Press Releases
 
The following are recent press releases made by the company.

Thursday, May 31, 2001
(Cincinnati)

Masterpiece Technology Group, Inc. (MPTG) to Receive Exclusive Distribution Agreement for Custom Medical PDA's from MoneyPhone, a Division of Orion Tele-Comm Operating Company (OTOC).

CINCINNATI, OHIO - Thursday, May 31, 2001 - Orion Tele-Comm Operating Company (OTOC) announced today they will provide Custom Handheld Wireless Medical Computers from their MoneyPhone division to MPTG for exclusive distribution in North America. The MoneyPhone Handheld Wireless Medical Computer (similar in size to a PDA) will include the E-Spin™ Communication Systems Technology. MoneyPhone and E-Spin are important elements in OTOC's strategic plan to utilize Masterpiece Technology Group as OTOC's exclusive medical sales and marketing arm.

The E-Spin™ concept can be described by visualizing two radio antennas tuned to send and receive the same frequency. If the sending antenna is put on a turntable and spun like a phonograph record, the receiving antenna will no longer see the signal because "spin" has been added to the signal being sent. The E-Spin wireless communication system is capable of providing the world's best wireless connection speeds well in excess of 36 Mbps. In comparison to other internet connections, it's 643 times faster than the current top of the line 56 Kbps modems, 281 times faster than ISDN, 141 times faster than DSL (at 256 Kbps), and 32 times faster than cable modems (at 1,000 Kbps). Even faster speeds will be available by the end of the year. Furthermore, the terrestrial range of transmission from a single tower is a very impressive 100 plus miles as compared to a current cell phone range of only 5 miles.

With the launch of the E-Spin technology incorporated into the MoneyPhone Handheld Medical Computer, hospitals and physicians will finally be able to communicate anywhere instantly. Critical medical records, x-rays, MRI's, CAT scans, pharmacy, laboratory, remote diagnosis and other life saving information will be available to the physician on a real time basis the moment it is needed. "OTOC's new Wireless Medical Computer will not only change communications in healthcare, but change the way patients are diagnosed and treated", stated Dr. Newell Crane, President of MPTG. "Wireless Monitors for Cardiovascular patients, blood pressure and respiratory monitors are only a few of the other devices this new E-Spin Technology will enhance."

About OTOC:
Orion Telecomm Operating Corporation (OTOC) is a partnership of telecommunications professionals and established private and public companies organized to develop and provide a suite of service offerings and products for medical as well as the general businesses community. Included in the OTOC group of companies are Technology Depot (a telecommunications company), Money Phone (a Korean manufacture of PDA's and telephone equipment) and Masterpiece Technology Group.

About MoneyPhone:
MoneyPhone is a Korean manufacturer of PDA's and cellular phones. MoneyPhone historically has provided product exclusively under the Samsung brand name, but will now produce custom units for OTOC and MPTG. MoneyPhone is 51% owned by OTOC and is a significant manufacturer of wireless products in Asia.

About Masterpiece
Masterpiece Technology Group, Inc. (OTCBB: MPTG), an Ohio-based computer company, manufactures and distributes software products for physician medical records, hospital claims management and medical audit services. The Company's medical records product, Masterpiece EMR, provides an information software package that collects and stores data during the creation of the patient narrative. MTG's homepage can be found at www.masterpiecetechgroup.com masterpiecetechgroup.com.

This report includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. The information in this news release includes certain forward-looking statements that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product development acceptance, the impact of competitive services and pricing and general economic risks and uncertainties.

For more information, please contact:
Mr. Jeff Beneson, VP Investor Relations, Phone: (425) 643-1440, Email: bjeffrey5@uswest.net.

Press Release Archives

Wednesday, May 9, 2001 - Masterpiece Technology Group, Inc. Approves Electronic Medical Records Software Architecture for its Masterpiece Millennium™ - Concept Developed by CarbonWave.

Tuesday, May 1, 2001 - Masterpiece Technology Group to receive $2 Million in New Funding from Orion Telecomm to Launch the North American Distribution of WHIS

Thursday, April 26, 2001 - Masterpiece Technology Group licensed by Orion Telecomm to begin North American distribution of breakthrough broadband wireless technology - WHIS.

Monday, April 9, 2001 - Masterpiece Technology Group, Inc., engages CarbonWave to enhance and maintain their Electronic Medical Records (EMR) Software - Masterpiece Millennium.

Friday, April 6, 2001 - Masterpiece Technology Group begins Healthcare Compliance Program rollout to The Independent Physician Association of America

Tuesday, March 20, 2001 - The Independent Physician Association of America (249,000 physicians) Approves Masterpiece Technology Group to Launch Medicare Protection & Compliance Program.

