AMS Homecare Inc.
OTC Bulletin Board : AHCKF

AMS Homecare Inc.

July 05, 2005 09:00 ET

AMS Homecare to Acquire Vytron Communications

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 5, 2005) - AMS Homecare Inc. (OTCBB:AHCKF): a national provider of mobility products, durable medical products and patient monitoring technology to the aging North American population, is pleased to report that the company has agreed to acquire a fifteen percent interest in Vytron Communications of Toronto for $1.5 million dollars CDN. The funds are to be allocated for the purchase of certain assets, which AMS Homecare will own jointly and in addition the investment will include a fifteen percent interest in the shares of Vytron Communications. The company has also negotiated the first right of refusal to acquire an additional 40% of Vytron over the next five years.

Vytron Communications is a CRTC registered non-domestic carrier and reseller of Bell Telephone services and equipment. Vytron is active in biometric security systems, automation, telephone, Internet and Ethernet Services providing industries software solutions for Communication and Security services.

The acquisition allows the Company to acquire assets that further its vision of providing improved security and monitoring in Healthcare facilities. The Company will work closely with Vytron and its partners, consultants and associates to implement a plan that will expand the services offered by Vytron and by AMS. The company hopes to close the transaction in a phased manner over the next few months.

The company continues to negotiate to acquire an equity interest in another technology company. Updates will be provided as progress is made with the negotiations. The company is in negotiation with its financiers and new financiers on obtaining additional funding.

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.

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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