Prism Medical Ltd. (PM:TSX-VEN) Dividend Declaration and Financial Advisor

VAUGHAN, ON, Oct. 19 /CNW/ - Prism Medical Ltd. ("Prism") (PM:TSX-VEN) announced today that the directors have approved payment of a dividend of $0.075 per common share on November 5, 2009 to the shareholders of record on October 28, 2009.

Prism also announced today that the board of directors approved the appointment of Raymond James & Associates, Inc. to act as a financial advisor to the company. In such capacity, Raymond James & Associates, Inc. will independently assess the value of the company and review strategic alternatives with a view to increasing shareholder liquidity and maximizing shareholder value.

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

%SEDAR: 00009348E

SOURCE Prism Medical Ltd.

For further information: For further information: Andrew McIntyre, President, Chief Executive Officer and Chairman, Prism Medical Ltd., Tel: (416) 260-2145 ext. 235, Fax: (416) 260-9195, prism@prismmedicalltd.com, www.prismmedicalltd.com

Organization Profile

Prism Medical Ltd.

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