Tim Kowalski Appointed Chief Executive Officer of Halfpenny Technologies

Tim Kowalski, former Chief Operating Officer of Portico Systems, Inc., has been appointed President and CEO of Halfpenny Technologies.

BLUE BELL, Pa., January 23, 2012—Halfpenny Technologies, Inc., a leading provider of clinical data exchange solutions, announced today that Tim Kowalski has joined the company as President and Chief Executive Officer, effective January 16, 2012. Kowalski replaces former Chief Executive Officer Jerry Baker. In addition to his role as CEO, Kowalski will also serve on Halfpenny's Board of Directors.

"Tim's proven success within physician/payor markets and business process outsourcing makes him the perfect choice to lead Halfpenny as it expands its addressable markets," said Charles Halfpenny, Founder and Chief Technology Officer of Halfpenny Technologies. "Moving forward, Halfpenny will continue to be the technology and solutions leader for EHR-lab connectivity while aggressively pursuing complimentary payor, health information exchange and emerging risk sharing markets."

"The Board of Directors is pleased to have someone with Tim's extensive sales, technical and operational background assume the leadership role at Halfpenny," said Robert Adelson, Managing Partner of Osage Venture Partners. "We believe that Halfpenny is well positioned to become the premier national provider of laboratory and related clinical data exchange solutions."

Most recently, Kowalski was Chief Operating Officer for Portico Systems, Inc., a company acquired by McKesson in 2011 that operates within the ambulatory physician and payor markets. Prior to Portico, Kowalski held the role of President and COO Marketing and Technology Solutions at ICT Group, a large business process outsourcing company, and was in technology leadership roles for Independence Blue Cross and Computer Sciences Corporation.

About Halfpenny Technologies, Inc.
Halfpenny Technologies is a leading provider of clinical data exchange solutions, enabling hospitals and laboratories to integrate with disparate physician EHR systems. Halfpenny's SaaS-based ITF-Hub provides a reliable, secure platform to exchange clinical, financial and administrative data while reducing complexity and costs. Additionally, consolidated streams of LOINC mapped data can be routed to constituents for other initiatives, including HIE, ACO, HEDIS, PQRI and health plan reporting. ITF-Portal is a Web-based order entry and results reporting system to rapidly search and retrieve various clinical reports. ITF-GoDoc is a mobile application to access laboratory, pathology, radiology and other clinical results reports securely. ITF-GoDoc MobileOE is a mobile CPOE system for secure billing information, ask-at-order entry questions, specimen types and medical necessity compliance. Halfpenny is venture backed by Milestone Venture Partners of New York and Osage Venture Partners of Pennsylvania. To learn more, call 855-277-9100 or visit www.halfpenny.com.

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