ZoomMed inc.
TSX VENTURE : ZMD

ZoomMed inc.

February 03, 2011 10:31 ET

ZoomMed Announces its Intention to Proceed With a Private Placement of $2.5 Million

MONTREAL, QUEBEC--(Marketwire - Feb. 3, 2011) - ZoomMed Inc. (TSX VENTURE:ZMD) announces that it has taken the steps in order to conclude a brokered private placement of units, at a subscription price of $0.155 per unit, for a maximum amount of $2,500,000 (the "Units") with investors, subject to the approval of the TSX Venture Exchange and others regulatory authorities. The broker appointed for this private placement is Avenue Capital Markets Inc.

Each Unit consists of one common share of ZoomMed Inc. ("Common Share") and one half- warrant. Each whole warrant entitles the holder thereof to purchase one Common Share at an exercise price of $0.155 for a period of 24 months from the date of the closing of the financing. All of the Common Shares and warrants that may be issued are subject to a mandatory holding period of 4 months and 1 day from the date of the closing of the financing.

About ZoomMed

ZoomMed's developed the ZRx Prescriber, a technological innovative Web application that enables physicians to use a wireless device, such as the IPod Touch™, IPhone™, IPad™, Google Android™, other PDA's or computers, to write and rapidly deliver scripts. The ZRx Prescriber is quick, efficient and intuitive. Since it is a stand-alone product, it can easily be integrated to any Electronic Medical Record application (EMR).

About Praxis Santé

PraxisLab is a new application that enhances all aspects of the prescription filling process and the complete pharmacists patient file management. Fast, efficient and user friendly, its unique development concept provides a fast access to all its functionalities, thus allowing its users to be productive with a minimum training. PraxisLab uses state-of-the-art protocols and up-to-date software standards, allowing high compatibility with existing software, as well as new generation software.

For further information about Praxis Santé Inc., please visit the Web Site; www.praxissante.com

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

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