NexgenRx Announces New Director Appointment

Toronto, Ontario (FSCwire) - NEXGENRX INC. ("NexgenRx" or the "Company") is pleased to announce the appointment of Randy McGlynn to its Board of Directors effective immediately.

Randy McGlynn is a senior insurance industry executive with a distinguished career in sales, marketing and benefits consulting as well as C-level experience as the former President & CEO of the Ontario Teacher's Insurance Plan (OTIP). Mr. McGlynn is currently Chairman of Teacher's Life, an insurance fraternal selling, servicing and managing claims for Life, Accidental Death and Dismemberment and Long Term Disability for Ontario's education community. In addition, Randy is a Trustee of Automotive Sector Retiree Trust and Ontario Secondary School Teachers Federation Employee Life and Health Trust (ELHT). Randy is also a major shareholder of MASS Group of Companies (Property, Casualty, Commercial, Employee Benefits operating in Canada).

"I have known and respected Randy for over 25 years and am delighted to welcome him to NexgenRx. I look forward to his strategic insights and active participation on our Board," stated Ron Loucks, President & CEO.

"Randy is a perfect addition to our Board, bringing industry specific knowledge and extensive Board experience to NexgenRx," added Tom Corcoran, NexgenRx Chairman of the Board of Directors.

About NexgenRx

NexgenRx is Canada's only independent full service technology solutions provider, offering proprietary full front end enrolment, eligibility, hour bank, billing and pension administration platforms, including mobile access capabilities, combined with a state of the art claims adjudication platform and full provider network coverage. These combined capabilities allow NexgenRx to provide complete proprietary solutions to plan sponsors that need sophisticated front end administration, health benefit technology applications and pension administration services all in a cost-effective manner. NexgenRx is committed to building partnerships with organizations looking to exceed the expectations of their clients and plan members and deliver superior administration and claims processing solutions.

Caution Regarding Forward-Looking Statements

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for existing and new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; continued development and enhancement of the Company's proprietary software technology; cyber security risks and the other risks and uncertainties disclosed in our annual Management's Discussion and Analysis, as filed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

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