Prism Medical Announces Purchase Agreement with Sunrise Senior Living

TORONTO, Feb. 12, 2013 /CNW/ - Prism Medical Ltd., ("Prism Medical" or "the Company") (TSXV: PM), a leading provider of durable medical equipment and related services to the mobility challenged, today announced that it has signed an agreement with Sunrise Senior Living to provide its range of lifting and transfer products to Sunrise's communities across the United States and Canada. Prism will also provide comprehensive clinical training and product preventative maintenance at each community.

"We are very excited about this opportunity to work with Sunrise, an industry leader, and support their focus on providing residents with high quality care and service," said Stuart Meldrum, Chief Executive Officer of Prism Medical. "This agreement further shows our ability to work with third parties, such as International Insurance Broker Lockton Companies who was instrumental in the success of this agreement, to expand our presence across targeted markets. We are delighted to be working with Lockton Companies Denver CO."

About Prism Medical Ltd.

Prism Medical Ltd. is one of the largest providers and manufacturers of durable medical equipment and related services to the mobility challenged in Canada, the US and the UK, with more than 100,000 installations and 200,000 product solutions sold. The Prism Medical brands include Waverley Glen and ErgoSafe, North America's leading supplier of lifting, handling, and repositioning aid products and services across Canada and the US Freeway and Prism Service & Repair are leading suppliers of moving and handling products and services in the UK. For further information visit Prism Medical's website at www.prismmedicalltd.com or www.sedar.com.

Forward-Looking Information

This document contains forward‐looking statements relating to our operations and to the environment in which we operate and our strategy, action plans and investments, which may involve estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and/or are beyond our control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward‐looking statements. These factors include those set forth in this report and our other public filings. Consequently, readers should not place any undue reliance on such forward‐looking statements. These forward‐looking statements are made as of the date of this report. Prism Medical is under no obligation to update any forward‐looking statements contained herein should material facts change due to new information, future events or other factors. All forward‐looking statements attributable to Prism Medical are expressly qualified by these cautionary statements. 

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

SOURCE: Prism Medical Ltd.

For further information:

George Chiarucci
Chief Financial Officer
gchiarucci@prismmedicalltd.com
416-260-2145 ext. 229

Babak Pedram
TMX Equicom
bpedram@tmxequicom.com
416-815-0700 ext. 264