<PAGE>
                                       1

                         UNITED STATES BANKRUPTCY COURT
                           MIDDLE DISTRICT OF FLORIDA
                                 TAMPA DIVISION

IN RE:

MEDICATION MANAGEMENT TECHNOLOGIES, INC.,      CASE NO: 97-11340-8G1

                              Debtor.
------------------------------------------------/

                     FIRST AMENDED PLAN OF REORGANIZATION OF
                    MEDICATION MANAGEMENT TECHNOLOGIES, INC.

         MEDICATION MANAGEMENT  TECHNOLOGIES,  INC., the above-captioned  debtor
and  debtor-in-possession  and  LifeServ  Technologies,  Inc.,  hereby  file and
propose their First Amended Plan of  Reorganization  in the form and content set
forth herein.

                                MASSARI LAW GROUP
                        Domenic L. Massari, III, Esquire
                            Florida Bar Number 238988
                            Caryl E. Delano, Esquire
                           Florida Bar Number 0040721
                            601 South Fremont Avenue
                              Tampa, Florida 33606
                                 (813) 253-3400
                              Attorneys for Debtor

<PAGE>
                                       2


                                TABLE OF CONTENTS
                                                         Page No.

ARTICLE 1  - Definitions ...................................3

ARTICLE 2  - Classes of Creditors ..........................5

ARTICLE 3  - (Class I) Administrative Expense Claims .......5

ARTICLE 4  - (Class II) Secured Claim of William D. Long....6

ARTICLE 5  - (Class III) Secured claim of SouthTrust Bank...6

ARTICLE 6  - (Class IV) Claims of Unsecured Creditors ......7

ARTICLE 7  - (Class V) Insider Claims.......................7

ARTICLE 8  - (Class VI) Stockholder Claims .................7

ARTICLE 9  - Anticipated Means of Execution ................7

ARTICLE 10  - Classes Provided For .........................8

ARTICLE 11 - Classes Impaired ..............................8

ARTICLE 12 - Conditions to Confirmation ....................8

ARTICLE 13 - Executory Contracts ...........................8

ARTICLE 14 - Recoveries ....................................8

ARTICLE 15 -Debtor's Claims Against Others .................8

ARTICLE 16 - Retention of Jurisdiction of the Court.........8

ARTICLE 17 - General Provisions ............................8

<PAGE>
                                       3






                                                        12

                             ARTICLE I - Definitions

1.1  "Allowed  Claim"  means a Claim filed on or before the last date set by the
Court for filing proofs of claim and allowed by Court Order in  accordance  with
Bankruptcy Code Section 502(a), or, if no proof of claim is filed, a Claim which
is listed by the Debtor as liquidated in amount and not disputed or  contingent,
and, in either case, a Claim to which no objection to the allowance  thereof has
been timely  filed or to which an  objection  is timely filed and such Claim has
been  allowed in whole or in part by a Final Order of the  Bankruptcy  Court 1.2
"Bankruptcy Code" means The Bankruptcy Reform Act of 1978, as amended, 11 U.S.C.
'101, et seq. -- --- 1.3 "Bankruptcy  Court" means the United States  Bankruptcy
Court for the Middle District of Florida, Tampa Division.

1.4 "Claim" means any right to payment,  whether or not such right is reduced to
judgment,  liquidated,  unliquidated,  fixed,  contingent,  matured,  unmatured,
disputed,  legal, equitable,  secured or unsecured; or any right to an equitable
remedy  for  breach  of  performance  if such  breach  gives  rise to a right to
payment,  whether  or not such  right  to an  equitable  remedy  is  reduced  to
judgment, fixed, contingent,  matured, unmatured,  disputed, undisputed, secured
or unsecured.

1.5  AConfirmation"  means  entry by the  Bankruptcy  Court of the  Confirmation
Order.

1.6  "Confirmation  Date" means the date upon which the Bankruptcy  Court enters
the Confirmation Order.

1.7 "Confirmation Order" means the Order of the presiding Bankruptcy Court judge
confirming  this Plan and finding  that it has been  accepted  by the  requisite
majority of  creditors,  was accepted in good faith,  is in the best interest of
creditors,  is feasible or is otherwise a confirmable plan within the meaning of
the Bankruptcy Code.

