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Codesmart(TM) Group's CODESMART(TM) UNIVERSITY ICD-10 Courses to be Adopted by The Ballard Group, Inc.

NEW YORK, May 30, 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 been adopted by the noted QA and Healthcare IT consulting group, The Ballard Group, Inc.

"Our CODESMARTUNIVERSITY products are designed to work seamlessly in a variety of contexts, whether through a university system or through other consulting groups that specialize in the healthcare field," said Ira Shapiro, Chairman and CEO of CodeSmart. "The Ballard Group has an excellent reputation in the healthcare IT consulting world, and through CODESMART™ UNIVERSITY, they will empower potentially thousands of current and potential coders in a wide variety of contexts."

According to CEO Marini Ballard, "The Ballard Group is very pleased to team with CodeSmart to offer our clients a full range of ICD-10 services. We believe CODESMART™ UNIVERSITY is the most robust and interactive training program in the industry to prepare clinicians, coders, and even non-coders for the effective use of ICD-10 codes. When paired with The Ballard Group's IT consulting services, our joint clients will be helped with addressing a broad range of challenges associated with implementing ICD-10."

Since 1998, The Ballard Group has provided exceptional services to both the private and public sectors. They are dedicated to providing their customers with outstanding consultation services and reliable results. They are committed to offering innovative products and creative approaches to help your projects succeed, faster. They continue to earn our clients' trust by keeping our focus on their business objectives. Their business focuses around three key areas: Software Testing, Quality Assurance, and Healthcare Initiatives.

ICD-10

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.

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 and Media Contact: Jules Abraham JQA Partners, LLC jabraham@jqapartners.com 917-885-7378Source:The CodeSmart Group, Inc.