MediSolution Ltd.

MediSolution Ltd.

April 23, 2008 18:16 ET

MediSolution Ltd.: The Societe de Transport de Laval and Reseau de transport de la Capitale Select the Virtuo Billing/AR Management Solution

MONTREAL, QUEBEC--(Marketwire - April 23, 2008) - Virtuo Solutions, a division of MediSolution Ltd. (TSX:MSH), announced today that it has signed a contract with the Societe de transport de Laval and Reseau de transport de la Capitale for the implementation of its Virtuo Billing/AR Management solution. The Billing/AR Management solution will allow the import of information related to the ticket sale by their various distributors, which will in turn automatically issue invoices for these distributors. The system will be implemented over the next few months.

MediSolution's invoicing module is designed to facilitate interoperability between Virtuo Solutions' software products, since it is fully integrated to the Virtuo financial product line. The Billing/AR Management solution will interface with the Affiliated Computer Services (ACS), smart card solution.

"The Virtuo Billing/AR Management module is the perfect solution for customers in the service industry who are looking for solutions that will improve their information technologies' efficiency, optimise their current applications and reduce their operating costs," said Paul Lepage, President and CEO of MediSolution. "This solution will help the Societe de transport de Laval and Reseau de transport de la Capitale to better control their operations, while reducing the risk of human error related to the entry of invoicing data by, among other benefits, automating the exchange of information with the smart card system."

Designed for the service industry, the Virtuo product line includes, among others, financial management, budget follow-up and control, project costs, procurement management as well as human resources management.

About Virtuo Solutions

With over twenty years experience in technology automation, Virtuo Solutions provides financial, payroll and human resource solutions and services to customers in government, institutional, municipal and other service sectors. The Virtuo product portfolio includes human capital management, financial management and business intelligence. Virtuo Solutions is a division of MediSolution, Ltd.

Founded in 1974, MediSolution (TSX:MSH), a Brookfield Asset Management company, is a leading healthcare and service sector information technology company, providing software and services to healthcare and service sector customers across North America.

More than 500 hospitals and other healthcare facilities and close to 200 public and service sector organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs and improve the delivery of services.

For more information, visit or

This press release contains "forward-looking statements" regarding Virtuo Billing/AR Management solution, and its recent contract with La Societe de transport de Laval and le Reseau de transport de la Capitale. The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include the cancellation of the agreement between La Societe de transport de Laval and Le Reseau de transport de la Capitale and Virtuo Billing/AR Management solution's failure to generate anticipated business efficiencies and value for the clients.

Contact Information