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Codesmart(TM) Group's CODESMART(TM) UNIVERSITY ICD-10 Courses and Consulting Products Named the Exclusive Partner of Ramapo College for ICD-10 Services

NEW YORK, June 4, 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 is the exclusive strategic partner for ICD-10 education and consulting services to Ramapo College in Northern New Jersey, which will exclusively market and provide CODESMART™ UNIVERSITY products to their students at their Center for Innovative and Professional Learning.

"We have specifically designed our CODESMARTUNIVERSITY products 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. "Our partnership with Ramapo College is our first in Northern New Jersey, and we believe that this partnership, along with the numerous medical educations venues with which Ramapo is affiliated, will help to prepare the region for the challenges ahead with regard to ICD-10 certification."

Ranked by U.S. News & World Report as sixth in the Best Regional Universities North category, Ramapo College of New Jersey is sometimes mistaken for a private college. Established in 1969, Ramapo College offers bachelor's degrees in the arts, business, humanities, social sciences and the sciences, as well as in professional studies, which include nursing and social work. In addition, Ramapo College offers courses leading to teacher certification at the elementary and secondary levels. The College also offers six graduate programs as well as articulated programs with the University of Medicine and Dentistry of New Jersey, New York Chiropractic College, New York University College of Dentistry, SUNY State College of Optometry and New York College of Podiatric Medicine.

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.