NEAA Venture Research Issues Initiation Report on MedeFile International, Inc.

HOUSTON -- NEAA Venture Research, LLC has initiated research coverage on MedeFile International, Inc. (OTC QB: MDFI.PK). MedeFile International, Inc. has developed a proprietary, patient-centric, Internet-enabled Personal Health Record (iPHR) system for gathering, digitizing, maintaining, accessing and sharing an individual's actual medical records. Clay Mahaffey, CFA said, "The personal health records business is growing rapidly according to recent consumer surveys. The iPHR products provide healthcare providers with the ability to reference their patients' actual past medical records, thereby helping to ensure the most accurate treatment and services possible while simultaneously reducing redundant procedures. Over two hundred million people have health records that are managed as they have been for years. The new technology could revolutionize the industry and it is quite possible that these products will become widely available over the next few years. Possible catalysts for a share price increase are increased awareness of their products and announcements of significant product sales and partnerships."

The free research report can be viewed at: http://neaaventure.com/wp-content/uploads/2011/07/MDFI_Initiation_11.pdf

About NEAA Venture Research, LLC

NEAA Venture Research, LLC is an equity research company targeting selected smaller capitalization companies that we believe have growth potential but typically lack broker-dealer research coverage. Research services are provided on a subscription basis for institutional investors, broker-dealers, registered advisors and other investors. Research products include the VR 150 Index which is an index of 150 companies with market capitalization between $50 and $150 million, and the Micro Dynamic Portfolio which is a portfolio of twenty microcap companies.

Disclaimer

Please read important disclosure in each report. NEAA Venture Research LLC received five million shares of restricted shares of MedeFile International from the subject company for equity research coverage for twelve months. The information and material in the report are being provided for informational purposes only, and are not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument or to adopt a particular investment strategy. Investors must make their own decisions regarding any securities or financial instruments mentioned in the report, and must not rely upon the report in evaluating the merits of investing in any instruments or pursuing investment strategies described in the report. Such information and the opinions expressed are subject to change without notice. In no event shall NEAA Venture Research LLC or its affiliates be liable for any use by any party of, for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained in the report.