<PAGE>
                                       4

1.8  "Consummation  Date" means the 11th day after the entry of the Confirmation
Order and at which time no motion for rehearing,  notice of appeal, stay pending
appeal,  proceeding for review or appeal,  nor posting of a supercede  bond, nor
other challenge  against the  Confirmation  Order is pending,  at which time the
Confirmation Order has become final and non-appealable. For the purposes of this
Plan the  Consummation  date shall also be the "Effective  Date@ of the Plan for
purposes of Bankruptcy Code '1129. ---------------

1.9 "Creditor"  means all Persons  within the meaning of Section  101(10) of the
Bankruptcy Code.

1.10   "Debtor"   means   Medication   Management   Technologies,    Inc.,   the
debtor-in-possession and proponent of this Plan.

1.11 "Debtor's  Property"  means all assets and property of the Debtor,  whether
legal or equitable,  tangible or intangible,  real or personal,  that constitute
property  of the  Debtor's  estate  within the  meaning  of  Section  541 of the
Bankruptcy Code,  including,  without limitation,  those assets described in the
Debtor's Schedules.

1.12 ALifeServ@ means LifeServ Technologies,  Inc., a newly formed subsidiary of
Debtor=s parent, Medical Technology Systems, Inc.

1.13 "Person" means any  individual,  corporation,  partnership,  joint venture,
trust,  estate or  unincorporated  organization,  or any  government or agent or
political subdivision thereof.

1.14 "Plan" means this Plan of  Reorganization  as currently  filed or hereafter
amended  pursuant to Chapter 11 of the Bankruptcy  Code or any  applicable  Rule
promulgated thereunder.

1.15  "Settlement  Offer" means (a) any offer of  settlement or  compromise,  or
offer  to  purchase  any  outstanding  Unsecured  Claim or the  interest  of any
Claimant  under this Plan,  or (b) any  compromise  or  agreement  to  otherwise
effectuate any full or partial  satisfaction  of any Unsecured Claim outside the
terms of this Plan.

<PAGE>
                                       5

1.16  "Unsecured  Creditors"  means all persons and entities  holding  unsecured
claims including claims against the Debtor.


                        ARTICLE 2 - Classes of Creditors

2.1 For the  purposes  of this Plan,  there  shall be the  following  classes of
Creditors of the Debtor:

     CLASS I              Administrative Expense Claims

     CLASS II             Secured Claim of  The Long Family Trust, William
                          D. Long, Trustee
     
     CLASS III            Secured Claim of SouthTrust Bank

     CLASS IV             Claims of Unsecured Creditors

     CLASS V              Insider Claims

     CLASS VI             Stockholder Claims


2.2 Including any Creditor by name in any class herein is solely for purposes of
description  and shall include all assignees,  heirs,  devisees,  transferees or
successors-in-interest of any kind or nature of the named Creditor.


                  COMPOSITION AND TREATMENT OF CREDITOR CLASSES


               ARTICLE 3 - (Class I) Administrative Expense Claims

3.1 The Claims of this Class of Creditors shall be unimpaired.

3.2 The Debtor shall pay all Allowed administrative expenses in full and in cash
within  thirty  (30)  days  after  the  Consummation  Date of this  Plan or make
satisfactory   payment   arrangements  with  administrative   claimants  by  the
consummation date of Debtor's Plan.

<PAGE>
                                       6


ARTICLE 4 - (Class II) Secured Claim of The Long Family Trust,  William D. Long,
Trustee
--------------------------------------------------------------------------------

4.1 William D. Long (ALong@) is the holder of a secured claim in the approximate
unpaid amount of $45,150.56 and the beneficiary of a royalty  agreement  secured
by the Debtor's furniture and fixtures. The secured claim of Long is impaired.

