Healthscreen Solutions Inc.

Healthscreen Solutions Inc.

December 17, 2007 10:41 ET

Healthscreen Receives $2.36 Million From Exercise of Warrants

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2007) - Healthscreen Solutions Inc. (TSX VENTURE:MDU) ("Healthscreen" or the "Company") a premier supplier of electronic medical record "EMR" software and practice enhancing services, is pleased to announce that it has received gross proceeds of $2,364,218 as a result of the forced Acceleration Event on all outstanding warrants. The Company received $2,220,355 from the exercise of 12,335,304 warrants at $0.18, and an additional $143,864 from the exercise of 1,150,910 broker warrants at $0.125.

These proceeds ensure the Company is well capitalized for continued growth of its core business, and will be used for general working capital purposes.

The early exercise notice of all outstanding warrants related to the May 2007 private placement was triggered on November 9, 2007 when a provision from the placement was met: the 30-day simple moving average of Healthscreen's shares was equal to or greater than $0.35.

Healthscreen's total common shares outstanding is now 68,123,311 shares.

About Healthscreen Solutions Inc.

Healthscreen Solutions ( offers a comprehensive suite of practice enhancing products and services designed to increase physician revenues, reduce costs and improve patient care. The Company's robust OHIP billing and patient scheduling software is used by over 4,000 full-time physicians and handles more than $1.5 billion in healthcare transactions a year.

Healthscreen's Electronic Medical Record (EMR) software supports digitalization and network connectivity for community specialists and family physicians plus a growing list of research groups. The Company's broader goal of Continuous Practice Enhancement is being further realized with a growing list of revenue-generating services such as CallerMD, which assists doctors in managing a range of uninsured medical services and PrevCareMD which allows doctors to maximize government-funded preventive care bonuses.

Disclaimer: Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The company assumes no obligation to update any forward-looking statements contained in this release. Trading in the securities of Healthscreen should be considered highly speculative.

The TSX Venture Exchange has in no way approved nor disapproved the contents of this news release.

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