Medworxx Announces Closing of a Non-Brokered Private Placement



    TORONTO, July 10 /CNW/ - Medworxx Solutions Inc. ("Medworxx")(TSXV: MWX)
is pleased to announce the closing of a non-brokered private placement of
1,250,332 units at $0.17 per unit for aggregate gross proceeds of up to
$212,480 (the "Private Placement"). Each unit is comprised of one common share
and one-half of one common share purchase warrant, with each whole warrant
entitling the holder to acquire one Medworxx common share at $0.26 for 24
months.
    Medworxx intends to use the net proceeds from the Private Placement for
general working capital purposes.

    About Medworxx:
    ---------------
    Medworxx, the makers of strategic software platforms that hospitals use
to communicate, aggregate, and analyze knowledge, has been capturing the power
of hospital knowledge since 2004. Medworxx' products are used by more than
200,000 users at over 150 hospitals across North America. Headquartered in
Toronto, Ontario, Medworxx trades on the TSX Venture Exchange under the symbol
MWX.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Cautionary Note Regarding Forward-Looking Statements

    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 which may cause the actual results,
performance or achievements of Medworxx to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking statements, such as costs of sales, general economic
conditions, the success of marketing and competition from competing suppliers
and businesses. 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: visit www.medworxx.com, or contact: Medworxx,
Dan Matlow, President & CEO, (416) 642-1278 x311, dmatlow@medworxx.com

Organization Profile

MEDWORXX INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890