OPMEDIC GROUP Inc.
TSX : OMG

OPMEDIC GROUP Inc.

December 23, 2005 23:59 ET

OPMEDIC Group Inc. Announces the Closing of its Initial Public Offering and Listing on the TSX - The Company strengthens its management team to support growth

MONTREAL, Dec. 23 - OPMEDIC GROUP Inc. ("OPMEDIC GROUP")
(TSX: "OMG"), a healthcare-related services company providing facilities and
services to patients and surgeons, is pleased to announce the successful
closing of its initial public offering (the "Offering") and the listing of its
common shares (the "Common Shares") on the Toronto Stock Exchange (the "TSX").
OPMEDIC GROUP issued today a total of 3,896,800 Common Shares at a price of
$1.90 each, for gross proceeds of $7.4 million. The Common Shares are now
listed on the TSX under the symbol "OMG".

A syndicate led by Wellington West Capital Markets Inc. and including
GMP Securities L.P. acted as underwriters (the "Underwriters") in connection
with the Offering. OPMEDIC GROUP has granted an option to the Underwriters to
purchase up to an additional 584,520 Common Shares to cover over-allotments,
exercisable for a period of 60 days following closing of the Offering.

OPMEDIC GROUP also confirms today the hiring of Mr. Paulo Bouça as Chief
Operating Officer and Vice President Business development.

"With the funds from this IPO and the addition of a new senior executive
to our team, OPMEDIC GROUP has the necessary resources and expertise to drive
revenue growth and continue developing its activities in the field of surgery
and related services by operating centres through its OPMEDIC division," said
Dr. Pierre St-Michel, President and CEO of OPMEDIC GROUP.


About OPMEDIC GROUP


OPMEDIC GROUP is a company incorporated under the laws of the Province of
Quebec which provides healthcare-related services including surgical
facilities and services to patients and surgeons (with its OPMEDIC division),
fertility treatments, medical imaging, laboratory services and diagnostic
procedures (with its PROCREA Cliniques division) and sperm banking services
(with its PROCREA Cryopreservation Centre subsidiary). OPMEDIC GROUP's Common
Shares trade on the Toronto Stock Exchange under the symbol "OMG".


This news release does not constitute an offer to sell or to solicitation
of an offer to buy any security and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such offerting would be
unlawful. This news release contains certain forward-looking statements that
reflect the current views and/or expectations of OPMEDIC GROUP with respect to
its performance, business and future events. Such statements are subject to a
number of risks, uncertainties and assumptions. Actual results and events may
vary significantly.

The Content of this press release has not been approved by nor submitted
to the TSX which assumes no liability therefore.

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