iMedicor Names Michael Lorelli to its Board of Directors

Business Wire, June 22, 2009

Business Veteran Brings Expertise at Time of Portal Expansion

NANUET, N.Y. -- iMedicor, a Vemics Company (OTCBB: VMCI), the market’s leading HIPAA-compliant solution for interoperable medical information transfer, today announced that Michael K. Lorelli has joined its Board of Directors. Lorelli is CEO of New Jersey based Water-Jel Technologies, LLC.

“Mike Lorelli brings tremendous talent and Fortune-class experience to our Board as we move towards nationwide adoption of the iMedicor portal," said Granger Whitelaw, iMedicor’s Chief Strategy Officer. "During this time of rapid growth for our company, Mike’s proven track record at the helm of several Fortune 100 companies, and his success in leading revitalizations and turnarounds for private equity firms, brings great value to iMedicor.”

Water-Jel Technologies, LLC provides first-aid burn care products to EMS, firefighters, industry, and the military. Prior to working as a private equity consultant, Mr. Lorelli spent 20 years in various leadership roles at Fortune 100 companies including PepsiCo, Inc., Esmark, Inc. and Bristol-Myers Squibb Company. During his nine years with PepsiCo, Inc., Mr. Lorelli held four positions of increasing responsibility, beginning with his position as senior vice president of marketing, then executive vice president of Pepsi-Cola North America, and moving to president of Pepsi-Cola East and culminating with a position as president of Pizza Hut International. During his two years as president of Pizza Hut International, Mr. Lorelli directed the division's growth strategy and successfully increased Pizza Hut's presence from 68 to 92 countries, surpassing McDonalds.

"iMedicor’s technology has come to the market at the right time, and there are many opportunities for this company to leverage its core competencies to support the national movement to reduce healthcare costs and improve patient care,” said Mike Lorelli. “I’m honored to be joining the iMedicor team and look forward to working with them as they take their innovative business model to the next level.”

About iMedicor, a Vemics Company:

Vemics' iMedicor is the only HIPAA-compliant solution for interoperable health information transfer that is offered at no cost to healthcare providers and patients. The iMedicor portal enables disparate EMR (electronic medical record) systems to communicate, collaborate and exchange records in real time; pharmaceutical companies to deliver customized educational marketing programs to more than 730,000 healthcare providers nationwide in a highly targeted, cost-effective and non-intrusive manner; and allows doctors, administrators and other qualified healthcare workers to send and receive medical records, files and images. More information on iMedicor is available at www.imedicor.com. iMedicor is based in Nanuet, N.Y.

The statements contained herein, other than historical information, are or may be deemed to be forward-looking statements and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements. These factors, risks, and uncertainties include market acceptance of Vemics' products and services; the nonexclusive and terminable-at-will nature of certain of the company's partnerships and agreements; rapid technological change affecting demand for our products and services; competition from companies providing similar products and services, availability of sufficient financial resources to enable us to expand our operations, as well as other risks detailed from time to time in our filings with the Securities and Exchange Commission.