Medworxx Announces $4.2 Million Private Placement



    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMENATION IN THE UNITED STATES./

    TORONTO, July 3 /CNW/ - Medworxx Solutions Inc. (TSX-V: MWX) announced
that it has engaged Loewen, Ondaatje, McCutcheon Limited ("Loewen") to lead a
brokered private placement to raise, on a best efforts agency basis, up to
$4.2 million through the issuance of Units. This replaces the previous private
placement announced on May 8, 2008. Loewen has also been granted the option to
increase the size of the offering by 20%. Each Unit will consist of one common
share and one-half of one common share purchase warrant. Each whole warrant
will entitle the holder to acquire one common share at an agreed-upon price
for a period of 24 months after the closing date of the private placement.
Pricing will be based on current market conditions.
    Net proceeds of the private placement will be used for the acquisition of
HealthCast Inc., sales and marketing of the Medworxx Emergency Readiness
System, additional research and development of the Medworxx software platform,
other strategic acquisitions, and working capital purposes.

    About Medworxx:

    Founded in 2004 and publicly traded on the TSX Venture Exchange, Medworxx
makes a strategic software platform that hospitals use to communicate,
aggregate, and analyze knowledge. Headquartered in Toronto, Ontario, Medworxx
products are used by more than 400,000 people at over 250 hospitals across
North America. Medworxx: our market is healthcare, our vertical is knowledge.

    This press release contains forward-looking statements. Often, but not
always, forward-looking statements can be identified by the use of words such
as "plans", "expects" or "does not expect", "is expected", "estimates",
"intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur or be
achieved.
    Forward-looking statements involve known and unknown risks, uncertainties
and other factors, such as competition, technological changes, the changing
needs of hospitals, the financial condition of the Company's current and
potential customers, foreign currency exchange rates, as well as general
economic conditions, which may cause the actual results, performance or
achievements of the Corporation and Medworxx to be materially different from
any future results, performance or achievements expressed or implied by the
forward-looking statements. Actual results and developments are likely to
differ, and may differ materially, from those expressed or implied by the
forward-looking statements contained in this press release. There can be no
assurance that forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on
forward-looking statements.

    %SEDAR: 00024567E




For further information:

For further information: Dan Matlow, President and Chief Executive
Officer, Phone: (416) 642-1278, Fax: (416) 847-0037, info@medworxx.com, 121
Richmond Street West, Suite 700, Toronto, Ontario, Canada, M5H 2K1

Organization Profile

MEDWORXX INC.

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