MEDX Health Corp.

MEDX Health Corp.

March 05, 2007 15:32 ET

MedX Health Enters Into Agreement With Westminster Securities

Private Placement Offering to Commence

MISSISSAUGA, ONTARIO--(CCNMatthews - March 5, 2007) - MedX Health Corp., a leader in the development, manufacture and sale of innovative phototherapy devices, is pleased to announce that it has signed an engagement agreement with Westminster Securities Corp. to secure financing for the Company of up to $10 Million US. The financing will be offered through a private placement of the Company's securities and is expected to commence on March 5, 2007.

The pricing of the private placement is expected to be $1.00 US per unit consisting of one common share and one purchase warrant. The warrant can be exercised at 125% of the issue price of the unit and will expire two years after the closing date. Marketing of the Company's securities is expected to commence on March 5, 2007 with the financing closing on or about March 31, 2007. The securities will be offered in the United States by Westminster Securities and through a consortium of investment dealers in Canada. The use of the expected funds is for research and new product development for consumer, wound care and arterial applications, sales and marketing expansion and working capital.

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 www.medXhealth.com.

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