FMX Ventures Inc. formerly Footmaxx Holdings Inc.

FMX Ventures Inc. formerly Footmaxx Holdings Inc.

October 22, 2007 15:56 ET

Footmaxx Receives Shareholder Approval

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2007) - Footmaxx Holdings Inc. (TSX VENTURE:FMX) -

The Company is pleased to announce that the special resolution for the sale of substantially all of its operating assets to Footmaxx of Canada ULC, Footmaxx of New Hampshire, Inc. and Footmaxx of Virginia, Inc., each of which is unrelated to the Company and its securityholders, for aggregate cash consideration of $16,300,000 and the assumption of obligations related to the Company's business (the "Transaction") was approved at a special meeting of shareholders.

The resolution approving the Transaction was approved by holders of approximately 99.8% of the Company's common shares who were present in person or voted by proxy at the special meeting of shareholders held on October 19, 2007. Closing of the Transaction is anticipated to occur on or about November 1, 2007.

Forward-looking Statements

This release may contain projections and other forward-looking statements regarding future events. Such statements are predications involving known and unknown risks, uncertainties and other factors that may cause the actual events or results to be materially different. Although the Company believes that the forward-looking statements contained herein are reasonable, it can give no assurance that the Company's expectations are correct. For information concerning factors affecting the Company's business, the reader is referred to the documents that the Company files from time to time with applicable Canadian securities and regulatory authorities.

Footmaxx produces and globally markets high quality, state-of-the-art orthopaedic devices and products. Footmaxx's diagnostic system and proprietary software provides detailed information which enable clinicians to further evaluate patients for certain for knee, hip, lower back and bio-mechanical problems. For more information on Footmaxx visit:

Number of Common Shares issued to date - 41,131,205

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