Med-Emerg International Inc. reports improved income from operations



    TORONTO, Aug. 14 /CNW/ - Med-Emerg International Inc. (OTCBB - MDER),
announced today that revenue from continuing operations, for the three months
ended June 30, 2008 were $6.1 million compared to $5.3 million for the same
period in 2007 (all amounts are $US unless otherwise stated). For the three
month period, income from continuing operations improved to $164K from $15K in
2007. The improvement was driven by improved performance with all operating
divisions.
    The Company reported income attributable to common shareholders in the
quarter of $281K ($0.005 per share) in 2008, compared to a loss of ($236K)
($0.004 per share) in 2007.
    The Company's financial statement information is summarized below:

    
    (US$000's except
     share information)    Three Months Ended          Six Months Ended
                                 June 30                     June 30
                       --------------------------  --------------------------
                       --------------------------  --------------------------
                           2008          2007          2008          2007

    Revenue                  6,131         5,252        11,596        10,074
    EBITDA                     271           108           450           (41)
    Income (loss) from
     continuing
     operations                164            15           245          (203)
    Income (loss) from
     discontinued
     operations                117          (251)           30          (363)
    Net income (loss)
     attributable to
     common
     shareholders              281          (236)          275          (566)

    Net income (loss)
     per common share
     (basic)
      Continuing
       operations      $     0.003   $     0.000   $     0.004   $    (0.003)
      Discontinued
       operations      $     0.002   $    (0.004)  $     0.001   $    (0.006)

    Weighted average
     shares
     outstanding,
     basic              58,277,696    58,277,696    58,277,696    58,277,696

    Income (loss) per
     common share,
     diluted
      Continuing
       operations      $     0.002   $     0.000   $     0.004   $    (0.003)
      Discontinued
     operations        $     0.002   $    (0.004)  $     0.000   $    (0.006)
    Weighted average
     common shares and
     share equivalents,
     diluted            67,027,696    58,277,696    67,027,696    58,277,696
                       --------------------------  --------------------------



    (US$000's)

                                                       June        December
    Balance Sheet Data:                              30, 2008      31, 2007
                                                   --------------------------
                                                   --------------------------
    Working Capital Surplus                              2,753         2,472
    Total Assets                                         7,737         7,529
    Long-term debt                                         348           445
    Shareholders' equity - Canadian GAAP                 1,123           880
    Shareholders' equity - US GAAP                       1,134           926
    

    MedEmerg specializes in the coordination and delivery of health care
services in Canada and overseas. These services include an integrated chronic
pain management program, community-based infusion centers and health human
resource management, including physician and nurse staffing.

    All statements included in this press release that are not statements of
historical fact 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 the Company. 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 the Company'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. The Company does not
undertake to review or update these forward-looking statements. The Company
qualifies all of the information contained in this press release, and
particularly its forward-looking statements, by these cautionary statements.

    %SEDAR: 00014075E




For further information:

For further information: Ramesh Zacharias, CEO, Med-Emerg International
Inc., Tel: (905) 858-1368, Email: rzacharias@med-emerg.com

Organization Profile

MED-EMERG INTERNATIONAL INC.

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