AMS Homecare Inc.
OTC Bulletin Board : AHCKF

AMS Homecare Inc.

August 02, 2005 06:00 ET

AMS Homecare to Acquire a 40% Interest in Wireless2000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 2, 2005) - AMS Homecare (OTCBB:AHCKF) announced today that it has entered into an agreement to acquire a 40% interest in Wireless 2000 of Burnaby, British Columbia, Canada (www.wireless2000.com) a technology company involved in the research and development of Ultra Wide Band products, such as the Heart Rate and Respiration Monitor and Precision Location & Tracking System.

In addition to the new share purchase agreement between the Company and Wireless 2000, announced today, AMS recently announced on March 28, 2005 that it had entered into a binding agreement with Wireless 2000 to acquire the exclusive distribution rights to distribute its products into the health care, residential elder care, medical offices and hospital markets in North America.

Mr. Harj Gill, CEO, states, "The Company is continuing to assemble technology, products and distribution rights that will assist seniors and the disabled in providing them with more freedom, mobility and security. We believe that an acquisition of a 40% interest in Wireless2000 will allow the company to secure and market a range of products that will provide increased security and well-being for our customers."

As previously reported, Wireless 2000 has developed a patent pending Ultra Wideband (UWB) technology. It has agreed to develop and provide to AMS Homecare a human Heart and Respiration Rate Monitor (HRRM) and a Precision Location & Tracking System (PLT) for locating and tracking patients and equipment around hospitals and healthcare facilities.

"We expect to provide an update regarding the development of the HRRM commercial prototype in the next few weeks. In addition, the Company also expects to announce the opening of its first 65PLUS store shortly", stated Mr. Gill. The Company also reports that at its AGM held on July 29, 2005 the shareholders re-elected the directors of the board. The board was unanimously elected with 79% of the total outstanding votes voted. All of the remaining resolutions were approved with greater than 95% - 100% of the shares voted. Ms. Rani Gill, President said, "I am very pleased with the high voter participation rate and with the overwhelming support provided by shareholders to the management and board."

Founded in 1989, AMS Homecare is a successful purveyor of mobility equipment, durable and disposable medical products and patient monitoring technology that is recognized for its innovation, quality and style. With a base of 300-plus dealer customers in Canada, the company is moving forward to strengthen its foundation and to build an organization capable of serving the independence needs of the aging populations in Canada and the United States. More information is available at www.amshomecare.com.

Safe Harbor Statement: Statements contained in this fact sheet relating to AMS Homecare that are not historical facts are "forward-looking" under the Private Securities Litigation Reform Act. Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated to update its forward-looking statements.

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