OCE Open EC Technologies

Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE)
reported today the financial and operating results for the quarter ended
September 30, 2010.


The revenues for the quarter were $203,085 with an EBITDA of ($70,161) as
compared with revenues of $293,257 and an EBITDA of $7,613 last year. 


The company's available cash, cash equivalents and short term investments at
September 30, 2010 was $343,055, decreased from the June 30, 2010 balance of
$465,742 and the company's liabilities increased to $307,121 at September 30,
2010 from $264,250 at June 30, 2010. The company's accounts receivable increased
to $190,015 at September 30, 2010 from $88,362 at June 30, 2010. In addition
there is $72,620 of contracts invoiced but not yet earned and thus not yet
included in accounts receivable.


Martyn Armstrong CEO states: "The Company is continuing its transition into the
US Healthcare IT market with increased sales activities and recently announced
agreements including NetCare Administrators (Oct 28, 2010) a 600 Doctor
Preferred Provider Association and Londale Enterprise (Nov 16, 2010 ) a
HealthCare Supplies Manufacturer. With these and other pending contracts the
Company should continue to see improving sales and revenue development. The
Company has substantially improved its 2011 Q1 revenue compared to the 2010 Q4
and 2010 Q3 results, with increased Software Licensing and related professional
services" 


The reported net loss for the quarter ended September 30, 2010 was $92,432,
compared to $15,005 last year. The increase in loss was due to the decrease in
revenue from software development services.


Mr. Armstrong continues: "The Company's US HealthCare initiatives have
progressed with an announcement (Oct. 13, 2010) of a letter of intent to acquire
i-Plexus Solutions in San Antonio Texas. i-Plexus will add a substantial
recurring revenue stream to the Open EC business by adding over 5,400 Physicians
under contract to provide recurring HealthCare claims processing with over 1,500
Insurance companies in the United States. Open EC expects to close the
transaction and start consolidated financial reporting in January 2011." 


The comparative financial statements for the quarter ended September 30, 2010,
along with other information, may be obtained through the Company's website at
www.openec.com or on SEDAR at www.sedar.com.


About Open EC Technologies, Inc. 

Open EC is a TSX Venture Exchange listed company. Its subsidiary, SoftCare EC
Solutions Inc. is an e-business software, services and solution provider.
SoftCare's OpenEC(R) e-business software includes solutions for Electronic Data
Interchange (EDI), Healthcare Interoperability and Business Process Management.
The Company sells the OpenEC(R) products and solutions to the healthcare,
financial services and retail supply chain in North America. The company has a
growing focus on turnkey solutions for US Healthcare Information Technology
Reforms funded by the US Federal Government ARRA programs for Healthcare IT
Interoperable mandates. Additional product and solution information is available
on the web at www.softcare.com and additional public company information is
available on the web at www.openec.com. The Company's common shares trade on the
TSX Venture Exchange under the symbol: OCE.


ON BEHALF OF THE BOARD

Martyn A. Armstrong, President and CEO

This news release may contain forward-looking statements within the meaning of
The Private Securities Litigation Reform Act of 1995. Forward-looking statements
address future events and conditions and therefore, involve inherent risks and
uncertainties. Actual results may differ materially from those currently
anticipated in such statements.

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