Sonomax Hearing Healthcare Inc.

Sonomax Hearing Healthcare Inc.

December 04, 2007 07:00 ET

Sonomax Announces Early Exercise of Share Purchase Warrants by Institutional Investors

MONTREAL, QUEBEC--(Marketwire - Dec. 4, 2007) - Sonomax Hearing Healthcare Inc. (TSX VENTURE:SHH) is pleased to announce that among others, Sprott Asset Management and NATCAN Investment Management's Le Fond ACCRO have supported Sonomax's growth initiatives through early exercise of common share purchase warrants.

Gross proceeds of $1,630,000 have been received thus far, with an additional $3,500,000 of institutional money plus $1,500,000 of funding from individual investors committed to Sonomax by way of early exercise of share purchase warrants to fund the Company's ongoing expansion into the retail channel as recently announced in reference to its partnership with Virgin MEGASTORES in the United States, as well as its expansion into the military communications and hearing protection marketplaces.

"We are encouraged by this proactive and supportive measure taken by these valued institutional and private investors," said Mr. Nick Laperle, President of Sonomax.

Please note that Sonomax will host a conference call on December 12, 2007 from 10:00 a.m. to 11:00 a.m. to discuss third quarter results, report on progress, and respond to listeners' questions. Sonomax invites all interested parties to participate by dialing 1-416-644-3415, or toll free 1-800-732-0232 (North America only). International callers please dial +1 416-644-3415. You will be put on hold until the conference call begins.

About Sonomax

Sonomax Hearing Healthcare Inc. is a leader in the development and manufacturing of intra-ear technology. The company's patented custom-fit, instant-fit expansion earpieces deliver a perfect acoustic seal every time and can be certified by SonoPass®, the company's proprietary, computer generated proof-of-performance software. Building on its technology leadership in hearing protection, Sonomax has expanded the applications for its technologies into high growth consumer markets such as MP3 audio, multi-media and gaming earphones, as well as Bluetooth® headsets for telephony, through its subsidiary VitaSound Audio Inc.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Hearing Healthcare Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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