SOURCE: Infinity Medical Group

Infinity Medical Group

February 25, 2009 09:15 ET

Infinity Medical Group Inc. Updates 18 Yonge Street Project

TORONTO--(Marketwire - February 25, 2009) - Infinity Medical Group Inc. (PINKSHEETS: IMGR), a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics that offer elective medical and dental procedures, is pleased to announce that it expects its 18 Yonge Street location, that includes a Rejuvena MedSpa and a Dental Implant Partners, to be completed by the summer of 2009.

Infinity Medical Group has completed the design and bid process for its 18 Yonge Street location and expects full construction to commence.

Infinity Medical Group Inc. is a specialty healthcare development company whose primary focus is in servicing the cosmetic medical laser and dental implant fields. Infinity Medical Group provides turnkey support for both medical and dental professionals and aids in their professional development through the emerging fields of cosmetic medical lasers and dental implants. Infinity differentiates itself by offering "what it takes to operate and grow a group of clinics."

Management is excited to announce the completion of the design and bid process of our 18 Yonge Street location. Even though this has taken longer than expected, the company feels it was important to plan out this location thoroughly since this can be a model for all future locations.

About Infinity Medical Group Inc.:

Infinity Medical Group Inc. is a specialty healthcare development company focusing on the building, finance and management of cosmetic medical laser and dental implant clinics offering elective procedures.

About The 18 Yonge Street Project:

The 18 Yonge Street Project is a commercial retail space at the bottom of a 39 storey Condominium complex and an easy walk to the Waterfront, Air Canada Centre, Union Station, Financial District and the 48 storey 872 unit Maple Leaf Square Condominium complex. New-condominium sales in the City of Toronto were up 45.7 percent last year, going from 13,535 units in 2006 to 19,724 in 2007 according to officials from the Building Industry and Land Development Association (BILD), announced on 2/22/2008 in a news release. Downtown Toronto is undergoing a building boom. According to an unofficial estimate assembled by National Post staff on December 19th 2007, the vertical expansion totals about 3,005 storeys, including at least 37,355 condo units.

Cautionary Statement Regarding Forward-Looking Information: Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "potential," "estimate," "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Contact Information

  • For further information, contact:
    Karen Willoughby
    Investor Relations
    Phone: 1-866-365-4724
    Website: www.infinitymedical.com