Medify Solutions Limited – MFYS
Medify International Limited a wholly owned subsidiary of Medify Solutions Limited – MFYS is to float a dedicated operation in the UAE.
Due to huge demand and interests on the Medify proposition, the International division of Medify Solutions Limited Inc and the Board, decided that to maximize the opportunity granted to Medify in the UAE, the company would set up and float an operation bases out of the UAE to manage and deliver its Asian business.
The company will be set up to deliver the Medify Suite of products and follow the same proven principles as demonstrated in the UK. This company will be used as the bench mark and gold standard for all future operations in the Global market place. This exciting development will allow Medify to take a lead in Global healthcare and set the standards.
The set up company, as with all others, will be a self financing and managing entity, reporting to the Board of Medify Solutions Limited Inc. As with the Medify International float, all existing shareholders at the time of the float will receive a share for share dividend with the company being floated on the Dubai Board of Exchange.
Jonathan Bryant, Executive Chairman, said: “The continued demand and interest in the Medify proposition globally is immensely encouraging and significant. Again as a company we can not only deliver to our customers the proven benefits of MedfiyRemote, but we are enabled through their belief, to set up dedicated teams to deliver in situ in each and every country and continent. This demand not only allows us to ensure the success of our business globally, but it allows us to reward the patience and belief shown by those who invested in Medify Solutions Limited Inc. As a company we have made significant steps forward in delivering the business in the UK, Italy and now the UAE which for our shareholders is not only good news, but directly results in increased shareholding, which to date is now three times any investment held from May 2006, at no additional cost. I truly believe the company is at the threshold of commercial success and the latest floatation announces, from my perspective, has proven and justified the Board’s decision to re-structure the company.”
Stay tuned: Experienced leadership at the helm.
Medify Solutions Ltd announced on May 23, 2006, the release of its quarterly business report. This report is available on: Pink Sheets; 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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