ZoomMed and the Acquisition of Praxis Sante
21 Janvier 2011 - 4:29PM
Marketwired
ZoomMed Inc. (TSX VENTURE: ZMD). In the scope of the completion of
the conditional exclusive agreement to acquire Praxis Sante,
ZoomMed announces it has received the waiver of some conditions and
thus expecting the completion of the transaction before the end of
the current trimester.
Accordingly, a portion of the aggregate counterpart payable for
the acquisition by the Corporation will be made through the
issuance of a maximum of 3,500,000 common shares of ZoomMed at a
deemed price of $0.20 per common share with another part of the
counterpart being paid in cash. It should be noted that this
acquisition would enable ZoomMed to diversify and consolidate its
position in the Canadian Healthcare network, concurrently to its
recent announcement regarding the launching and penetration of the
important American Market. The marketing of Praxis Sante's products
is foreseen shortly. ZoomMed will see to update the market when the
transaction will reach a more advanced stage.
About ZoomMed
ZoomMed's developed the ZRx Prescriber, a technological
innovative Web application that enables physicians to use a
wireless device, such as the IPod Touch™, IPhone™, IPad™, Google
Android™, other PDA's or computers, to write and rapidly deliver
scripts. The ZRx Prescriber is quick, efficient and intuitive.
Since it is a stand-alone product, it can easily be integrated to
any Electronic Medical Record application (EMR).
For further information on ZoomMed, visit our Web Site;
www.zoommed.com.
About Praxis Sante
PraxisLab is a new application that enhances all aspects of the
prescription filling process and the complete pharmacists patient
file management. Fast, efficient and user friendly, its unique
development concept provides a fast access to all its
functionalities, thus allowing its users to be productive with a
minimum training. PraxisLab uses state-of-the-art protocols and
up-to-date software standards, allowing high compatibility with
existing software, as well as new generation software.
For further information about Praxis Sante Inc., please visit
the Web Site; www.praxissante.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: ZoomMed Inc. Mr. Yves Marmet and Chief Executive
Officer 450-678-5457, Ext 228 info@zoommed.com www.zoommed.com
Zoommed (TSXV:ZMD)
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