MedcomSoft Realigns Board and Appoints Special Executive Committee



    TORONTO, Jan. 3 /CNW/ - MedcomSoft Inc. (TSX:MSF) (the "Company") today
announced changes to the composition and structure of its board of directors
resulting from the first phase of an independent strategic review of the
Company conducted by Dr. Steven Small of Capital Partners Corporation and
former healthcare investment banker Robert Wilson, a Senior Research Director
of the Florida Institute for Human and Machine Cognition.
    As a result of this review, the board of directors of the Company,
working together with the Company's senior management, has agreed to the
following changes:

    
    (1) the appointment of a new board of directors,
    (2) the appointment of Dr. Steven Small as Chairman of the board, and
    (3) the appointment of a Special Executive Committee, to be chaired by
        Dr. Small, with the mandate to lead the necessary changes within the
        Company including the search for a new US-based Chief Executive
        Officer.
    

    Effective January 2, 2008, the board accepted the resignations of Peter
Langer, Dr. Peter Aldor, Dr. Ross Black and Dr. Thomas A. Riemenschneider.
Dr. Black and Dr. Riemenschneider will remain available to the Company as
medical advisors. The board extends its thanks to the retiring directors.
    In place of the retiring directors, Dr. Steven Small, Mr. John Gillberry
and Mr. Ray Simonson have been appointed to the board. Additional Board
members are under consideration. The Special Executive Committee will
initially be comprised of Dr. Small and Mr. Gillberry and will be supported by
Mr. Robert Wilson as external advisor. (Please refer to MedcomSoft's website
at www.medcomsoft.com for detailed biographies).
    Dr. Sami Aita, MedcomSoft's founder who has served as Chairman and CEO
from the inception of the Company, noted, "I am very pleased with this
evolution and I look forward to focusing my skills toward ensuring that our
product maintains its position as the finest EMR solution for the healthcare
industry."

    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 yearend report in the Ambulatory EMR 1-5 Physicians
category and has also received a 5-STAR rating from the AC Group Inc. 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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