TORONTO, Jan. 13 /PRNewswire-FirstCall/ - Med-Emerg International Inc. (OTCBB:MDER) ("MedEmerg"), one of Canada's leading providers of health services, is pleased to announce that it has obtained final court approval from the Ontario Superior Court of Justice approving the previously announced plan of arrangement (the "Arrangement") with AIM Health Group Inc. The Arrangement was approved by a special resolution of MedEmerg's shareholders at a special meeting of MedEmerg's shareholders held on January 8, 2009.
Subject to the satisfaction of certain closing conditions, the Arrangement is expected to close on or about January 15, 2009.
About Med-Emerg International Inc.
MedEmerg specializes in the coordination and delivery of health care services in Canada. These services include an integrated chronic pain management program, community-based infusion centers and health human resource management, including physician and nurse staffing.
MedEmerg's audited revenue for its fiscal year ended December 31, 2007 was approximately US$22 million.
Caution Concerning Forward-Looking Statements
Certain statements in this press release are forward-looking statements, including, but not limited to, those relating to the proposed transaction, the timing of the closing of the proposed transaction and other statements that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "plan", "expect", "believe", "intend", "anticipate", "forecast", "target", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are based on assumptions made by and information currently available to MedEmerg. 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 risks and uncertainties are outlined in MedEmerg's Annual Report on Form 10-K for 2007, and such other documents as are filed with the Securities and Exchange Commission from time to time. MedEmerg does not undertake to review or update these forward-looking statements. MedEmerg qualifies all of the information contained in this press release, and particularly its forward-looking statements, by these cautionary statements.
Additional information about the risks and uncertainties of AIM's and MedEmerg's business is provided in their respective disclosure materials filed with the securities regulatory authorities in Canada, available at www.sedar.com.
|SOURCE MED-EMERG INTERNATIONAL INC.|
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