Ergoresearch Grants Stock Options - Ergoresearch Grants Stock Options To Board Member

LAVAL, QC, May 8, 2013 /CNW Telbec/ - Ergoresearch Ltd (TSXV: ERG), the leading orthotics network in Quebec under the Clinique du pied Équilibre, Orthoconcept and Laboratoire Langelier banners, grants stock options to Mr Gilles Laporte.  Mr Laporte was elected to the Board of Directors at the last Ergoresearch general shareholder meeting held on December 17 2012.

Mr Laporte is a corporate director who until October 2011 was Chief Vice-President ‒ Business Development at Logibec Groupe Informatique Ltée, a position he occupied since January 2001. He was previously President at Calculus Informatique Ltée, a private computer service provider, and Vice-President of Société d'information Banque Nationale, a subsidiary of the National Bank of Canada.

According to Ergoresearch President and CEO Sylvain Boucher, "Mr Laporte's expertise in business development will prove beneficial in every way. The Company is at a growth inflection point and our strategy, one based on innovation and acquisition, is ambitious. We're surrounding ourselves with the best to ensure Ergoresearch's expansion, health and long-lasting financial success."

By way of resolution and in compliance with the Company's stock option plan, the board of directors has granted 200,000 stock options to Mr Laporte.

The exercise price of the options was set at $0.62 per share.  Ergoresearch's closing price on May 07 2013 was $0.62/share. These options must be exercised within 10 years of their grant date, or May 08 2023, and are subject to the provisions of Ergoresearch's stock option plan and in full compliance with TSX Venture Exchange policies.

A total of 5,000,000 stock options are currently available under the Company's stock option plan. The total amount of common shares issued and outstanding is 70,089,340.

The total amount of stock options outstanding granted to Directors and key employees is now at 2,325,000 stock options (at an average exercise price of 0.18$ per share), with 2,450,000 undistributed stock options remaining.

About Ergoresearch
Ergoresearch has developed the most important orthotics network in Québec, with over one hundred clinics and satellite centres flying under the banners of Clinique du pied Équilibre, Orthoconcept and Laboratoire Langelier. Québec's leading manufacturer of "intelligent" foot orthotics and specialty orthotics, it is a trend-setter in creating durable medical equipment and software for the orthopedics market. Through its subsidiary Victhom Human Bionics, it also owns patents in the field of bionics including intellectual property for the Power Knee, the world's only motor-powered prosthesis for above-knee amputees.
Ergoresearch has created and commercialized WebFit™, the first robotized custom-fit orthotics manufacturing software program, launched the first knee osteoarthritis Living Lab in Canada, and a new generation of world-patented orthotic device, the OdrA, that revolutionizes the treatment of pain associated with knee osteoarthritis. Ergoresearch Ltd is listed on the TSX Venture Exchange (TSXV) under the symbol ERG.

This is not an invitation to purchase securities listed on TSX Venture Exchange. TMX Group and its affiliates do not endorse or recommend the referenced securities. Please seek professional advice to evaluate specific securities.

Forward-looking statements
Certain statements in this Press Release contain forward-looking statements and information that may entail certain risks related to uncertainties. Such statements are based on management's expectations and no assurance can be given that potential future results or circumstances described in the forward looking statements will be achieved or will occur. Such risks factors include, but are not limited to, those related to the Corporation's ability to finance its activities, competition, ability to negotiate and maintain partnerships, the market acceptance of the said product, fluctuations in operating results, the impact of general economics, industry and market conditions, the ability to recruit and retain qualified employees, the success of research and development programs, fluctuations in cash flow, expectations regarding market demand for particular products, the strength of intellectual property, market dependence on new product development, the trust invested in sub-contractors or their core personnel, as well as other documents containing risks and uncertainties which are put forth every now and then by the firm to various Canadian securities and exchange commissions and made available at www.sedar.com.

The reader should not give great importance to forward-looking statements as (i) the results may differ from conclusions, predictions or projections contained in such forward-looking statements; and (ii) certain important factors or hypothesis taken into account in reaching conclusions or the preparation of a projection or prediction may prove to be incorrect in fact.

Management disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or circumstances. All figures are in Canadian dollars, unless otherwise specified.

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

SOURCE: Ergoresearch Ltd

For further information:

Sylvain Boucher, President and CEO ‒ Ergoresearch Ltd.
450-973-6700, ext. 213 / sboucher@ergoresearch.com


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