MedeFile International, Inc.

MedeFile International, Inc. a company specializing in portable electronic medical records management solutions, today announced that the Company received total net proceeds of $1.95 million from three separate private placement transactions. In addition, MedeFile reported that the Company's largest stockholder and primary creditor has converted $2.1 million in debt into 14 million restricted shares of MedeFile's common stock, thereby reducing the Company's indebtedness to the stockholder from approximately $3.04 million to approximately $940,000.