Vigil Health Solutions Inc.

Vigil Health Solutions Inc.

April 05, 2006 19:49 ET

Vigil Health Solutions Inc. Announces Closing of Second Tranche of Private Placement

VICTORIA, BRITISH COLUMBIA--(CCNMatthews - April 5, 2006) - Vigil Health Solutions Inc. ("Vigil") (TSX VENTURE:VGL) is pleased to announce that it has closed the second and final tranche of its private placement announced on March 31, 2006. A total of 2,500,000 common shares were issued at a price of $0.06 per share to raise gross proceeds of $150,000 in the second tranche.

In the first tranche, on March 31, 2006, a total of 27,500,000 common shares were issued at a price of $0.06 per share raising gross proceeds of $1,650,000. The offering was oversubscribed and consequently the Company scheduled the second closing. The two tranches of the Private Placement have raised a combined gross proceeds of $1,800,000.

The Company intends to use the net proceeds from the private placement for working capital and other general corporate purposes, including expanding the existing sales team.

Unless permitted under securities legislation and with the prior approval of the TSX Venture Exchange, the common shares issued on April 5, 2006 cannot be traded until August 6, 2006.

About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding aged care market. Vigil has established a rapidly growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System™ (Vigil® System) includes nurse call, wireless nurse call, two-way voice nurse call, wireless pendants, resident check-in, bed monitoring and a unique non-invasive monitoring system for dementia residents who often do not equate pushing a button with getting help. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

Certain information contained in this news release may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts or other statements that are not statements of fact. Although the Company believes that the expectations are reasonable, actual events or results may differ from the Company's expectations.

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

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