Vigil Health Solutions Inc.
TSX VENTURE : VGL

Vigil Health Solutions Inc.

October 20, 2009 09:57 ET

Vigil Health Solutions Secures $770 Thousand Sale

VICTORIA, BRITISH COLUMBIA--(Marketwire - Oct. 20, 2009) - Vigil Health Solutions Inc. ("Vigil") (TSX VENTURE:VGL), is pleased to announce receipt of a signed contract for $770 thousand from a leading North American provider of seniors housing. The client's project is the largest system implementation in Vigil's history.

Located in Virginia the 108-acre campus is one of the largest senior living communities in the country. The signed contract received in September is the 17th sale to this corporate group and utilizes Vigil's latest hybrid wireless/wired emergency call technology in a large, multi-building Continuing Care Retirement Community (CCRC).

"Our scalable solution has been proven in sites ranging in size from a few residents up to high rises as well as campuses spread over several acres. This sale is a testament to the breadth of the technology and the capabilities of our team at implementation." said Troy Griffiths, President, Vigil Health Solutions Inc.

For information on other second quarter sales please see the Company's quarterly news release to be disseminated in November.

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding seniors' housing market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System(TM) (Vigil(R) System) includes the award-winning Vigil Dementia System, a nurse call system, bed monitoring, resident check in, and the Vigil Wireless call system. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

Vigil records revenue under the completed contract method of revenue recognition. The timing of the installation of the technology is often dependent on facility construction schedules, which can result in a considerable lag between receipt of contracts and revenue recognition. Completion of this project and recording of associated revenue is subject to normal business conditions.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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