MedX(R) Health Corp. Announcement



    MISSISSAUGA, ON, Feb. 22 /CNW/ - MedX Health Corp. (TSXV: MDX) ("MedX" or
the "Company") regrets to announce that its Chairman and Chief Executive
Officer, Phil Passy, has suddenly and unexpectedly passed away today in
Clearwater Florida. The board of directors has met and has elected long-time
board member Gary Van Nest Chairman of the Board and acting President of MedX.
    Mr. Van Nest stated that the business of MedX will carry on as usual
under his aegis. The Company was already engaged in a process designed to
bolster senior management, and this process will now be accelerated.

    About MedX Health Corp.

    MedX is a leading North American developer and manufacturer of
phototherapy medical devices, including dental, rehabilitation and wound care
products. MedX recently completed a $4,088,000 new issue, and plans to use the
proceeds for expansion of distribution network, marketing program, product
development for new dental, rehabilitation and wound care products, research
and development for wound care study and for working capital purposes. In
particular, MedX plans to accelerate the development of a new product aimed at
the rapidly-growing wound care market: its Photobandage, a bandage technology
that allows a wound to be bathed in light, designed to enhance the healing
process.

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

    This press release contains "forward-looking information" within the
meaning of applicable Canadian securities legislation. Such forward-looking
information may include statements regarding the Company's future plans,
objectives, performance, growth, profits, operating expenses or its underlying
assumptions. Generally, forward-looking information can be identified by the
use of forward-looking terminology such as "plans", "expects", or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"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 information is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of MedX to be materially different from
those expressed or implied by such forward-looking information, including
uncertainty of successful development of new products, uncertainty of
successful manufacturing or marketing of products, uncertainty of commercial
acceptance of products, uncertainty concerning governmental regulation,
dependency on key employees and relationships, rapid technological changes,
foreign currency fluctuations. MedX does not undertake to update any
forward-looking information, except in accordance with applicable securities
laws.

    %SEDAR: 00017466E




For further information:

For further information: Bill Ford, Chief Financial Officer, Phone:
(905) 826-0766, Email: investor@medxhealth.com

Organization Profile

MedX Health Corp.

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