ZoomMed inc.
TSX VENTURE : ZMD

ZoomMed inc.

April 27, 2010 18:07 ET

ZoomMed Announces a Private Placement

MONTREAL, QUEBEC--(Marketwire - April 27, 2010) - ZoomMed Inc. (TSX VENTURE:ZMD), creator of the ZRx Prescriber, the e-Pic communication network and the ZRx Pharma communication network announces that it intends to raise a minimum of $2,000,000 to a maximum of $2,700,000 through a non-brokered private placement of units. Each unit, priced at $0.20 will consist of one common share of ZoomMed. A minimum of 8,500,000 and a maximum of 13,500,000 common shares of ZoomMed may be issued under this private placement.

The company expects to close the offering on or about May 6th 2010. Closing of this private placement will be subject to the approval of the TSX Venture Exchange.

Use of proceeds will be used to develop new services, which are more and more requested, and marketing activities in order to increase revenues and Cash Flows.

About the ZRx Prescriber

ZoomMed developed the ZRx Prescriber, a technologically innovative Web application that enables physicians to use a wireless device, such as the IPod Touch™, IPhone™, other PDA's or computers, to rapidly write and deliver scripts. The ZRx Prescriber is quick, efficient and intuitive. Since it is a stand-alone product, it can easily be integrated to any Electronic Medical Record application (EMR).

About the e-Pic communication network

ZoomMed's e-Pic communication network allows intercommunications between physicians who use the ZRx Prescriber and pharmacists who are members of the network. Thus, physicians and pharmacists can transfer, capture (scan), and electronically receive prescription information and prescription renewal information through this high speed and entirely secure network.

About the ZRx Pharma communication network

ZRx Pharma communication network, the new revolutionary communication tool, allows information dissemination and intercommunication between pharmaceutical corporations and physicians using the ZRx Prescriber, such as; continuing medical education, new product launches, medical training, major medical alerts, clinical studies and surveys.

Forward-Looking Statements

Certain statements contained in this news release, other than statements of fact that are independently verifiable at the date hereof, may constitute forward-looking statements. Such statements, based as they are on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown, many of which are beyond ZoomMed's control. Such risks include but are not limited to: the impact of general economic conditions, changes in the regulatory environment in the jurisdictions in which ZoomMed does business, stock markets volatility, fluctuations in costs, and changes to the competitive environment due to consolidation, as well as other risks disclosed in public filings of ZoomMed. Consequently, actual future results may differ materially from the anticipated results expressed in the forward-looking statements. The reader should not place undue reliance, if any, on the forward-looking statements included in this news release. These statements speak only as of the date made and ZoomMed is under no obligation and disavows any intention to update or revise such statements as a result of any event, circumstances or otherwise.

The TSX Venture Exchange does not assume any responsibility for the adequacy or accuracy of this press release.

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