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MedeFile Materially Strengthens Balance Sheet Through Equity Financing and Debt Conversion Totaling $4 Million
Date:1/29/2008

he SEC on January 24, 2008.

Milton Hauser, Chairman and CEO of MedeFile, stated, "Collectively, these debt conversion and equity transactions have served to materially strengthen our balance sheet, while providing us with additional working capital to help fund our strategic organic growth. This financing and debt conversion will enable management to further its current sales and marketing initiatives aimed at increasing the number of subscribers to the MedeFile system. We look forward to keeping our shareholders up-to-date on our achievements now and in the future."

The securities offered by MedeFile have not been registered under the Securities Act of 1922 or any state securities laws. Therefore, such securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act of 1933 and any applicable state securities laws. This press release does not constitute an offer to purchase any securities of a solicitation of an offer to sell any securities.

About MedeFile International, Inc.

MedeFile has developed a proprietary system for gathering and digitizing medical records so that individuals can have access to a comprehensive set of their medical records. 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 resource that is accessible 24 hours a day, seven days a week.

Representing an advanced, yet easy-to-use, approach to portable, electronic medical records management, MedeFile combines state-of-the-art technology and the Internet to make medical data instantly accessible to each MedeFile subscriber and his or her authorized healthcare providers from anywhere in the world. In addition to accessing one's medical records through MedeFile's secure Internet portal found at '/>"/>

SOURCE MedeFile International, Inc.
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