Patient Portal Technologies, Inc.
PRESS RELEASE
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<TYPE>EX-10.1
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<DESCRIPTION>PRESS RELEASE
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                <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Exhibit
      10.1</font></div>
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      Release</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0.5pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">March 12,
2009</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 14pt; FONT-FAMILY: Times New Roman">Patient
Portal Technologies, Inc. Restructures Debt</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Baldwinsville, NY, March 12, 2009
</font>- Patient Portal Technologies, Inc. (OTCBB: PPRG) (Patient Portal)
announced today that it had executed a term sheet with Dutchess Private Equity
Fund to restructure 100% of its debt, retire all of the Dutchess outstanding
warrants and release Dutchess&#8217; collateral lien in the Company&#8217;s
assets.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">In return
for restructuring its long term debt, retiring its warrants and releasing its
collateral Dutchess will receive up to $500,000 of cash at closing, be issued
$7.5 million of convertible Preferred Stock and 4% of the Company&#8217;s outstanding
common stock. The Preferred Stock will have an annual 8% Payment In Kind feature
and be convertible at Dutchess&#8217; option into 35% of the Company&#8217;s common stock.
The Company will have the right to redeem up $1 million of the Preferred Stock
prior to conversion. A definitive agreement is anticipated to be finalized
within the next few weeks.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Company
CEO Kevin Kelly commented, &#8220;We are pleased to have Dutchess as a partner working
with us to support our growth plans. Their confidence in our business is
underscored by their financial commitment and willingness to work with the
Company to insure we can capitalize on the opportunities in the marketplace.&#8221; He
also added, &#8220;This restructuring will allow the Company to better direct its
resources to support growth while enabling us to strengthen and expand our
current banking relationships.&#8221;</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">Patient
Portal Technologies, Inc. assists hospitals in increasing financial performance
by providing services that improve and enhance the patients experience before,
during and after their hospital stay. These services are delivered over the
company&#8217;s proprietary platform. The company provides its products and solutions
to hospitals and healthcare facilities throughout the entire United
States</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">To view
the website and obtain Company information go to <font style="DISPLAY: inline; TEXT-DECORATION: underline">http://www.patientportal.com</font>.</font></div>
      <div style="DISPLAY: block; TEXT-INDENT: 0pt"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-STYLE: italic; FONT-FAMILY: Times New Roman">Patient
Portal Investor Relations Contact:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Vanessa
Loysen</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;(315)638-6708</font></div>
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