MedcomSoft Announces Proposed Brokered Private Placement



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/

    TORONTO, Jan. 31 /CNW/ - MedcomSoft Inc. (TSX - MSF) today announced that
it has entered into an agreement pursuant to which Paradigm Capital Inc. will
act as agent in connection with an equity private placement of up to
10,720,000 common shares at a price of $0.125 per share to raise gross
proceeds of up to $1,340,000.
    The private placement is subject to certain conditions, including, but
not limited to, satisfactory due diligence, the execution of an agency
agreement, the execution of subscription agreements with the subscribers and
the receipt of all necessary regulatory approvals. The private placement is
expected to close on or about February 7, 2008. The common shares issued in
connection with the private placement will be subject to a 4-month hold
period.
    The net proceeds of the brokered private placement will be used for
working capital and general corporate purposes.
    The news release is not for distribution to United States newswire
services or for dissemination in the United States. The securities offered
have not been registered under the United States Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.

    About MedcomSoft Inc.:

    Founded in 1994, MedcomSoft Inc. develops cutting edge software solutions
for the healthcare industry. MedcomSoft has pioneered the use of numerically
codified point-of-care clinical terminologies to create a new generation of
highly interoperable EHRs, which significantly enhance disease surveillance
and accelerate clinical research. MedcomSoft is the recipient of the "Best of
KLAS" award in 2007 year-end report in the Ambulatory EMR 1-5 Physicians
category. In addition a MedcomSoft practice was recently awarded the
prestigious 2007 HIMSS Davies Award. www.medcomsoft.com.

    This news release contains forward-looking statements regarding
MedcomSoft's expectations and beliefs with respect to future events and/or
financial performance. These forward-looking statements involve known and
unknown risks, uncertainties and other factors, which may cause the actual
events or results to differ materially from those expressed or implied in such
forward looking statements. Such factors and risks include, but are not
limited to, market conditions, competition including price and product
functionality; economic environment; and the ability to develop and deliver
new products in a timely manner. The reader is referred to the documents that
the Company files from time to time with applicable Canadian securities and
regulatory authorities for a discussion on certain risks and uncertainties
that could cause actual results to differ from those projected, anticipated or
implied. MedcomSoft does not undertake to update forward-looking statements.

    %SEDAR: 00010549E




For further information:

For further information: Steven Small, MedcomSoft Inc., Phone: (877)
673-0101, Fax: (416) 443-9693, www.medcomsoft.com

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MEDCOMSOFT INC.

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