VAUGHAN, ON, Dec. 24 /CNW/ - PRISM MEDICAL LTD. (TSX-V:PM) (the "Company") announced today, further to its announcement on October 19, 2009 concerning the appointment of Raymond James & Associates Inc. as financial advisor, that it has engaged its special committee to review and assist the board concerning strategic alternatives for increasing shareholder liquidity and value. The members of the special committee are Messrs. John Charles, Brian Spence and Jeffrey Spinks.
Prism Medical Ltd. is a provider of durable medical equipment and related services to the mobility disadvantaged in Canada, the U.S.A. and the United Kingdom. While Prism's history dates back to 1996, Prism's subsidiaries and divisions have been servicing the mobility disadvantaged since the mid 1980s in their homes, long-term care facilities and acute care facilities. Prism includes Waverley Glen and ErgoSafe Products, North America's premier lifting & handling equipment and repositioning aid manufacturer with distribution across Canada and the U.S., Westholme and Care Free Lifting & Handling, leading distributors of moving and handling products in the UK, and Freeway Health Care, a UK-based manufacturer of ceiling hoists and shower chairs.
For further information: William G. Edwards, Chief Financial Officer, Prism Medical Ltd., Tel: (905) 850-0093 ext. 242, firstname.lastname@example.org