4.2 In resolution of this claim, the Debtor will pay Long as follows:

     (a)  $45,150.56   with  interest   thereon  at  7%  per  annum  in  monthly
          installments over two (2) years commencing on the Effective Date;

     (b)  Royalty of 5% of net collections of Debtor prior to December 31, 2002,
          from the sale of software that is a part of Debtor=s fetal  monitoring
          and  point  of  care  documentation  designed  for  use in  labor  and
          delivery, neonatal intensive care units are special care units


            ARTICLE 5 - (Class III) Secured Claim of SouthTrust Bank

5.1 The Claims of this Class of Creditor shall be impaired.

5.2 SouthTrust holds a claim in the amortized principal amount of $15,000,000.00
(the  ASouthTrust  Claim@)  against  the Debtor and  certain  affiliates  of the
Debtor, pursuant to the Second Amended and Restated Loan and Security Agreement,
dated as of September 4, 1996, as amended (the ASouthTrust Loan Agreement@). The
SouthTrust  Claim  is  secured  by all of the  Debtor=s  assets.  Pursuant  to a
Subordination  and  Conditional  Waiver  Agreement,  dated as of June 19,  1997,
SouthTrust  subordinated  its security  interest in certain of the assets of the
Debtor to those in favor of The Long Family Trust which secure the Secured Claim
of the Long Family Trust. The assets covered by this  subordination  are defined
in the  Subordination  Agreement  referred to above as the ACygnet  Collateral.@
Except as modified pursuant to the Amendment to Second Amended and Restated Loan
and Security  Agreement (the  AAmendment@)  approved by the Bankruptcy  Court by
Order entered April 16, 1998,  the legal,  equitable and  contractual  rights to
which  SouthTrust is entitled under the SouthTrust  Loan Agreement  shall remain
unaltered by confirmation of this Plan. In furtherance of the foregoing, (a) the
liens,  pledges and  security  interests  securing  the  SouthTrust  Claim shall
survive  confirmation of this Plan, (b) the Debtor  reaffirms its obligations to
SouthTrust  under the SouthTrust Loan  Agreement,  as the same may be amended in
accordance with the Amendment and the Amendment  Motion,  and (c) the SouthTrust
Claim  shall,  upon  confirmation  of this  Plan,  be  Allowed  in the amount of
$15,000,000 plus accrued and unpaid interest on such sum (if any), or such other
amounts as may be specified in the Amendment.  No distribution upon Confirmation
will be made to  SouthTrust  pursuant  to or as a result of the  Plan.  However,
SouthTrust will continue to receive the payments called for under the SouthTrust
Loan Agreement.

<PAGE>
                                       7


              ARTICLE 6 - (Class IV) Claims of Unsecured Creditors


6.1 The Claims of this Class of Creditor shall be impaired.

6.2 As a full treatment for, and in full settlement thereof, the holders Allowed
Class IV claims shall receive the following:

An amount equal to 15% of such Class III allowed  claim  payable in three annual
installments.  The first  installment  of 5% shall be paid on the date  which is
three months after the Effective date with  installments of 5% being paid on the
second and third anniversary of the Effective date.

                       ARTICLE 7- (Class V) Insider Claims

7.1 The Claims of this Class of Creditor shall be impaired.

7.2 Class VI,  shall  consist  of all  Secured  Claims and  Unsecured  Claims of
shareholders, officers, directors, managers and all other insiders of the Debtor
as defined in '101(30) of the Code  whether or not the same  constitute  Allowed
Claims, except weekly wages and salaries (not including bonuses,  severance pay,
vacation pay or the like) earned by Class V Claimants,  which wages and salaries
shall be treated as  administrative  expense  claims to the extent  such  claims
arose after the Filing Date.  Other than  Administrative  Expense Claims,  there
shall be no distribution to Class V Claims.

                    ARTICLE 8- (Class VI) Stockholder Claims

8.1 The Claims of this Class of Creditor shall be impaired.

8.2 The Claims of all Persons  holding a legal or equitable right to an interest
in Debtor,  shall receive no distribution under this Plan until such time as all
other Classes of Creditors under this Plan are paid in accordance with the terms
of this Plan.

