EX-99.1 2 file2.htm PRESS RELEASE


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ADVANCE FUNDING FOR MEDICAL RECEIVABLES... AND SO MUCH MORE


                                                           FOR IMMEDIATE RELEASE
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                  MDWERKS TERMINATES NEGOTIATIONS WITH ODYSSEY

                             HEALTHCARE CONSULTANTS

DEERFIELD BEACH, FLA., JUNE 26 2006 - MDWERKS(TM), INC. (MDWK.OB), a provider of
comprehensive Web-based healthcare claims management and Advance Funding
solutions, today announced that the Company has terminated negotiations with
Odyssey Healthcare Consultants, Inc., a virtual medical billing company based in
Boca Raton, Fla., pursuant to the non-binding Letter of Intent, announced in
February 2006, to acquire substantially all of Odyssey's assets.

Howard Katz, CEO of MDwerks Inc., said, "It was in the best interests of both
parties to discontinue discussions and let the Letter of Intent with Odyssey
expire."

ABOUT MDWERKS, INC.

MDwerks, Inc., (OTCBB:MDWK), based in Deerfield Beach, Florida, provides
healthcare professionals with automated electronic insurance claims management
solutions and advance funding of medical claims, as submitted, through a
revolving line of credit.

MDwerks(TM) solutions comprise an innovative Web-based, HIPAA-compliant system
of comprehensive administrative and financial services designed for physician
practices of all sizes and specialties whether in a single or multi-location
operation. Financial lenders, healthcare payers and other related business,
including mobile diagnostic companies, billing companies and clearinghouses,
also benefit from MDwerks solutions. For more information about the Company,
please visit www.mdwerks.com.

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CONTACTS:
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Vincent Colangelo, CFO                      Stanley Wunderlich                   Daniel Stepanek
Chief Financial Officer                     Chief Executive Officer              Media Relations
MDwerks, Inc.                               Consulting for Strategic Growth 1    Consulting for Strategic Growth 1
Tel: 954-389-8300                           Tel: 800-625-2236                    Tel: 212-896-1202
Fax: 954-427-5871                           Fax: 212-337-8089                    Fax: 212-697-0910
Email: management@mdwerks.com               Email: info@cfsg1.com                Email: dstepanek@cfsg1.com
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Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6
under the Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of fact, included
in this release, including, without limitation, statements regarding potential
future plans and objectives of the companies, are forward-looking statements
that involve risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Factors that could
cause actual results to differ materially from those in the forward-looking
statements include, among other things, the following: general economic and
business conditions; competition; unexpected changes in technologies and
technological advances; ability to commercialize and manufacture products;
results of experimental studies; research and development activities; changes
in, or failure to comply with, governmental regulations; and the ability to
obtain adequate financing in the future. This information is qualified in its
entirety by cautionary statements and risk factors disclosure contained in
certain of MDwerks' Securities and Exchange Commission filings available at
http://www.sec.gov.
         Pursuant to a December 1, 2005 agreement, Consulting For Strategic
Growth I, Ltd. ("CFSG") provides MDwerks Inc. with consulting, business
advisory, investor relations, public relations and corporate development
services, for which CFSG receives a fixed monthly fee for the duration of the
agreement. Independent of CFSG's receipt of cash compensation from MDwerks, CFSG
may choose to purchase the common stock of MDwerks and thereafter sell those
shares at any time it deems appropriate to do so.