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EZM Easy Technologies Inc.

0.07
0.00 (0.00%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Easy Technologies Inc. CSE:EZM CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.07 0.005 0.05 0 01:00:00

Further Information for EasyMed's Shareholders on the Proposed Business Combination With Biosign

04/04/2012 4:29pm

Marketwired Canada


EasyMed Services Inc. (CNSX:EZM)(OTCBB:EMYSF)(MUN:EY6) ("ESI") would like to add
further pertinent background details of its intended partner Biosign
Technologies Inc. (TSX VENTURE:BIO) ("Biosign") for our investors. Due to some
diffusion issues, a background to Biosign in our announcement dated April 2nd
was not relayed. 


We were pleased to announce on April 2nd that ESI have entered into a letter of
intent dated April 1, 2012 (the "Letter of Intent") with Biosign Technologies
Inc. (TSX VENTURE:BIO) ("Biosign") to complete a business combination (the
"Transaction"). BIO, a public company with headquarters in Toronto, Canada,
provides biomedical systems. Key applications include intelligent systems for
non-invasive monitoring of common health risks associated with blood pressure,
glucose, and medication. The core technology combines measurement, analysis, and
rapid knowledge formation to support health monitoring across global markets.
Upon completion of the Transaction, it is intended that the combined entity will
continue to carry on the business of ESI and will be listed on the TSX-V. 


For full information on the proposed transaction between ESI and Biosign please
refer to the press release dated on April 2nd 2012. 


We outline for our investors a description of Biosign to allow them to fully
understand Biosign's extremely compatible resources with ESI going forward.


Information Concerning Biosign. Biosign Technologies Inc. is a public company
traded on the TSX - Venture Exchange ("TSX-V") under the symbol BIO and was
formed via an amalgamation under the Business Corporations Act (Ontario) on July
14, 2006. The predecessor operating company was Biosign Technologies Inc. which
was incorporated under the Business Corporations Act (Ontario) on March 11,
2004. 


Biosign is an ISO 13485 Certified Medical Device company that has invested in
excess of $15million to develop technologies, products and initiatives to
address critical problems in global health care. Biosign is committed to
becoming the "world's health monitor" with a robust, integrated and portable
system that provides valuable information to stakeholders. Biosign's
breakthrough technology and continued innovation serve the Company's mission to
make health care safe, simple, and sensible. 


Biosign provides an end-to-end solution for non-invasive monitoring, analysis
and reporting of health data critical to the management of cardiovascular
conditions through their proprietary platform "UFIT". The UFIT(R) cuff
painlessly captures the pulse waveform from the patient's pulse and transmits it
to the cloud through a computer. Biosign proprietary algorithms analyze the data
in seconds to report blood pressure and other cardiovascular measurements.
Biosign's analysis and reporting tools give patients and their healthcare team
secure access to real-time and longitudinal health information for treatment
planning, evaluation, and management. 


In October 2010 Biosign acquired Healthanywhere(TM) ("HA") for consideration of
approximately $3,400,000. The HA intellectual property includes a 510k clearance
from the U.S. Food and Drug Administration for the HA solution as a Class II
medical device. HA provides software solutions addressing the continuum of care
from wellness promotion and self-managed care to chronic disease management. 


ESI Chief Executive Officer Andrew Ritchie commented: "We want to inform our
shareholders and the broader investment community of the great rationale for the
proposed merger between these two companies. After having executed the
Joint-Venture agreement with Biosign earlier this year it became evident that a
merger was the right way forward to maximize both companies' unique technical
and human resources in the domain of telemedicine."


About EasyMed Services Inc. 

EasyMed Services, Inc. (CNSX:EZM)(OTCBB:EMYSF)(MUN:EY6) is a global medical
information technology company delivering an end to end patient care solution
through mobile phone/PDA and server technologies offering specialized services
and applications for healthcare, insurance and pharmaceutical industries. We are
committed to world-class customer service and the protection of our clients'
information. 


For more information, visit www.easymedservices.com.

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. These forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Investors are cautioned that these forward looking statements
are neither promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and, except as
required under applicable securities legislation, the Company does not assume
any obligation to update or revise them to reflect new events or circumstances.


1 Year Easy Technologies Inc. Chart

1 Year Easy Technologies Inc. Chart

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1 Month Easy Technologies Inc. Chart