MEDX Health Corp.

MEDX Health Corp.

April 30, 2007 11:43 ET

MedX Health Corp Announces Operating Results For The Year Ended December 31, 2006

MISSISSAUGA, ONTARIO--(CCNMatthews - April 30, 2007) - MedX Health Corp., a leader in the development, manufacture and distribution of innovative phototherapy devices, is pleased to announce its results for the year ended December 31, 2006.

Revenue for 2006 was $2,596,381 compared to $2,932,125 in 2005, a decrease of $335,744 or 11.5%. Margins were unchanged in 2006 at 78% vs. 78% in 2005.

MedX reduced its loss in 2006 to $1,558,787 compared to a net loss of $1,768,282 from a year earlier. 2006 results were adversely affected by option and warrant valuations and the decision to write off all remaining deferred product development expenses at the end of the year. These year end non-cash adjustments totaled $421,000. The Company reduced Selling, General and Administration expenses by over $697,000 from 2005 reflecting much tighter controls started earlier in the year and continuing into 2007.

"We are satisfied with the achievements our Company has made in the past year." said Phil Passy, President & CEO of MedX Health. "Management faced several major challenges in 2006 including delayed financing efforts and cash restraints. In spite of this, exciting developments in new products and markets began and the Company has an exciting and promising future over the next few years. In order to support these product development efforts, the Company has embarked on a financing initiative that is on-going at this date and is expected to add significantly to the Company's ability to execute its plan for the future. We expect that this will result in increased sales and profits beginning in the last quarter of 2007. Our research indicates that new markets in wound care and dental will add significantly to our revenues. Management is extremely optimistic about the coming months."

About the Company - MedX, the phototherapy experts, are leaders in the development, manufacture and distribution of innovative phototherapy medical devices. MedX products offer effective treatment through a powerful and proven modality - giving patients a rapid, drug free and non-invasive healing solution. MedX products are used by practitioners in clinics, academic facilities, and hospitals as well as by professional athletes and sports teams to improve quality of life through accelerating healing and reducing pain. MedX brand products are US FDA and Health Canada cleared and are produced in an ISO 9001:2000 and ISO 13485:2003 certified manufacturing and testing facility. For a complete profile of MedX Health Corp. and its products visit

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