MediSolution Ltd.
TSX : MSH

MediSolution Ltd.

March 29, 2006 09:00 ET

MediSolution Ltd.: CRIM Selects Virtuo Financial Management Solution to Improve Operational Efficiency

MONTREAL, QUEBEC--(CCNMatthews - March 29, 2006) - MPlex Solutions®, a division of MediSolution Ltd. (TSX:MSH), announced today that it has been awarded a contract by CRIM (Centre de recherche informatique de Montreal) for the implementation of its Virtuo® Financial Management solution. MPlex will provide CRIM with a solution that will streamline the management of its business activities. The system will be implemented over the next few months.

Specially designed for businesses in the service sector, the Virtuo product suite includes modules for financial management, budget tracking and control, project costing, purchasing as well as human resources management. In addition, the solution has the flexibility to scale as the organisation's needs evolve.

"We are currently updating our administrative systems", said Yves Sanssouci, President & CEO at CRIM. "We were searching for a partner that could provide us with a proven solution in Quebec and meet our requirements for an efficient and scalable system".

"This contract confirms Virtuo's ability to meet the unique financial management, materials management and human capital management needs of research institutes and other service sector businesses," said Paul Lepage, Executive Vice-President and COO at MediSolution Ltd.

About CRIM

In its role as a technology and knowledge transfer centre, CRIM is a major contributor to the information technologies industry. The organisation provides leading edge services across a range of activities, including research and development, training, watch, security, as well as best practices and software testing. Recognized as a technology accelerator, CRIM relies on its highly skilled personnel to increase the value of businesses through the transfer of expertise, knowledge, best practices and technologies. For more information, go to www.crim.ca

About MediSolution and MPlex Solutions

With over twenty years experience in technology automation, MPlex Solutions provides financial, payroll and human resource solutions and services to more than 200 customers in the government, institutional and municipal sectors. The Virtuo suite is comprised of financial, budgeting, procurement, human resources, scheduling, payroll and business intelligence applications. For more information, visit www.mplexsolutions.com or www.medisolution.com

MediSolution (TSX:MSH) is a leading healthcare and public sector information technology company, providing software, solutions and services to customers across North America. More than 500 hospitals, clinics and other healthcare facilities as well close to 200 public sector and related organizations rely on MediSolution's systems to maximize their operational efficiencies, lower their costs, and improve the delivery of services.

Note: This press release contains "forward-looking statements" regarding MediSolution's MPlex business unit and its Virtuo Financial Management Solution product. Readers are cautioned not to place undue reliance on forward-looking statements because they involve known an unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forth in the forward-looking statements include delays in the implementation of the project, the cancellation of the contract and the product's failure to generate anticipated business efficiencies for the client.

Contact Information

  • MediSolution Ltd.
    Paul Lepage
    Executive Vice President and Chief Operating Officer
    (514) 850-5040
    info@medisolution.com