ZoomMed inc.
TSX VENTURE : ZMD

ZoomMed inc.

May 22, 2009 13:33 ET

ZoomMed: Closing the Sale of "ZoomMed Equipment" Assets

MONTREAL, CANADA--(Marketwire - May 22, 2009) - ZoomMed Inc (TSX VENTURE:ZMD). ZoomMed announces that the Corporation proceeded as of today, to the closing of a purchase offer agreement, as previously announced last May 1st, regarding the sale of all the assets of "ZoomMed Equipment" including its franchise network which operates under the name ZoomCite.

According to this "arms length transaction", the assets of "ZoomMed Equipment", which represent 2,5% of ZoomMed's total assets, were sold to Solutions Bel Age Inc.", previously 70003757 Canada Inc., for $360,000 payable at closing. ZoomMed paid a $34,500 finder's fee to Mergerac Inc.

"We have accepted this offer in order to focus our efforts and resources, as well human as financial, on the "ZRx Prescriber" development and marketing, which proves to be, since its introduction, a stunning success throughout Canada" said Mr. Yves Marmet. "We are convinced that this transaction will benefit the Corporation and all of its Shareholders" added Mr. Marmet.

About the ZRx Prescriber

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™, 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).

The TSX Venture Exchange does not assume any responsibility for the adequacy or accuracy of this press release.

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