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Codesmart Group's CODESMART(TM) UNIVERSITY Receives Endorsement From HIMSS as a Top ICD-10 Training Solution

NEW YORK, May 21, 2013 (GLOBE NEWSWIRE) -- First Independence Corp. (OTCQB:FICF), with its subsidiary, The Codesmart Group, Inc. (collectively, "CodeSmart"), a premier ICD-10 education and solutions group that offers CODESMART™ UNIVERSITY, its on-line education solution and customizable training solutions, announces today that its CODESMART™ UNIVERSITY product has received an endorsement from the Health Information and Management Systems Society (HIMSS), as the featured education solution for ICD-10 education and training solutions for the HIMSS ICD-10 playbook. The ICD-10 playbook of HIMSS is the industry's most recognized resource for the entire industry to help identify potential ICD-10 solutions for healthcare providers nationally.

"An endorsement from an organization such as HIMSS, which is a global leader in optimizing the use of information technology for the improvement of healthcare is further confirmation that CODESMART™ UNIVERSITY has taken the leadership role in preparing the medical industry for the coming ICD-10 switch," said Ira Shapiro, Chairman and CEO of CodeSmart. "Clearly the on-line accessibility of CODESMART™ UNIVERSITY, coupled with a flexible methodology allowing for every kind of learner, in every context, is supportive of HIMSS's initiative to provide best practices solutions for ICD-10, and is supportive to its membership and all other medical professionals that would benefit from the education and training."

ICD-10, or the tenth revision of the International Classification of Diseases is a World Health Organization-approved designation of the aspects of disease treatment that include categories of diseases and treatment modalities for them, broken down in to more than 141,000 designations. The previous ICD had only 17,000 codes, diagnoses and procedures. The United States is among the last countries in the world to adopt these standards, but the Department of Health and Human Services has mandated that all medical practices, hospitals and other medical record keeping organization be trained and ICD-10 compliant by October 1, 2014. This is essential as the Center for Medicare and Medicaid services will also be adopting the ICD-10 standard and will require proper medical coding in order to provide reimbursement.

HIMSS is a cause-based, not-for-profit organization exclusively focused on providing global leadership for the optimal use of information technology (IT) and management systems for the betterment of healthcare. Founded 52 years ago, HIMSS and its related organizations are headquartered in Chicago with additional offices in the United States, Europe and Asia. HIMSS represents nearly 50,000 individual members, of which more than two thirds work in healthcare provider, governmental and not-for-profit organizations. HIMSS also includes over 570 corporate members and more than 225 not-for-profit partner organizations that share our mission of transforming healthcare through the effective use of information technology and management systems. HIMSS frames and leads healthcare practices and public policy through its content expertise, professional development, research initiatives, and media vehicles designed to promote information and management systems' contributions to improving the quality, safety, access, and cost-effectiveness of patient care.

About CodeSmart

First Independence Corp. (OTCQB:FICF) with its subsidiary, The Codesmart™ Group, Inc., is a premier national subject matter expert for ICD-10 education and compliance in the United States. Its product, CODESMART™ UNIVERSITY is an on-line program of study for existing coders, new coders, clinicians, and healthcare roles of all types. Created by a combination of a leading panel of ICD-10 subject matter experts and a major four-year accredited university, which contributed the nation's top course designers and a platform that already provides interactive education to more than 60,000 students per year in degree programs. The ICD-10 training also includes live professors who work with and guide students through the programs of study in ICD-10.

CODESMART™ UNIVERSITY is endorsed by over 60 colleges and universities nationwide for its quality of education. The CodeSmart Group, Inc. also provides solutions for ICD-10 transitions, outsource coding, coding audits, critical documentation improvement and the revenue cycle continuum.

To learn more about CODESMART™ UNIVERSITY's proprietary programs, visit www.codesmartuniversity.org

CONTACT: Company Contact: Ira Shapiro Chairman and CEO The Codesmart Group, Inc. ishapiro@codesmartgroup.com 646-526-7867 Investor Contact: David Briones dbriones@briofinancial.com 908-370-5102 Media Contact: Jules Abraham JQA Partners, LLC jabraham@jqapartners.com 917-885-7378Source:The CodeSmart Group, Inc.

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