                   ARTICLE 9 - Anticipated Means of Execution

9.1 The Debtor=s parent,  Medical Technology Systems, Inc., is in the process of
transferring  its 100% stock  ownership in the Debtor to a newly  formed  wholly
owned subsidiary of the parent, LifeServ Technologies, Inc. (LifeServ). LifeServ
intends to issue a private  placement  of  securities,  not to exceed 40% of its
stock, in order to generate net proceeds to LifeServ of  $3,000,000.00.  The net
proceeds   will  be  utilized  to  fund  further   development   of   LifeServ=s
subsidiaries=  products,  expand its sales  force and provide  working  capital,
allowing  the Debtor to fund the Plan from  income  generated  by its  continued
business operations.  In addition,  LifeServ will continue to provide the Debtor
with  ongoing  sales  and  administrative  support,  having a  minimum  value of
$10,000.00 per month. However, no funding from affiliates other than LifeServ is
anticipated or permitted by the SouthTrust Loan Agreement.

<PAGE>
                                       8

                        ARTICLE 10- Classes Provided For

10.1 All classes of the Debtor's creditors are provided for by this Plan, or are
not affected, or are unimpaired.

                          ARTICLE 11 - Classes Impaired

11.1  It is  anticipated  that  Creditors  in  Class  I are  unimpaired  or have
consented to their  treatment  under the Plan. All other Classes under this Plan
may be impaired.

                     ARTICLE 12 - Conditions to Confirmation

12.1 There are no  conditions  to the  confirmation  of this Plan other than the
Bankruptcy  Court entering the  Confirmation  Order  confirming the Plan and the
execution and delivery of all documents contemplated by the Amendment Motion.

                        ARTICLE 13 - Executory Contracts

13.1 Pursuant to this Plan,  all rights of the Debtor shall be reserved  through
the  Confirmation  Date with respect to the assumption or rejection of executory
contracts that the Debtor has not heretofore  assumed or rejected upon notice to
the parties to any such agreements and to such other  parties-in-interest as the
Court may designate.  The Debtor hereby assumes the executory  royalty agreement
with the Long Family Trust.

                             ARTICLE 14 - Recoveries

15.1 The right to bring all  Preference  and  Transfer  Actions  or to  forsake,
forego, or compromise and settle all such actions or claims, held by the Debtor,
the  Debtor-in-Possession  and the Estate prior to  confirmation,  are expressly
preserved by the Debtor.

                   ARTICLE 15 - Debtor's Claims Against Others

15.1 The Debtor  shall  enforce  and have the sole right to enforce  all rights,
claims,  suits and causes of action possessed by Debtor whether arising prior to
or subsequent to the filing in its own name.

               ARTICLE 16 - Retention of Jurisdiction of the Court

16.1 The  Bankruptcy  Court shall  retain  jurisdiction  over the Debtor and all
parties  provided  for in  this  Plan  for  up to  three  (3)  years  after  the
Confirmation  Date in order to  effect  the  terms of the Plan and  resolve  any
disputes in  connection  with the  Confirmation  of the Plan.  Except for claims
which this Plan recites are to be allowed upon confirmation of this Plan, Debtor
shall have up to sixty (60) days  after the entry of the  Confirmation  Order to
object to all scheduled or filed claims or they shall be deemed allowed.

<PAGE>
                                       9


16.2 The Bankruptcy  Court shall retain and have exclusive  jurisdiction  of all
matters  arising  out of,  and  related  to,  the  Chapter  11 Case and the Plan
pursuant to, and for the purposes of, sections 105(a) and 1142 of the Bankruptcy
Code and for, among other things, the following purposes:

     (1) To hear  and  determine  pending  applications  for the  assumption  or
rejection of executory  contracts or unexpired leases,  if any are pending,  and
the allowance of Claims resulting therefrom;

     (2) To determine any and all pending adversary  proceedings,  applications,
and contested matters;

     (3) To ensure  that  distributions  to holders  of  Allowed  Administrative
Claims,  Allowed Priority Tax Claims,  Allowed Priority Non-Tax Claims,  Allowed
Unsecured Claims, Allowed Secured Claims (including in particular the SouthTrust
Claim), and Allowed Equity Interests are accomplished as provided herein;

     (4) To hear and determine any timely objections to Administrative Claims or
to  proofs  of Claim and  Equity  Interests  filed,  both  before  and after the
Confirmation  Date,  including any objections to the classification of any Claim
or Equity  Interest,  and to allow or  disallow  any  Contested  Claim or Equity
Interest, in whole or in part;

