Medworxx Solutions Inc. (the "Company") (TSX VENTURE:MWX) announced today it has
filed with the Canadian securities authorities its year end consolidated
financial statements and management discussion & analysis report for year ended
December 31, 2010. These documents may be viewed under the Company's profile at
www.sedar.com. 


"2010 was a relatively flat year for Medworxx, as healthcare software purchases
across Canada have been changing from hospital driven to regional and provincial
driven transactions," said Dan Matlow, President & CEO, Medworxx. "This has
delayed some decisions but we look forward to provincial and regional
opportunities as we go forward. We are also excited about the opportunity in the
UK, following our initial entry into that market in 2010." 


Subsequent to its year end, the Company, with the agreement of all convertible
debenture holders, has extended the convertible debenture repayment terms for 2
years. The interest rate remains the same at 14% per annum. The exercise price
of warrants associated with the convertible debenture will now be $0.48 and
their expiry date shall be extended to the earlier of 24 months from the date of
signing the agreement and the maturity date of the debenture. The conversion
right has been changed to reflect the following; if converted between February
20, 2011 to June 20, 2011, $0.25 per unit; if converted between June 21 and
February 20, 2012, $0.32 per unit and; if converted between February 21, 2012
and February 20, 2013, at a rate of $0.35.


ABOUT MEDWORXX

Medworxx is a Toronto-based software company focused exclusively on solutions
for the North American healthcare marketplace. Medworxx provides healthcare
solutions for patient flow, compliance and education. Its software comprises an
integrated suite of solutions, including content management, learning
management, policies and procedures, utilization management, bed optimization,
single sign on, portal, and emergency readiness solutions.


Medworxx started business in May 2004 in Ontario with 3 employees and has since
grown to over 30 employees. Medworxx' executive team consists of experienced
sales, marketing, software development, healthcare, and finance personnel.
Medworxx currently has a customer base of approximately 100 healthcare
organizations representing more than 300 hospitals and 500,000 end users who are
distributed approximately 70% in Canada and 30% in the United States. Medworxx'
customers use its software platform to increase competency, reduce redundancy,
reduce costs, and simplify distribution of knowledge to staff and patients,
creating a net effect of increased efficiency and improved patient safety and
care.


Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "estimates", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors, such as competition, technological changes, the changing needs of
hospitals, the financial condition of the Company's current and potential
customers, foreign currency exchange rates, as well as general economic
conditions, which may cause the actual results, performance or achievements of
the Corporation and Medworxx to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
statements. Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking statements
contained in this press release. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.


Mineworx Technologies (TSXV:MWX)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024 Plus de graphiques de la Bourse Mineworx Technologies
Mineworx Technologies (TSXV:MWX)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024 Plus de graphiques de la Bourse Mineworx Technologies