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InfoLogix Files Preliminary Proxy Statement in Connection with Special Meeting of Its Stockholders to Approve Recapitalization Plan
Date:8/21/2009

HATBORO, Pa., Aug. 21 /PRNewswire-FirstCall/ -- InfoLogix, Inc. ("InfoLogix" or the "Company") (Nasdaq: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, today announced that it has filed a preliminary proxy statement with the U.S. Securities and Exchange Commission ("SEC") in connection with a special meeting of stockholders of InfoLogix to approve a proposed recapitalization plan of the Company and certain related matters.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090618/NE35135LOGO )

On August 20, 2009, InfoLogix signed a non-binding term sheet with NewSpring Capital, LLC ("NewSpring") outlining the terms and conditions under which NewSpring and a syndicate of other undetermined investors would purchase up to $23 million of convertible preferred stock of InfoLogix, as well as warrants to purchase shares of common stock of the Company. The Company has not entered into any definitive agreements in connection with the proposed recapitalization plan. To the extent that it is consummated at all, the recapitalization plan as described in the preliminary proxy statement filed on August 21, 2009 is subject to change based upon negotiation of the final terms and execution of the definitive agreements.

Additional Information

Investors are advised not to put undue reliance on the description of the term sheet provided in the preliminary proxy statement. If the terms and conditions of the proposed recapitalization plan change materially from those disclosed the preliminary proxy statement, the Board of Directors of InfoLogix will seek stockholder ap
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SOURCE InfoLogix, Inc.
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