Prism Medical Ltd.
TSX VENTURE : PM

Prism Medical Ltd.

December 15, 2006 13:19 ET

Prism Medical Ltd.: Completion of Corporate Reorganization

MISSISSAUGA, ONTARIO--(CCNMatthews - Dec. 15, 2006) - Prism Medical Ltd. ("Prism") (TSX VENTURE:PM) announced today that it amalgamated with Waverley Glen Systems Ltd., a wholly-owned subsidiary, on December 1, 2006 and continued as one company with the name "Prism Medical Ltd.". The amalgamation will allow Prism Medical Ltd. to reduce costs and streamline the corporate structure.

Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the USA and the United Kingdom. Operating since 1996, Prism services the mobility disadvantaged wherever they reside - the home, long-term care facilities or acute care facilities. Prism is North America's premier ceiling lift manufacturer with distribution across Canada and the US. Prism's subsidiary, Westholme Limited, is the largest distributor of moving and handling products in the UK and Freeway Healthcare is a UK based manufacturer of ceiling hoists and shower chairs.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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