Monday, March 5, 2001 - Masterpiece Technology Group awarded their first clearing house contract for Med Focus Radiology Network.

Monday, February 26, 2001 - Masterpiece Technology Group Attends The National Labor & Management Conference

Tuesday, February 6, 2001 -Masterpiece Technology Group Launches Distribution of Medicare Compliance And Insurance Program With Med Focus Radiology Network.

Tuesday, February 6, 2001 - Masterpiece Technology Group Attends 2001 Annual HIMSS Conference and Exhibition.

Monday, January 29, 2001 - Masterpiece Technology Group Introduces New Product - Medicare Compliance for Physicians and Hospitals across the United States.

Monday, December 4, 2000 - Masterpiece Technology Group Introduces new product group at eHealthcare World New York 2000 Conference & Trade Show.

Tuesday, November 14, 2000 -Masterpiece Technology Group to Participate in eHealthcare World New York 2000 Conference & Trade Show

Tuesday, November 14, 2000 - Masterpiece Technology Group to Reorganize Maplecrest Division

Tuesday, October 31, 2000 - Masterpiece Technology Group Signs Letter of Intent for Strategic Agreement with MedFocus Radiology Network.

Monday, August 7, 2000 - Masterpiece Technology Group retains Investor Relations International, Inc.

Monday, July 31, 2000 - Masterpiece Technology E symbol removed.

Tuesday, July 25, 2000 - MPTG receives E symbol.

Monday, July 10, 2000 - Information Management Essential To Success Of DNA Mapping Breakthrough Says Masterpiece Technology Group.

Tuesday, June 20, 2000 - MPTG's Maplecrest Software Division Signs MetLife - Strategic Licensing Agreement with CSC bears first fruit.

Tuesday - June 13, 2000 - Maplecrest Software Signs Strategic Licensing Agreement with Computer Sciences Corporation.

Wednesday, June 7, 2000 - Claims Direct - a division of Masterpiece Technology Group - announces Recovered Revenues for customer hospitals of $1,228,994 through their proprietary Overlooked Billable Charges Service.

Friday, June 2, 2000 - Masterpiece Technology Group selected as Medical Records Provider and Hospital Claims Recovery Unit for the WirelessMD / Metrocall Strategic Partnership

Wednesday, May 17, 2000 - Masterpiece Technology Signs Definitive Agreement Acquiring Claims Direct - Purchase Completes Physician-Hospital Healthcare Practice Platform - Will Begin Aggressive Marketing Program to Assist in Hospitals Recovering Billions in Lost Annual Revenues

Wednesday, April 26, 2000 - Masterpiece Technology Signs Development Team to Complete Web-Wireless EMR Technology

Wednesday, April 12, 2000 - Masterpiece Technology and Wireless MD Finalize Agreement to Launch Bi-directional Wireless-Internet-based Program to the Medical Market

Tuesday, March 14, 2000 - Masterpiece Technology and Claims Direct Ready for Retrobilling Marketing Rollout - Estimates Unbilled Charges Average $500,00 to $2,500,000 Per Hospital

Friday, March 3, 2000 - Masterpiece Technology Signs Letter of Intent to Acquire Claims Direct, Creating the Principal Digital Healthcare Claims Platform

Tuesday, February 1, 2000 - Masterpiece Technology Group, Inc. President and CEO, Dr. Newell Crane, was interviewed today by the Wall Street Reporter Magazine.

Tuesday, January 25, 2000 - Masterpiece Technology Signs Letter of Intent to Acquire Townsend Medical - Prepares to Launch Web-Enabled Practice Management Software - Expects to Generate $600,000 in First Year Sales

Wednesday, January 12, 2000 - Masterpiece Technology Completes $600,000 Private Placement - Agreement Calls For Additional $1.9 Million Capital Raise By June 2000 Through the Sale of Share Warrants at $5.00

Tuesday, December 28, 1999 - Masterpiece Technology Board Approves Application to Boston Stock Exchange

Friday, December 17, 1999 - Masterpiece Technology Group Unveils Internet Strategy Focused on Custom Web-Enabled Document Solutions - New Software Releases to Spearhead New Marketing Program - Company Targets $10 Million Revenue for 2000

Monday, December 13, 1999 - VMP Electronic Laser Forms and the Maplecrest Software Company of Masterpiece Technology Create Partnership

Wednesday, December 8, 1999 - Masterpiece Technology Signs Letter of Intent to Acquire Populus Systems

Wednesday, December 1, 1999 - Masterpiece Technology to Pursue Additional Acquisitions and Create New Web Alliances - New Executive Team to Lead Company's Acquisitions

Tuesday, October 26, 1999 - Maplecrest Launches New DocPrep Studio®

 

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