Healthscreen Solutions Inc.
TSX VENTURE : MDU

Healthscreen Solutions Inc.

November 12, 2007 17:11 ET

Healthscreen Accelerates Outstanding Warrants Expiry Date to December 10, 2007

TORONTO, ONTARIO--(Marketwire - Nov. 12, 2007) - Healthscreen Solutions Inc. (TSX VENTURE:MDU) ("Healthscreen" or the "Company") a premier supplier of electronic medical record (EMR) software and practice enhancing services, last week mailed notification to all investors who participated in the May 2007 private placement, informing warrant holders that the expiry date of their warrants has been accelerated to December 10, 2007.

Each unit in the private placement consisted of one common share at $0.125 per unit, and one common share purchase warrant exercisable at $0.18 per share during the period commencing May 8, 2007 ("Closing Date") and ending on the earlier of: (i) May 8, 2009; or (ii) after the occurrence of an Acceleration Event. The Acceleration Event occurs when the 30-day simple moving average of the closing price of the common shares on the TSX Venture Exchange is equal to or greater than $0.35 per common share at any time after the Closing Date.

As of the close of business on November 9, 2007, the 30-day simple moving average of Healthscreen's shares was equal to or greater than $0.35, thus triggering the Acceleration Event.

Investors who wish to exercise their warrants are required to forward the executed Schedule "A" - Subscription Form and certified funds representing the aggregate exercise price to the Corporation at 80 Bloor Street West, Suite 1200, Toronto, Ontario M5S 2V1. Warrants not exercised by December 10 at 5:00 PM EST will expire without further notice.

About Healthscreen Solutions Inc.

Healthscreen Solutions (www.healthscreen.com) offers a comprehensive suite of practice enhancing products and services designed to increase physician revenues, reduce costs and improve patient care. The Company's robust OHIP billing and patient scheduling software is used by over 4,000 full-time physicians and handles more than $1.5 billion in healthcare transactions a year.

Healthscreen's Electronic Medical Record (EMR) software supports digitalization and network connectivity for community specialists and family physicians plus a growing list of research groups. The Company's broader goal of Continuous Practice Enhancement is being further realized with a growing list of revenue-generating services such as CallerMD, which assists doctors in managing a range of uninsured medical services and PrevCareMD which allows doctors to maximize government-funded preventive care bonuses.

Disclaimer: Statements in this release that are forward looking involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to be materially different from any future performance that may be suggested in this release. The company assumes no obligation to update any forward-looking statements contained in this release. Trading in the securities of Healthscreen should be considered highly speculative.

The TSX Venture Exchange has in no way approved nor disapproved the contents of this news release.

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