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IHP International Health Partners

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Delayed by 15 minutes
Share Name Share Symbol Market Type
International Health Partners TSXV:IHP TSX Venture 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 -

International Health Partners Inc. to Seek Approval to Sell Dental Clinics

04/06/2008 9:04pm

Marketwired Canada


International Health Partners Inc. ("IHP") (TSX VENTURE:DOC) announced today
that it is submitting for review to the TSX Venture Exchange a draft information
circular with respect to a proposed Annual and Special Meeting (the"IC"), at
which shareholders will be asked to approve (i) the sale of its five dental
clinics to Altima Dental Canada Inc. ("Altima") for a purchase price of
$956,000. In addition to the purchase price, Altima will convert $263,933
outstanding under an outstanding convertible debenture convertible at $.06 per
share. These two transactions will reduce the company's total liabilities and
indebtedness by $1,219,933.00.


Altima is beneficially owned by Drs. George Christodoulou and Sven Grail, each
of whom is a director of IHP. Dr. Christodoulou is also President and Chief
Executive Officer of IHP. The transaction is a Related Party Transaction under
Multilateral Instrument 61-101 and is subject to shareholder approval on a
majority of minority basis.


The independent members of IHP's Board of Directors have approved the
transaction, and have based their approval on an independent valuation of the
dental clinics commissioned by the Board of Directors.


In addition, Management will seek approval of the shareholders for a one for ten
share consolidation.


If accepted by the TSX Venture Exchange, it is anticipated the IC will be mailed
to shareholders on or about June 10, 2008.


A further news release will be issued providing an update on the status of the
mailing of the IC.


International Health Partners Inc. is a medical and dental "Practice Management
Company" in the business of evaluating and consolidating medical and dental
facilities. The Company operates a chain of modern health facilities that
provide primary medical and dental services in the Province of Alberta. For
additional information on the Company, please go to www.ihp.ca or www.sedar.com.


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