Moseda Technologies Inc.
TSX VENTURE : MSD

Moseda Technologies Inc.

September 30, 2015 08:00 ET

Moseda Technologies Announces Health Canada Approval for Medical Device Establishment License

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 30, 2015) - Moseda Technologies Inc. (TSX VENTURE:MSD) ("Moseda" or the "Company"), a technology company focused on developing progressive mobile health (mHealth) and telemedicine solutions for institutional and home healthcare, is pleased to announce that the Company has been issued a Medical Device Establishment License (the "MDEL") (license number 6711) by Health Canada. The license allows the Company to import Class III medical devices and distribute them within Canada.

"Obtaining a Medical Device Establishment License is one of the key steps towards adoption of our healthcare software. The ability to access software market share through the sale of already commercialized devices is a major component of our go-to market strategy," said Nicolas Murray, CEO of Moseda. "We have seen growing demand for mHealth and telemedicine solutions from private and public institutions in order to reliably support remote patient monitoring programs. mHealth and telemedicine technology allow for more efficient, convenient and potentially more cost effective delivery of care. Offering patients and physicians reliable health devices to perform routine check-ups and health assessments remotely is a key factor in determining the long-term success of such programs."

The Company is in negotiations with an international pharmaceutical and medical device company to become a reseller of their device in Canada. Pending procurement of devices the Company plans to launch sales in Q4-2015.

ON BEHALF OF THE BOARD

Nicholas Murray, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".

We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Moseda Technologies Inc. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

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