. For more information on iMedicor visit www.imedicor.com.

The statements contained herein, other than historical information, are or may be deemed to be forward-looking statements and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks, and uncertainties include market acceptance of iMedicor’s products and services; the nonexclusive and terminable-at-will nature of certain of the company's partnerships and agreements; rapid technological change affecting demand for our products and services; competition from companies providing similar products and services, availability of sufficient financial resources to enable us to expand our operations, as well as other risks detailed from time to time in our filing s with the Securities and Exchange Commission.