Prism Medical Ltd (TSX-V:PM) today appear that it has completed the accretion of a UK benefactor of affective and administration accessories and casework for the advancement broken able Dec 1, 2009. The accretion amount was $1.2m which was annoyed by a banknote transaction of $0.7m and deferred payments in the aggregate $0.5m. The deferred payments are repayable over 3 years calm with absorption at 7% over a appellation of 3 years.
The aggregation supplies, installs, casework and maintains a advanced array of accessories including beam lifts, attic lifts, amount lifts and through attic lifts into the home affliction and continued appellation affliction channels.
The key administration of the benefactor accept entered into application affairs and will abide to be amenable for the day to day operations.
Andrew A. McIntyre, Chairman and CEO of Prism stated, “The accretion continues our amplification into the accouterment of artefact and casework for our barter in the UK.
The accretion is accepted to be accretive to balance in the advancing budgetary year and will access our adeptness to accommodate top levels of chump account in the UK and strengthen Prism’s adeptness to assassinate its cardinal plans.”
About Prism Medical Ltd:
Prism Medical Ltd. is a provider of abiding medical accessories and accompanying casework to the advancement disadvantaged in Canada, the U.S. and the United Kingdom. While Prism's history dates aback to 1996, Prism's subsidiaries and capacity accept been application the advancement disadvantaged back the mid 1980's in their homes, abiding affliction accessories and adroit affliction facilities. Prism includes Waverley Glen, North America's premiere beam lift architect with administration above Canada and the U.S., Patient Lifts of New England with administration above the northeastern USA, Westholme and Care Free Lifting & Handling, arch distributors of affective and administration articles in the U.K. and Freeway Health Care, a U.K.-based architect of beam lifts and battery chairs.
Forward-looking Information:
Certain statements in this absolution may aggregate advanced statements. Such advanced statements absorb risks, uncertainties and added factors, which may could cause absolute results, achievement or achievements of Prism to be materially altered from approaching results, achievement or achievements bidding or adumbrated by such advanced statements.
For added information, amuse contact: William G. Edwards, Chief Financial Officer, Prism Medical Ltd.Tel: (416) 260-2145 (Ext. 230), wgedwards@prismmedicalltd.com
The TSX Venture Exchange has not advised and does not access albatross for the adequacy or accurateness of this columnist release.
Press Contact:
Andrew McIntyre
President, CEO and Chairman
Prism Medical Ltd
Vaughan, ON
Tel: (416) 260-2145 ext. 235
Fax: (416) 260-9195
prism@prismmedicalltd.com http://www.prismmedicalltd.com .
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