MediSolution Ltd.

MediSolution Ltd.

October 23, 2006 17:00 ET

Netsmart Technologies to Resell MediSolution's Laboratory Information System Solution to Healthcare Organizations in the US

MONTREAL, QUEBEC--(CCNMatthews - Oct. 23, 2006) - MediSolution Ltd (TSX:MSH), a leading North American healthcare and public sector information technology company, and Netsmart Technologies, a leading provider of enterprise-wide software for health and human services organizations, today announced they have entered into a reseller agreement to provide comprehensive laboratory information solutions to US healthcare organizations in behavioral health, substance abuse and public health markets.

Netsmart currently provides solutions to over 1300 organizations in over 30 states. Under the agreement, the terms of which have not been disclosed, Netsmart will resell MediSolution's laboratory information system product line to the Netsmart clinical customer base. The full-featured product line includes core laboratory, microbiology, web-outreach, positive patient identification and anatomical pathology modules. MediSolution will manage the implementation process for all systems sold by the Netsmart team.

"The MediSolution laboratory information system is very synergistic with our goal to provide solutions that improve quality, contain cost and assure client safety," said Ron Marge, Vice-President Business Development, Netsmart Technologies. "The laboratory information system will allow us to extend our product offering and provide additional value to our clinical customer base."

Specifically designed to increase operational efficiency and results reporting within clinical laboratories, the MediSolution laboratory information solution automates numerous functions, ranging from laboratory requests, to the integration of point of care testing, to the production and communication of web-enabled final test results.

"We are delighted to be working with the Netsmart Technologies team to bring the laboratory information system to the Netsmart customer base," said Paul Lepage, President and Chief Operating Officer, MediSolution. "Our feature rich laboratory solution with its automated workflow is a perfect complement to Netsmart's comprehensive Avatar clinical suite, which is designed to automate clinical practices, provide the infrastructure for sharing clinical data and support mobile and remote clinic staff."

About NetSmart Technologies Inc.

Netsmart Technologies, Inc., based in Great River, New York, is an established, leading supplier of enterprise-wide software solutions for health and human services providers, with more than 1300 customers, including more than 30 systems with state agencies. Netsmart's customers include health and human services organizations, public health agencies, mental health and substance abuse clinics, psychiatric hospitals, and managed care organizations. Netsmart's products are full-featured information systems that operate on a variety of operating systems, hardware platforms and mobile devices, and offer unlimited scalability.

For more information about Netsmart Technologies solutions, call 800-421-7503 or visit

About MediSolution

MediSolution (TSX: MSH), a Brookfield Asset Management company, is a leading healthcare and public sector information technology company, providing software, solutions and services to customers across North America. More than 500 hospitals and other healthcare facilities and 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. MediSolution has two operating segments. The Resource Management Systems segment is comprised of Financial Management software such as accounts receivable, budgeting and materials management as well as Human Capital Management tools including human resource management, staff scheduling and payroll processing. The Healthcare Information Systems segment is comprised of clinical solutions such as patient tracking, electronic patient health records, pharmacy, radiology and laboratory software for healthcare organizations.

For more information, visit

This press release contains "forward-looking statements" regarding MediSolution's laboratory information system and its recent sub-distribution agreement with Netsmart Technologies Inc . The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. 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 failure to generate customer interest in the laboratory information system, the failure to secure additional new business from the agreement, the cancellation of the agreement between Netsmart and MediSolution and the laboratory information system product's failure to generate anticipated business efficiencies and value for the client.

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