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MTBC Finance Honored With 2015 ICAP-CFO Professional Excellence Award

SOMERSET, N.J., March 23, 2015 (GLOBE NEWSWIRE) -- MTBC (Nasdaq:MTBC), a leading provider of proprietary, web-based electronic health records, practice management and mHealth solutions, today announced that its finance team received the 2015 Professional Excellence Award from the Institute of Chartered Accountants of Pakistan ("ICAP").

This prestigious recognition is bestowed upon Chartered Accounts who have a proven track record of outstanding performance and excellence in their fields. ICAP presented the award to the MTBC Finance team at the CFO Conference in Karachi, Pakistan, on March 17, 2015 for their exemplary performance in completing an initial public offering for MTBC in July 2014.

"I am privileged to have a world class finance and accounting team in Pakistan," said Bill Korn, MTBC Chief Financial Officer. He added, "The team successfully completed the audit of our core business, plus a company we acquired in 2013 and three pending acquisitions, working directly with each company and outside auditors to allow us to complete the IPO."

MTBC's Chief Accounting Officer, Muneeb Mufti, qualified Chartered Accountant, was presented with this award on behalf of the team. His team consists of 6 fully qualified Chartered Accountants and 11 finalists as well as over 50 accounting and finance professionals who are responsible for accounting for MTBC's global operations.

MTBC President Stephen Snyder said, "Our entire organization is proud of our Finance team receiving this award and the recognition they deserved for their dedication and hard work." He added, "MTBC is pleased to obtain this acknowledgment from ICAP and will continue to strive for excellence in all of its future endeavors."

In addition to receiving the award, MTBC Finance team prepared and presented an overview of their experience with the IPO process. This presentation will be made available on the ICAP website, http://icapcfoconference.com.

MTBC Finance team has laid the foundation for further acquisitions, continued growth, and continuous compliance with the demands of being a U.S. public company.

About MTBC (Nasdaq:MTBC)

MTBC (Medical Transcription Billing, Corp.) is a healthcare information technology company that provides a fully integrated suite of proprietary web-based solutions, together with related business services, to healthcare providers practicing in ambulatory care settings. For additional information, please visit MTBC website at www.mtbc.com.

CONTACT: Investor Contact: Bill Korn, Chief Financial Officer Medical Transcription Billing, Corp. bkorn@mtbc.com 732-873-5133

Source: MTBC