Open EC Subsidiary Closes a $700,000 Financing and Completes the Acquisition of i-Plexus Solutions, Inc.

Open EC Technologies, Inc. ("Open EC" or the "Company") (TSX VENTURE:OCE) is
pleased to announce that it has completed $700,000 financing funded by an
insider backed debenture in order to close an acquisition by its wholly owned
subsidiary, SoftCare Electronic Commerce (U.S.A.) Inc., of all the outstanding
shares of i-Plexus Solutions, Inc. ("i-Plexus") located in San Antonio, Texas on
March 31, 2011.


The $700,000 debenture has a 3 year term and an annual interest rate of 18%
which is discounted to 10% on early repayment. Security is provided as a first
registered position over all the assets of the Company and its subsidiaries. 40%
warrant coverage is provided using an $.08 share price for a total of 3,500,000
warrants. They have a 3 year term and an exercise price of $.10. 


i-Plexus provides internet based medical claims clearinghouse and billing
service solutions to HealthCare Providers, providing ongoing recurring medical
claims transaction services to approximately 5,500 doctors in 1,000 healthcare
delivery organizations throughout the US. With over 1,500 Insurance payers'
connections, one of the highest insurance claim document acceptance rates in the
industry, value based pricing and high customer retention; i-Plexus has created
a very competitive and compelling business model for medical claim transaction
processing. The company's recurring subscription and transaction revenue growth
over the last 5 years has averaged approximately 42% annually and it has been
generating growing positive cash flow. 


Open EC's US-based subsidiary has acquired 100% of i-Plexus for a purchase price
of US $1,412,500. The purchase price includes $800,000 in cash; $400,000 in
vendor take back debt; 750,000 Open EC trading escrow shares with a deemed price
of $0.15 per share; 1,500,000 Open EC warrants with an exercise price of Cdn
$0.18 per share and a five year term; and $100,000 to be earned out if certain
conditions are met over time.


The acquisition has had approval by the Open EC Board Of Directors and the TSX
Venture Exchange. The terms of the debenture financing are subject TSX Venture
Exchange approval.


About i-Plexus Solutions, Inc.

i-Plexus (www.iplexus.net) is a modern technology enabled healthcare transaction
management company that was formed in 2003 to fill the void that is being
created by out-dated clearinghouses, claim editing products and billing
services. i-Plexus' mission is to pioneer feature and service rich transaction
and receivables management solutions to the healthcare industry. i-Plexus
connects to over 1,200 Health Insurance Payers throughout the United States to
provide their customers one of the highest payer "insurance claim acceptance
rates" in the industry. i-Plexus Solutions assist Healthcare Providers to
improve their profitability through incremental and measured improvements in
reimbursement and staff productivity. i-Plexus Solutions offers transaction
services for electronic medical claims, remittances, eligibility, claim status,
patient statements and medical billing services at some of the best rates in the
business.


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) TradeLink 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.SoftCareHealthcare.com and
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

Further information about the Company can be found on SEDAR (www.sedar.com).

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.

Open EC Technologies (TSXV:OCE)
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