TACOMA, Wash. — HIMC Corporation (OTC:HMCO), whose wholly-owned subsidiary is ITI Internet Services Inc. (”ITI”), today announced the launch of MedCoPay(TM), an electronic payment service which enables medical professionals to seamlessly process the co-payments for office visits or medical prescriptions of their patients.

MedCoPay(TM) interfaces with the medical billing software used by a wide range of healthcare organizations and inexpensively transfers the co-pay amount directly from the patients’ bank account into the medical office’s bank account through the automated clearing house (ACH) network. Through MedCoPay(TM)’s technology, patients are authenticated using the company’s PersonaGUARD(R) biometric finger scanning hardware and software, which is included in the offering. The transfer of information is initiated at the healthcare providers office and takes approximately five seconds to process. Full accounting is provided by online reports or custom reports that can be easily imported into an existing accounting system.

“MedCoPay(TM) is the first in a series of strategic product lines we will launch aimed at capturing sectors of the payment industry that traditionally have been poorly served,” commented A.J. McCann, HIMC Corporation’s CEO. Health insurance and medical billing usually requires a co-payment. With MedCoPay(TM), doctors, dentists, pharmacists, chiropractors, hospitals and other health care professionals can minimize collection problems and reduce costs by eliminating the need for pricey credit card and check processing. The cost of sending out invoices and processing of incoming payments is also drastically reduced. Additionally, it eliminates security and ‘change’ issues related to cash payments.

“The health care industry is constantly looking for ways of increasing cash flow and reducing processing time spent on traditional billing procedures. MedCoPay(TM) fits those needs,” continued McCann. “It also allows healthcare providers to become HIPAA compliant with one plug and play solution. With our biometric scanning technology, there is no possibility of insurance fraud, because the provider always knows they are talking to the right person,” added McCann.

Patient enrollment with MedCoPay(TM) is free and takes place at the medical office or online. The new patient information is stored in a secure Web form and an identification number (ID) is instantly issued to the patient. This ID number can be presented at any medical office using MedCoPay(TM). The system also enables medical offices to perform global searches in order to retrieve a forgotten ID number.