TORONTO, Jan. 13 /CNW/ - Med-Emerg International Inc. (OTCBB:MDER)
("MedEmerg"), one of Canada's leading providers of health services, is pleased
to announce that it has obtained final court approval from the Ontario
Superior Court of Justice approving the previously announced plan of
arrangement (the "Arrangement") with AIM Health Group Inc. The Arrangement was
approved by a special resolution of MedEmerg's shareholders at a special
meeting of MedEmerg's shareholders held on January 8, 2009.
Subject to the satisfaction of certain closing conditions, the
Arrangement is expected to close on or about January 15, 2009.
About Med-Emerg International Inc.
MedEmerg specializes in the coordination and delivery of health care
services in Canada. These services include an integrated chronic pain
management program, community-based infusion centers and health human resource
management, including physician and nurse staffing.
MedEmerg's audited revenue for its fiscal year ended December 31, 2007
was approximately US$22 million.
Caution Concerning Forward-Looking Statements
Certain statements in this press release are forward-looking statements,
including, but not limited to, those relating to the proposed transaction, the
timing of the closing of the proposed transaction and other statements that
are not historical facts are forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The words "plan",
"expect", "believe", "intend", "anticipate", "forecast", "target", "estimate"
and similar expressions identify forward-looking statements. Forward-looking
statements are based on assumptions made by and information currently
available to MedEmerg. Investors are cautioned that these forward-looking
statements are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially from those
expected. These risks and uncertainties are outlined in MedEmerg's Annual
Report on Form 10-K for 2007, and such other documents as are filed with the
Securities and Exchange Commission from time to time. MedEmerg does not
undertake to review or update these forward-looking statements. MedEmerg
qualifies all of the information contained in this press release, and
particularly its forward-looking statements, by these cautionary statements.
Additional information about the risks and uncertainties of AIM's and
MedEmerg's business is provided in their respective disclosure materials filed
with the securities regulatory authorities in Canada, available at
For further information:
For further information: Med-Emerg International Inc., Michael Sinclair,
Chairman, (905) 858-1368