Medify Solutions announced that the company raised in excess of US$ 600,000 in cash over a six month period ending in March of 2006, through a series of private placements for the purpose of taking the Company to its next stages of development.
Jonathan Bryant, president and CEO, states: “We have managed to raise without too many problems a substantial amount of funds in order to keep the company at cruise speed”. “The company was able to utilize these proceeds in the best manner possible”, he added, as the Company recently signed a major contract in Italy with CM Isitel Spa.
The company also announces that the money raised was optimal in the present phase of development, and that the amount was no more than the company needed. The company also remains debt-free today. “With the latest major contracts signed, the Company will have an even more compelling investment opportunity to offer for the investment community” added Jonathan Bryant, president and CEO of Medify Solutions Ltd.
Medify Solutions Ltd announced on May 23, 2006, the release of its quarterly business report. This report is available on: http://www.pinksheets.com/quote/finance.jsp?symbol=MFYS just click Quarterly Report.
Sources:
M2 Communications, Ltd.
and
Medify Solutions Ltd.
For further information:
Jonathan Bryant, Group Chairman,
Medify Solutions,
Tel: +44(0)845-034-4090
jbryant@medifysolutions.com
�About Medify Solutions, Inc.: The Medify Solutions group of companies are focused on the development, taking to market and delivery of leading edge mobile solutions for the healthcare market. With operations across the EU, Medify are at the forefront of the technology revolution in patient care. Medify Solutions are the first business to have developed a Secure Remote Access product for the Healthcare market – addressing critical requirements of Governmental strategic initiatives, Using the latest integrated mobile client based technologies.
Forward Looking Statements: This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words “estimate,” “project,” “intends,” “expects,” “believes,” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbour” provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of Medify Solutions Limited, see “Risk Factors” in the Company’s Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
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