     (5) To enter and implement  such orders as may be  appropriate in the event
the Confirmation Order is for any reason stayed, revoked, modified, or vacated;

     (6) To issue such  orders in aid of  execution  of the Plan,  to the extent
authorized by section 1142 of the Bankruptcy Code;

     (7) To  consider  any  modifications  of the  Plan,  to cure any  defect or
omission,  or reconcile any  inconsistency in any order of the Bankruptcy Court,
including, without limitation, the Confirmation Order;

     (8)  To  hear  and  determine  all   applications   for   compensation  and
reimbursement of expenses of  professionals  under sections 330, 331, and 503(b)
of the Bankruptcy Code incurred prior to the Effective Date;

     (9)  To  hear  and  determine  disputes  arising  in  connection  with  the
interpretation, implementation, or enforcement of the Joint Plan;

     (10) To recover all assets of the Debtors and property of the Estate, where
located;

<PAGE>
                                       10

     (11) To  enforce  and  interpret  the  terms  and  conditions  of the  Plan
Documents,  including,  without limitation, the waivers and agreements contained
in the Plan Documents and described in Article XII of this Joint Plan;

     (12) To hear and  determine  matters  concerning  state,  local and federal
taxes in accordance with sections 346, 505, and 1146 of the Bankruptcy Code;

     (13) To hear any other matter not  inconsistent  with the Bankruptcy  Code;
and

     (14) To enter a final decree closing the Chapter 11 Cases.

                         ARTICLE 17 - General Provisions

17.1 Should any payment under the Plan come due on a non-business day, then such
due date shall be extended to the next business day.

17.2  Non-business  days  shall  include  Saturday,  Sunday and any day on which
commercial  banks in the State of Florida are required or authorized by State or
Federal law to close.

17.3 Any and all notices  hereunder shall be in writing.  If such notice is sent
by telegram,  telex or facsimile  transmission,  it shall be deemed to have been
given when sent,  and if by mail,  shall be deemed to have been given three days
after the  postmarked  date when sent by registered or certified  mail,  postage
prepaid, and addressed as follows:

                  With a copy to:

                  Medication Management Technologies, Inc.
                  12920 Automobile Boulevard
                  Clearwater, FL 34622
                  Attention: Todd Siegel

                  and

                  Massari Law Group
                  Counsel to Medication Management Technologies, Inc.
                  601 South Fremont Avenue
                  Tampa, Florida 33606
                  Attention: Caryl E. Delano, Esquire

or at such other  address,  if any,  as the Debtor  may have  designated  as its
address for such service.

<PAGE>
                                       11



DATED:            MEDICATION MANAGEMENT
                                        TECHNOLOGIES, INC.

                                        ------------------------
                                        BY: Todd Siegel, Secretary

                                        LIFESERV TECHNOLOGIES, INC.

                                        -------------------------
                                        BY: Todd Siegel, Secretary

                                         MASSARI LAW GROUP

                                         ------------------------
                                         DOMENIC L. MASSARI, III
                                         Florida Bar Number 0238988
                                         CARYL E. DELANO
                                         Florida Bar Number 0040721
                                         601 South Fremont Avenue
                                         Tampa, Florida  33606
                                         (813) 253-3400
                                          Attorneys for Debtor


                             CERTIFICATE OF SERVICE

     I HEREBY  CERTIFY  that a true and correct copy of the  foregoing  has been
furnished by Regular U.S. Mail and facsimile to the U.S. Trustee,  4919 Memorial
Hwy., #110,  Tampa, Fl 33634,  Mark J. Wolfson,  Esquire,  Post Office Box 3391,
Tampa, FL 33601  (221-4210);  Marsha Griffin Rydberg,  Esquire,  Post Office Box
3391, Tampa, FL 33601 (221-4210);  Jonathan J. Ellis,  Esquire,  Post Office Box
3310, Tampa, FL 33601 (225-3039) and to Virginia Patterson,  Esquire,  420 North
20th Street, Suite 2000, Birmingham, AL 35203-3208 (205) 521-8500, this ____ day
of May, 1998.                                     ------------------------------
                                                  CARYL E. DELANO, ESQUIRE