MediSolution Ltd.

MediSolution Ltd.

January 23, 2008 17:39 ET

MediSolution: TFO Selects Virtuo Financial Management Suite and Virtuo Human Capital Management Suite

MONTREAL, QUEBEC--(Marketwire - Jan. 23, 2008) - Virtuo Solutions, a division of MediSolution, (TSX:MSH), a leading public sector information technology company, announced today that OTELFO, a provider of cultural and educational multimedia content and television programming to Franco-Ontarians, has purchased the Virtuo® Financial Management Suite and the Virtuo® Human Capital Management Suite. The solution will be implemented over the next four months.

The Virtuo® Financial Management Suite (FMS) is specifically designed for public sector and other service organizations wishing to deploy a comprehensive, integrated and decentralized financial and procurement system. Virtuo® FMS provides organizations with the necessary tools to automate, streamline, manage, and easily query the various transactions within their financial processes, while lowering operational costs and improving service levels for their customers and suppliers.

The scalable Virtuo® Human Capital Management knowledge-based system (HCM) automates decision-making processes and frees up HR and Payroll managers so they can focus more on strategic issues and deliver more value to their organizations. The Virtuo HCM suite is a highly flexible system designed to adapt easily to management information needs of any organization.

"We are convinced that the Virtuo® Financial Management Suite and Virtuo® Human Capital Management Suite will allow us to operate more efficiently in general," said Michel Oulimar, Director, Finance and Control at OTELFO. "The systems are highly configurable, flexible and can be operated in French, which is well suited to our environment."

The Human Capital Management Suite allows us to schedule our employees to meet specific project requirements. This solution includes an operations phase analysis function allowing employees and managers to view, edit and approve time sheet information before it goes to payroll. It will provide a wide range of automated tools to the Human Resources department, including workforce management, resource scheduling and time sheet management. Employees will be able to easily access a variety of self-service functions via a Web-based employee self-service portal.

"OTELFO joins the growing base of service organizations using our Financial Management and Human Resources systems," said Paul Lepage, President and Chief Executive Officer at MediSolution. "Our integrated suite with its modular design is an ideal financial and human capital management solution for service organizations."

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, business intelligence and system integration solutions. 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.

OTEFLO (Office des telecommunications educatives de langue francaise de l'Ontario) is a company that comprises the TFO television network. TFO can be accessed via Rogers' basic service and more than 300 other cable operators in Ontario. TFO is also available via the basic service provided by cable distributors in New-Brunswick, and in nearly one million homes in Quebec via cable distribution by Videotron's Illico digital television service and satellite services licensed for distribution systems such as ExpressVu, Star Choice and Look Communications. To find out TFO's broadcasting channel in your neighbourhood, visit

This press release contains "forward-looking statements" regarding Virtuo Solutions' Virtuo Financial Management Suite, Human Capital Management Suite, and its recent contract with OTELFO. 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 OTELFO and Virtuo Solutions and the Virtuo Financial Management and Human Capital Management Suites' failure to generate anticipated business efficiencies and value for the client.

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